Hudbay Minerals Inc. (TSE:HBM) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have been assigned an average rating of “Buy” from the fourteen ratings firms that are presently covering the stock, Marketbeat.com reports. Twelve research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$15.54.

Several equities analysts recently weighed in on the company. Jefferies Financial Group lifted their price target on Hudbay Minerals from C$14.00 to C$15.00 in a research note on Friday, October 4th. National Bankshares upped their target price on Hudbay Minerals from C$15.50 to C$16.75 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Royal Bank of Canada dropped their price target on shares of Hudbay Minerals from C$18.00 to C$16.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 10th. Finally, Scotiabank upped their price objective on shares of Hudbay Minerals from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th.

Hudbay Minerals Stock Up 1.4 %

HBM opened at C$12.41 on Thursday. The company has a fifty day moving average of C$12.41 and a two-hundred day moving average of C$11.82. The stock has a market capitalization of C$4.88 billion, a price-to-earnings ratio of 33.54, a PEG ratio of 3.97 and a beta of 1.83. Hudbay Minerals has a fifty-two week low of C$6.72 and a fifty-two week high of C$14.33. The company has a debt-to-equity ratio of 49.37, a quick ratio of 0.85 and a current ratio of 1.87.

Insider Activity at Hudbay Minerals

In other Hudbay Minerals news, Senior Officer Robert Alan Carter sold 8,014 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of C$13.24, for a total transaction of C$106,105.36. 0.07% of the stock is owned by insiders.

About Hudbay Minerals

Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.