National Bankshares Cuts Hudbay Minerals (TSE:HBM) Price Target to C$15.50

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price reduced by National Bankshares from C$17.00 to C$15.50 in a report released on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the mining company’s stock.

A number of other research firms have also recently commented on HBM. TD Securities lowered their target price on shares of Hudbay Minerals from C$15.00 to C$14.00 and set a “buy” rating for the company in a research note on Thursday. Canaccord Genuity Group lowered their price objective on shares of Hudbay Minerals from C$15.50 to C$14.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Stifel Nicolaus upped their target price on 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. Thirteen analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Hudbay Minerals currently has a consensus rating of “Buy” and an average price target of C$15.12.

Hudbay Minerals Price Performance

TSE HBM opened at C$10.10 on Thursday. The firm’s fifty day simple moving average is C$12.22 and its two-hundred day simple moving average is C$11.89. The firm has a market capitalization 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 current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 46.39. Hudbay Minerals has a 12-month low of C$7.07 and a 12-month high of C$14.33.

Insider Buying and Selling

In related news, Senior Officer Robert Alan Carter sold 8,014 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of C$13.24, for a total transaction of C$106,105.36. 0.07% of the stock is owned by insiders.

Hudbay Minerals Company Profile

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.