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

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price decreased by research analysts at Scotiabank from C$15.50 to C$14.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the mining company’s stock. Scotiabank’s target price points to a potential upside of 28.32% from the company’s current price.

A number of other research firms also recently weighed in on HBM. TD Securities reduced their target price on Hudbay Minerals from C$15.00 to C$14.00 and set a “buy” rating on the stock in a report on Thursday. Canaccord Genuity Group reduced their target price on Hudbay Minerals from C$15.50 to C$14.00 and set a “buy” rating on the stock in a report on Thursday. National Bankshares dropped 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 report on Thursday. Finally, Stifel Nicolaus upped their price objective on Hudbay Minerals from C$16.00 to C$16.50 and gave the company a “buy” rating in a research report on Thursday, January 30th. Thirteen equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$15.12.

Hudbay Minerals Trading Down 0.9 %

TSE:HBM traded down C$0.10 during mid-day trading on Thursday, reaching C$10.91. 2,063,651 shares of the company’s stock traded hands, compared to its average volume of 1,586,581. Hudbay Minerals has a 12-month low of C$7.07 and a 12-month high of C$14.33. The firm has a market capitalization of C$3.03 billion, a price-to-earnings ratio of 30.72, a PEG ratio of 3.97 and a beta of 1.83. The company has a debt-to-equity ratio of 46.39, a current ratio of 1.86 and a quick ratio of 0.85. The company has a 50 day moving average price of C$12.33 and a 200-day moving average price of C$11.90.

Insider Buying and Selling at Hudbay Minerals

In other news, Senior Officer Robert Alan Carter sold 8,014 shares of the firm’s stock in a transaction on 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 currently 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.