Hudbay Minerals (TSE:HBM) Given New C$17.00 Price Target at Royal Bank of Canada

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price upped by Royal Bank of Canada from C$16.00 to C$17.00 in a research report released on Wednesday morning,BayStreet.CA reports. The firm currently has an outperform rating on the mining company’s stock.

HBM has been the topic of a number of other research reports. TD Securities dropped their price objective on shares of Hudbay Minerals from C$15.00 to C$14.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Desjardins raised their price target on shares of Hudbay Minerals from C$16.00 to C$17.00 and gave the company a “buy” rating in a research report on Thursday, May 22nd. Stifel Canada raised shares of Hudbay Minerals to a “strong-buy” rating in a report on Wednesday, March 19th. Jefferies Financial Group increased their target price on shares of Hudbay Minerals from C$14.00 to C$17.00 in a research note on Friday, April 4th. Finally, BMO Capital Markets upgraded Hudbay Minerals to a “strong-buy” rating in a research report on Tuesday, April 15th. Nine research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$15.67.

Hudbay Minerals Price Performance

TSE:HBM opened at C$12.82 on Wednesday. The firm’s fifty day moving average is C$10.72 and its two-hundred day moving average is C$11.52. The firm has a market cap of C$3.56 billion, a price-to-earnings ratio of 36.10, a PEG ratio of 3.97 and a beta of 1.83. 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 one year low of C$8.49 and a one year high of C$13.94.

Insider Buying and Selling

In other news, Senior Officer Francisco Javier Del Rio Del Aguila sold 12,959 shares of Hudbay Minerals stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of C$12.00, for a total value of C$155,508.00. Insiders own 0.07% of the company’s stock.

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.