Hudbay Minerals (TSE:HBM) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price raised by equities researchers at Stifel Nicolaus from C$16.00 to C$16.50 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the mining company’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 34.04% from the stock’s current price.

Several other brokerages have also issued reports on HBM. Jefferies Financial Group boosted their target price on shares of Hudbay Minerals from C$14.00 to C$15.00 in a research report on Friday, October 4th. Scotiabank boosted their target price on shares of Hudbay Minerals from C$14.50 to C$15.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Finally, National Bankshares boosted their target price on shares of Hudbay Minerals from C$15.50 to C$16.75 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Twelve analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Hudbay Minerals has an average rating of “Buy” and an average price target of C$15.57.

Hudbay Minerals Stock Performance

Shares of HBM stock traded up C$0.39 during trading hours on Thursday, reaching C$12.31. The company had a trading volume of 472,982 shares, compared to its average volume of 1,192,070. The business has a fifty day moving average price of C$12.32 and a 200-day moving average price of C$11.82. Hudbay Minerals has a one year low of C$6.72 and a one year high of C$14.33. The firm has a market cap of C$4.85 billion, a PE ratio of 33.27, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83. The company has a debt-to-equity ratio of 49.37, a quick ratio of 0.85 and a current ratio of 1.87.

Insiders Place Their Bets

In related news, Senior Officer Robert Alan Carter sold 8,014 shares of Hudbay Minerals stock in a transaction that occurred 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. Insiders own 0.07% of the company’s stock.

Hudbay Minerals Company Profile

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.