Hudbay Minerals (TSE:HBM) Price Target Lowered to C$14.00 at Scotiabank

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price cut by Scotiabank from C$15.50 to C$14.00 in a research note released on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the mining company’s stock.

Several other equities analysts have also issued reports on HBM. Canaccord Genuity Group lowered their price target on Hudbay Minerals from C$15.50 to C$14.00 and set a “buy” rating on the stock in a research note on Thursday. Stifel Nicolaus boosted their price target on Hudbay Minerals from C$16.00 to C$16.50 and gave the company a “buy” rating in a research note on Thursday, January 30th. National Bankshares lowered their price target on Hudbay Minerals from C$17.00 to C$15.50 and set an “outperform” rating on the stock in a research note on Thursday. Finally, TD Securities lowered their price target on Hudbay Minerals from C$15.00 to C$14.00 and set a “buy” rating on the stock in a research note on Thursday. Thirteen research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$15.12.

Hudbay Minerals Trading Down 2.1 %

Shares of HBM opened at C$10.78 on Thursday. Hudbay Minerals has a 12-month low of C$7.07 and a 12-month high of C$14.33. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39. The firm has a market capitalization of C$2.99 billion, a price-to-earnings ratio of 30.36, a P/E/G ratio of 3.97 and a beta of 1.83. The stock’s 50-day moving average price is C$12.27 and its 200 day moving average price is C$11.89.

Insider Transactions at Hudbay Minerals

In other news, Senior Officer Robert Alan Carter sold 8,014 shares of the business’s 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 value of C$106,105.36. 0.07% of the stock is owned by company 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.