Hudbay Minerals (TSE:HBM) Given New C$16.00 Price Target at Royal Bank of Canada

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price raised by Royal Bank of Canada from C$15.00 to C$16.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the mining company’s stock. Royal Bank of Canada’s price target would suggest a potential upside of 52.38% from the stock’s previous close.

Other analysts also recently issued research reports about the company. TD Securities dropped their price objective 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, February 20th. Scotiabank cut their price target on shares of Hudbay Minerals from C$15.50 to C$14.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Canaccord Genuity Group lowered their price objective on Hudbay Minerals from C$15.50 to C$14.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Stifel Nicolaus upped their price target on shares of Hudbay Minerals from C$16.00 to C$16.50 and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, National Bankshares dropped their target price on shares of Hudbay Minerals from C$17.00 to C$15.50 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Thirteen equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Hudbay Minerals presently has a consensus rating of “Buy” and an average price target of C$15.18.

Hudbay Minerals Stock Up 0.5 %

Shares of Hudbay Minerals stock traded up C$0.05 during trading hours on Thursday, hitting C$10.50. 1,088,169 shares of the company’s stock traded hands, compared to its average volume of 1,845,473. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39. Hudbay Minerals has a twelve month low of C$9.01 and a twelve month high of C$14.33. The stock has a 50 day simple moving average of C$11.81 and a 200-day simple moving average of C$11.89. The company has a market cap of C$2.91 billion, a PE ratio of 29.57, a PEG ratio of 3.97 and a beta of 1.83.

Insider Buying and Selling

In related news, Director Peter Gerald Jan Kukielski bought 9,300 shares of the business’s stock in a transaction on Friday, February 21st. The stock was acquired at an average cost of C$10.76 per share, with a total value of C$100,068.00. 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.