National Bankshares Reiterates C$14.50 Price Target for Hudbay Minerals (TSE:HBM)

Hudbay Minerals (TSE:HBM) (NYSE:HBM) received a C$14.50 price objective from investment analysts at National Bankshares in a report released on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the mining company’s stock. National Bankshares’ price objective suggests a potential upside of 7.73% from the stock’s current price.

Other research analysts also recently issued reports about the stock. Desjardins upped their target price on shares of Hudbay Minerals from C$16.00 to C$17.00 and gave the company a “buy” rating in a research report on Thursday, May 22nd. Scotiabank upped their target price on shares of Hudbay Minerals from C$14.00 to C$15.50 in a research report on Monday, June 16th. Royal Bank Of Canada upped their target price on shares of Hudbay Minerals from C$16.00 to C$17.00 and gave the company an “outperform” rating in a research report on Wednesday, June 4th. BMO Capital Markets upgraded shares of Hudbay Minerals to a “strong-buy” rating in a research report on Tuesday, April 15th. Finally, Raymond James Financial lifted their price objective on shares of Hudbay Minerals from C$16.00 to C$17.00 in a research note on Friday, April 4th. Eight analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$16.05.

Hudbay Minerals Price Performance

Shares of HBM stock opened at C$13.46 on Tuesday. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 46.39. Hudbay Minerals has a 1 year low of C$8.49 and a 1 year high of C$13.94. The firm has a market capitalization of C$3.73 billion, a price-to-earnings ratio of 37.90, a PEG ratio of 3.97 and a beta of 1.83. The firm’s 50 day moving average is C$11.79 and its 200-day moving average is C$11.60.

Insider Buying and Selling at Hudbay Minerals

In other Hudbay Minerals news, Director Gregory Paul Dryden sold 30,000 shares of Hudbay Minerals stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of C$13.21, for a total value of C$396,204.00. Also, Senior Officer Mark Zachary Gupta sold 2,874 shares of Hudbay Minerals stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of C$13.25, for a total transaction of C$38,080.50. Over the last quarter, insiders have sold 34,074 shares of company stock valued at $447,953. 0.07% of the stock is currently owned by corporate insiders.

About Hudbay Minerals

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.