Hudbay Minerals (TSE:HBM) Price Target Raised to C$20.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target raised by Stifel Nicolaus from C$17.00 to C$20.00 in a research report report published on Thursday,BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the mining company’s stock.

Other equities research analysts have also recently issued reports about the company. Raymond James Financial raised Hudbay Minerals to a “moderate buy” rating in a report on Monday, June 30th. TD Securities raised their price target on Hudbay Minerals from C$13.00 to C$15.00 and gave the company a “buy” rating in a report on Tuesday, June 24th. Desjardins raised their price target on Hudbay Minerals from C$16.00 to C$17.00 and gave the company a “buy” rating in a report on Thursday, May 22nd. Scotiabank raised their price target on Hudbay Minerals from C$14.00 to C$15.50 in a report on Monday, June 16th. Finally, National Bankshares raised their price target on Hudbay Minerals from C$16.50 to C$17.50 and gave the company an “outperform” rating in a report on Thursday. Seven research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Hudbay Minerals has a consensus rating of “Buy” and an average target price of C$16.67.

Hudbay Minerals Price Performance

TSE:HBM opened at C$15.23 on Thursday. 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 business’s 50-day simple moving average is C$13.75 and its two-hundred day simple moving average is C$12.02. The stock has a market cap of C$4.22 billion, a PE ratio of 42.89, a P/E/G ratio of 3.97 and a beta of 1.83. Hudbay Minerals has a 52 week low of C$8.49 and a 52 week high of C$16.69.

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 given a dividend of $0.01 per share. Hudbay Minerals’s payout ratio is 5.63%.

Insider Transactions at Hudbay Minerals

In other Hudbay Minerals news, Senior Officer Mark Zachary Gupta sold 2,874 shares of the business’s stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of C$13.25, for a total transaction of C$38,080.50. Also, Director Gregory Paul Dryden sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of C$13.21, for a total value of C$396,204.00. In the last 90 days, insiders have sold 34,074 shares of company stock valued at $447,953. Company 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.