Canaccord Genuity Group Cuts Hudbay Minerals (TSE:HBM) Price Target to C$14.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price trimmed by Canaccord Genuity Group from C$15.50 to C$14.00 in a report released on Thursday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the mining company’s stock.

Separately, Stifel Nicolaus lifted their price target 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. Thirteen research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$15.12.

Hudbay Minerals Price Performance

Shares of HBM stock opened at C$10.10 on Thursday. The firm has a market cap of C$2.80 billion, a price-to-earnings ratio of 28.44, a PEG ratio of 3.97 and a beta of 1.83. Hudbay Minerals has a 12 month low of C$7.07 and a 12 month high of C$14.33. 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 50-day moving average price of C$12.22 and a 200 day moving average price of C$11.89.

Insider Transactions at Hudbay Minerals

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

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.