Scotiabank Cuts Hudbay Minerals (TSE:HBM) Price Target to C$14.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price lowered by Scotiabank from C$15.50 to C$14.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the mining company’s stock.

Other equities research analysts also recently issued reports about the company. TD Securities dropped their target price on Hudbay Minerals from C$15.00 to C$14.00 and set a “buy” rating on the stock in a report on Thursday. Stifel Nicolaus lifted 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 note on Thursday, January 30th. National Bankshares reduced their target price on shares of Hudbay Minerals from C$17.00 to C$15.50 and set an “outperform” rating on the stock in a research report on Thursday. Finally, 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 for the company in a report on Thursday. Thirteen investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$15.12.

Hudbay Minerals Price Performance

HBM opened at C$10.10 on Thursday. Hudbay Minerals has a 52-week low of C$7.07 and a 52-week high of C$14.33. The company has a 50 day moving average of C$12.22 and a two-hundred day moving average of C$11.89. The company has a market cap of C$2.80 billion, a P/E ratio of 28.44, a P/E/G ratio of 3.97 and a beta of 1.83. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39.

Insider Transactions at Hudbay Minerals

In other news, Senior Officer Robert Alan Carter sold 8,014 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of C$13.24, for a total transaction of C$106,105.36. 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.