National Bankshares Reiterates “C$14.50” Price Target for Hudbay Minerals (TSE:HBM)

Hudbay Minerals (TSE:HBM) (NYSE:HBM) has been assigned a C$14.50 price target by National Bankshares in a research report issued on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the mining company’s stock. National Bankshares’ target price suggests a potential upside of 8.13% from the stock’s current price.

HBM has been the topic of several other reports. Scotiabank upped their price objective on shares of Hudbay Minerals from C$14.00 to C$15.50 in a report on Monday, June 16th. Jefferies Financial Group upped their price objective on Hudbay Minerals from C$14.00 to C$17.00 in a research report on Friday, April 4th. Desjardins boosted their price target on Hudbay Minerals from C$16.00 to C$17.00 and gave the stock a “buy” rating in a report on Thursday, May 22nd. Stifel Canada upgraded shares of Hudbay Minerals to a “strong-buy” rating in a research report on Wednesday, March 19th. Finally, Royal Bank Of Canada raised their price target on shares of Hudbay Minerals from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a report on Wednesday, June 4th. Eight research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$16.05.

Hudbay Minerals Stock Up 0.8%

HBM traded up C$0.11 during trading hours on Tuesday, hitting C$13.41. 597,152 shares of the company’s stock were exchanged, compared to its average volume of 1,686,704. The stock has a market cap of C$3.72 billion, a price-to-earnings ratio of 37.76, a PEG ratio of 3.97 and a beta of 1.83. The stock’s 50-day moving average is C$11.64 and its two-hundred day moving average is C$11.59. 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 1-year low of C$8.49 and a 1-year high of C$13.94.

Insider Activity

In other Hudbay Minerals news, Director Gregory Paul Dryden sold 30,000 shares of the firm’s stock in a transaction on Friday, June 6th. The shares were sold at an average price of C$13.21, for a total value of C$396,204.00. Also, Senior Officer Mark Zachary Gupta sold 2,874 shares of the firm’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of C$13.25, for a total value of C$38,080.50. In the last 90 days, insiders sold 34,074 shares of company stock valued at $447,953. Corporate insiders own 0.07% of the company’s stock.

About Hudbay Minerals

Hudbay Minerals Inc is a Canadian mining company with its operations, property developments, and exploration activities across the United States. The major mines that Hudbay operates are located in Manitoba, Canada, Arizona, United States; and Peru. The company is principally focused on the discovery, production, and marketing of base and precious metals.