National Bankshares Reiterates C$15.50 Price Target for Hudbay Minerals (TSE:HBM)

National Bankshares set a C$15.50 target price on Hudbay Minerals (TSE:HBM) (NYSE:HBM) in a research report sent to investors on Wednesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the mining company’s stock.

A number of other research firms also recently issued reports on HBM. Stifel Canada upgraded Hudbay Minerals to a “strong-buy” rating in a report on Wednesday, March 19th. Stifel Nicolaus lifted their price target 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 raised 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 note on Thursday, March 13th. Scotiabank dropped their price target on Hudbay Minerals from C$14.00 to C$13.50 and set an “outperform” rating on the stock in a research report on Friday, March 28th. Finally, TD Securities reduced their price objective on Hudbay Minerals from C$15.00 to C$14.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Thirteen analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$15.15.

Hudbay Minerals Stock Performance

Shares of HBM opened at C$11.02 on Wednesday. The company has a 50-day simple moving average of C$11.48 and a two-hundred day simple moving average of C$11.97. 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 firm has a market capitalization of C$3.06 billion, a PE ratio of 31.03, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83. Hudbay Minerals has a one year low of C$9.08 and a one year high of C$14.33.

Hudbay Minerals Announces Dividend

The company also recently declared a dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 21st were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a dividend yield of 0.1%. Hudbay Minerals’s payout ratio is 5.63%.

Insider Buying and Selling

In other Hudbay Minerals news, Director Peter Gerald Jan Kukielski bought 9,300 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was bought at an average cost of C$10.76 per share, for a total transaction of C$100,068.00. Also, Senior Officer Francisco Javier Del Rio Del Aguila sold 12,959 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of C$12.00, for a total transaction of C$155,508.00. Insiders bought 11,800 shares of company stock valued at $127,418 over the last 90 days. Company insiders own 0.07% of the company’s stock.

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.