Hudbay Minerals (TSE:HBM) Price Target Raised to C$12.50

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target boosted by Scotiabank from C$12.00 to C$12.50 in a research report released on Tuesday,BayStreet.CA reports. Scotiabank currently has an outperform rating on the mining company’s stock.

Other research analysts have also recently issued research reports about the stock. Stifel Canada raised shares of Hudbay Minerals to a “strong-buy” rating in a report on Wednesday, March 19th. TD Securities decreased their target price on Hudbay Minerals from C$15.00 to C$14.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Canaccord Genuity Group lowered their price target on Hudbay Minerals from C$15.50 to C$14.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Stifel Nicolaus boosted their price objective on Hudbay Minerals from C$16.00 to C$16.50 and gave the stock a “buy” rating in a report on Thursday, January 30th. Finally, BMO Capital Markets upgraded shares of Hudbay Minerals to a “strong-buy” rating in a research report on Tuesday, April 15th. Ten equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$15.67.

Hudbay Minerals Stock Performance

Hudbay Minerals stock opened at C$11.65 on Tuesday. Hudbay Minerals has a 1-year low of C$8.49 and a 1-year high of C$14.33. 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 firm has a market capitalization of C$3.23 billion, a PE ratio of 32.81, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83. The firm’s 50 day simple moving average is C$10.50 and its 200 day simple moving average is C$11.58.

Hudbay Minerals Announces Dividend

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

Insider Buying and Selling at Hudbay Minerals

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

Hudbay Minerals Company Profile

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.