Hudbay Minerals (TSE:HBM) Price Target Raised to C$17.00 at Raymond James

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price objective increased by analysts at Raymond James from C$16.00 to C$17.00 in a research note issued on Friday,BayStreet.CA reports. Raymond James’ target price indicates a potential upside of 90.37% from the company’s current price.

Other equities analysts also recently issued reports about the company. Scotiabank cut their target price on Hudbay Minerals from C$14.00 to C$13.50 and set an “outperform” rating for the company in a research note on Friday, March 28th. Stifel Canada upgraded Hudbay Minerals to a “strong-buy” rating in a research report on Wednesday, March 19th. Stifel Nicolaus boosted their target price on shares of 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. Canaccord Genuity Group lowered their price target on shares of Hudbay Minerals from C$15.50 to C$14.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Finally, Royal Bank of Canada raised their price objective 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. Thirteen research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Hudbay Minerals presently has an average rating of “Buy” and an average price target of C$15.48.

Hudbay Minerals Trading Down 10.8 %

TSE HBM opened at C$8.93 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39. The stock has a market capitalization of C$2.48 billion, a P/E ratio of 25.15, a P/E/G ratio of 3.97 and a beta of 1.83. Hudbay Minerals has a 52-week low of C$8.59 and a 52-week high of C$14.33. The firm has a 50-day moving average price of C$11.37 and a 200 day moving average price of C$11.96.

Insider Buying and Selling at Hudbay Minerals

In other news, Senior Officer Francisco Javier Del Rio Del Aguila sold 12,959 shares of Hudbay Minerals stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of C$12.00, for a total transaction of C$155,508.00. Also, Director Peter Gerald Jan Kukielski acquired 9,300 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was purchased at an average cost of C$10.76 per share, with a total value of C$100,068.00. In the last 90 days, insiders have purchased 11,800 shares of company stock worth $127,418. 0.07% of the stock is owned by 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.