Hudbay Minerals (TSE:HBM) Price Target Raised to C$17.50

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target lifted by National Bankshares from C$16.50 to C$17.50 in a research note released on Thursday,BayStreet.CA reports. They currently have an outperform rating on the mining company’s stock.

Several other equities analysts have also recently commented on HBM. Veritas upgraded Hudbay Minerals to a “strong-buy” rating in a research report on Monday, July 7th. TD Securities boosted their target price on Hudbay Minerals from C$13.00 to C$15.00 and gave the stock a “buy” rating in a research report on Tuesday, June 24th. Scotiabank boosted their target price on Hudbay Minerals from C$14.00 to C$15.50 in a research report on Monday, June 16th. Desjardins boosted their target price on Hudbay Minerals from C$16.00 to C$17.00 and gave the stock a “buy” rating in a research report on Thursday, May 22nd. Finally, Royal Bank Of Canada boosted their target price on Hudbay Minerals from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 4th. Seven analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$16.67.

Hudbay Minerals Price Performance

Shares of TSE HBM opened at C$15.23 on Thursday. Hudbay Minerals has a fifty-two week low of C$8.49 and a fifty-two week high of C$16.69. The stock has a fifty day moving average of C$13.75 and a 200-day moving average of C$12.02. 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 stock has a market cap of C$4.22 billion, a PE ratio of 42.89, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83.

Hudbay Minerals Dividend Announcement

The company also recently disclosed a half year 25 dividend, which will be paid on Friday, September 19th. Stockholders of record on Tuesday, September 2nd will be issued a $0.01 dividend. Hudbay Minerals’s payout ratio is currently 5.63%.

Insider Transactions at Hudbay Minerals

In other news, Senior Officer Mark Zachary Gupta sold 2,874 shares of the company’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of C$13.25, for a total value of C$38,080.50. Also, Director Gregory Paul Dryden sold 30,000 shares of the business’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of C$13.21, for a total value of C$396,204.00. Insiders sold a total of 34,074 shares of company stock valued at $447,953 over the last quarter. Company 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.