TD Securities Issues Pessimistic Forecast for Hudbay Minerals (TSE:HBM) Stock Price

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price dropped by research analysts at TD Securities from C$15.00 to C$14.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the mining company’s stock. TD Securities’ price target points to a potential upside of 38.61% from the stock’s previous close.

Several other analysts have also recently commented on HBM. Canaccord Genuity Group dropped their target price on shares of Hudbay Minerals from C$15.50 to C$14.00 and set a “buy” rating for the company in a research report on Thursday. Stifel Nicolaus boosted their target price on Hudbay Minerals from C$16.00 to C$16.50 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Thirteen research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$15.12.

Hudbay Minerals Stock Down 6.3 %

Shares of TSE:HBM opened at C$10.10 on Thursday. The company has a 50 day moving average of C$12.22 and a 200-day moving average of C$11.88. Hudbay Minerals has a one year low of C$7.07 and a one year high of C$14.33. The stock has a market cap of C$2.80 billion, a price-to-earnings ratio of 28.44, a P/E/G 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.

Insider Activity

In other news, Senior Officer Robert Alan Carter sold 8,014 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of C$13.24, for a total value of C$106,105.36. 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.