Hudbay Minerals (TSE:HBM) Stock Rating Upgraded by Desjardins

Hudbay Minerals (TSE:HBM) (NYSE:HBM) was upgraded by stock analysts at Desjardins to a “moderate buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

Other analysts have also issued reports about the company. National Bankshares set a C$15.50 target price on Hudbay Minerals and gave the stock an “outperform” rating in a research report on Wednesday. Scotiabank reduced their target price on 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. Canaccord Genuity Group dropped their price target on shares of Hudbay Minerals from C$15.50 to C$14.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. TD Securities reduced their price objective on shares of 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. Finally, Jefferies Financial Group boosted their target price on shares of Hudbay Minerals from C$14.00 to C$17.00 in a research report on Friday. Thirteen equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$15.48.

Hudbay Minerals Price Performance

Shares of HBM stock opened at C$8.93 on Thursday. Hudbay Minerals has a twelve month low of C$8.59 and a twelve month high of C$14.33. The company has a market capitalization of C$2.48 billion, a PE ratio of 25.15, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 46.39. The firm has a fifty day simple moving average of C$11.37 and a 200-day simple moving average of C$11.94.

Insider Transactions at Hudbay Minerals

In other news, Senior Officer Francisco Javier Del Rio Del Aguila sold 12,959 shares of Hudbay Minerals stock in a transaction on Thursday, March 20th. The stock was sold at an average price of C$12.00, for a total transaction of C$155,508.00. Also, Director Peter Gerald Jan Kukielski purchased 9,300 shares of the company’s stock in a transaction on Friday, February 21st. The stock was acquired at an average price of C$10.76 per share, for a total transaction of C$100,068.00. Over the last three months, insiders acquired 11,800 shares of company stock worth $127,418. Company insiders own 0.07% of the company’s stock.

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.