Desjardins Boosts Hudbay Minerals (TSE:HBM) Price Target to C$17.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target raised by analysts at Desjardins from C$16.00 to C$17.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the mining company’s stock. Desjardins’ target price would indicate a potential upside of 43.22% from the stock’s previous close.

Several other research analysts also recently weighed in on the company. Canaccord Genuity Group lowered their target price on Hudbay Minerals from C$15.50 to C$14.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Scotiabank lowered their price objective on shares of Hudbay Minerals from C$14.00 to C$13.50 and set an “outperform” rating on the stock in a research report on Friday, March 28th. Stifel Nicolaus boosted 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. Raymond James raised their target price on shares of Hudbay Minerals from C$16.00 to C$17.00 in a research note on Friday, April 4th. Finally, Stifel Canada upgraded shares of Hudbay Minerals to a “strong-buy” rating in a research note on Wednesday, March 19th. Ten investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Hudbay Minerals presently has a consensus rating of “Buy” and an average price target of C$15.67.

Hudbay Minerals Trading Down 1.7%

Shares of Hudbay Minerals stock opened at C$11.87 on Tuesday. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.85 and a current ratio of 1.86. The company has a market capitalization of C$3.29 billion, a P/E ratio of 33.43, a PEG ratio of 3.97 and a beta of 1.83. Hudbay Minerals has a 1 year low of C$8.49 and a 1 year high of C$14.33. The company’s fifty day moving average is C$10.46 and its two-hundred day moving average is C$11.59.

Insider Buying and Selling at Hudbay Minerals

In other Hudbay Minerals news, Senior Officer Francisco Javier Del Rio Del Aguila sold 12,959 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of C$12.00, for a total transaction of C$155,508.00. Also, Director Peter Gerald Jan Kukielski purchased 9,300 shares of the company’s stock in a transaction on Friday, February 21st. The shares were bought at an average cost of C$10.76 per share, with a total value of C$100,068.00. Over the last 90 days, insiders have bought 11,800 shares of company stock valued at $127,418. Insiders own 0.07% of the company’s stock.

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.