TD Securities Issues Pessimistic Forecast for Hudbay Minerals (TSE:HBM) Stock Price

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price decreased by stock analysts at TD Securities from C$15.00 to C$14.00 in a report released on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the mining company’s stock. TD Securities’ price objective would suggest a potential upside of 28.32% from the stock’s current price.

A number of other research firms also recently commented on HBM. Stifel Nicolaus lifted their price objective on shares of Hudbay Minerals from C$16.00 to C$16.50 and gave the stock a “buy” rating in a report on Thursday, January 30th. 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. Thirteen analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Hudbay Minerals presently has a consensus rating of “Buy” and an average price target of C$15.12.

Hudbay Minerals Price Performance

TSE HBM traded down C$0.10 during trading hours on Thursday, reaching C$10.91. The company’s stock had a trading volume of 2,063,651 shares, compared to its average volume of 1,586,581. Hudbay Minerals has a fifty-two week low of C$7.07 and a fifty-two week high of C$14.33. The stock has a market cap of C$3.03 billion, a PE ratio of 30.72, a PEG ratio of 3.97 and a beta of 1.83. The company’s 50-day moving average is C$12.33 and its two-hundred day moving average is C$11.90. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.85 and a current ratio of 1.86.

Insider Transactions at Hudbay Minerals

In related news, Senior Officer Robert Alan Carter sold 8,014 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of C$13.24, for a total value of C$106,105.36. 0.07% of the stock is currently owned by company insiders.

Hudbay Minerals Company Profile

Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.