Hudbay Minerals (TSE:HBM) Given New C$14.00 Price Target at TD Securities

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target decreased by TD Securities from C$15.00 to C$14.00 in a research note published on Thursday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the mining company’s stock.

A number of other equities analysts have also issued reports on HBM. Stifel Nicolaus raised 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. 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 report on Thursday. Thirteen analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$15.12.

Hudbay Minerals Stock Performance

TSE HBM opened at C$10.78 on Thursday. 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 52-week low of C$7.07 and a 52-week high of C$14.33. The business’s 50-day moving average price is C$12.27 and its 200 day moving average price is C$11.89. The firm has a market cap of C$2.99 billion, a P/E ratio of 30.36, a P/E/G ratio of 3.97 and a beta of 1.83.

Insider Buying and Selling at Hudbay Minerals

In related news, Senior Officer Robert Alan Carter sold 8,014 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were 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 corporate insiders.

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.