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

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price increased by Desjardins from C$16.00 to C$17.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the mining company’s stock. Desjardins’ target price would suggest a potential upside of 40.61% from the company’s previous close.

A number of other research analysts have also commented on HBM. Raymond James upped their price objective on Hudbay Minerals from C$16.00 to C$17.00 in a report on Friday, April 4th. 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 report on Thursday, January 30th. Canaccord Genuity Group decreased their price target on shares of Hudbay Minerals from C$15.50 to C$14.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Scotiabank increased their target price on Hudbay Minerals from C$12.00 to C$12.50 and gave the company an “outperform” rating in a research report on Tuesday, May 13th. Finally, National Bankshares cut their price target on shares of Hudbay Minerals from C$15.50 to C$14.50 and set an “outperform” rating on the stock in a report on Wednesday, April 16th. Ten equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$15.54.

Hudbay Minerals Stock Up 3.1%

TSE:HBM opened at C$12.09 on Thursday. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.85 and a current ratio of 1.86. Hudbay Minerals has a 52-week low of C$8.49 and a 52-week high of C$13.94. The stock has a 50-day simple moving average of C$10.59 and a 200 day simple moving average of C$11.52. The company has a market cap of C$3.35 billion, a PE ratio of 34.05, a PEG ratio of 3.97 and a beta of 1.83.

Insider Buying and Selling

In related news, Senior Officer Francisco Javier Del Rio Del Aguila sold 12,959 shares of Hudbay Minerals stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of C$12.00, for a total transaction of C$155,508.00. 0.07% of the stock is owned by insiders.

Hudbay Minerals Company Profile

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.