Hudbay Minerals (TSE:HBM) Price Target Raised to C$17.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price increased by Raymond James from C$16.00 to C$17.00 in a research note published on Friday morning,BayStreet.CA reports.

Several other brokerages also recently commented on HBM. Stifel Canada upgraded shares of Hudbay Minerals to a “strong-buy” rating in a report on Wednesday, March 19th. Scotiabank decreased their price objective on shares of Hudbay Minerals from C$14.00 to C$13.50 and set an “outperform” rating for the company in a research note on Friday, March 28th. TD Securities cut their target price 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. National Bankshares set a C$15.50 target price on Hudbay Minerals and gave the company an “outperform” rating in a report on Wednesday, April 2nd. Finally, Stifel Nicolaus lifted their price target on Hudbay Minerals from C$16.00 to C$16.50 and gave the stock a “buy” rating in a report on Thursday, January 30th. Thirteen equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Hudbay Minerals currently has an average rating of “Buy” and an average price target of C$15.48.

Hudbay Minerals Trading Down 10.8 %

Shares of Hudbay Minerals stock opened at C$8.93 on Friday. The company has a market capitalization of C$2.48 billion, a P/E ratio of 25.15, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83. The stock has a fifty day simple moving average of C$11.37 and a 200 day simple moving average of C$11.98. Hudbay Minerals has a 12-month low of C$8.59 and a 12-month high of C$14.33. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 46.39.

Hudbay Minerals Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 21st were given a dividend of $0.01 per share. The ex-dividend date was Tuesday, March 4th. This represents a yield of 0.1%. Hudbay Minerals’s dividend payout ratio is presently 5.63%.

Insider Transactions at Hudbay Minerals

In related news, Director Peter Gerald Jan Kukielski acquired 9,300 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were acquired at an average price of C$10.76 per share, with a total value of C$100,068.00. Also, Senior Officer Francisco Javier Del Rio Del Aguila sold 12,959 shares of the firm’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of C$12.00, for a total value of C$155,508.00. Insiders acquired 11,800 shares of company stock worth $127,418 over the last quarter. Corporate 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.