Stifel Canada Upgrades Hudbay Minerals (TSE:HBM) to Strong-Buy

Hudbay Minerals (TSE:HBM) (NYSE:HBM) was upgraded by research analysts at Stifel Canada to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

A number of other brokerages also recently commented on HBM. TD Securities dropped 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 report on Thursday, February 20th. Stifel Nicolaus increased their price objective on shares of 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. Royal Bank of Canada increased their target price on shares of Hudbay Minerals from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research report on Thursday, March 13th. Scotiabank dropped their target price on shares of Hudbay Minerals from C$15.50 to C$14.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Finally, 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 on the stock in a research report on Thursday, February 20th. 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, Hudbay Minerals currently has an average rating of “Buy” and an average price target of C$15.18.

Hudbay Minerals Trading Down 0.4 %

Shares of TSE:HBM opened at C$11.90 on Wednesday. Hudbay Minerals has a 52 week low of C$9.08 and a 52 week high of C$14.33. The company’s 50 day moving average is C$11.69 and its two-hundred day moving average is C$11.90. 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 company has a market cap of C$3.30 billion, a PE ratio of 33.51, a P/E/G ratio of 3.97 and a beta of 1.83.

Insider Buying and Selling

In other news, Director Peter Gerald Jan Kukielski bought 9,300 shares of Hudbay Minerals stock in a transaction dated Friday, February 21st. The stock was bought at an average price of C$10.76 per share, for a total transaction of C$100,068.00. 0.07% of the stock is owned by company 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.