Scotiabank Cuts Hudbay Minerals (TSE:HBM) Price Target to C$14.50

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price cut by Scotiabank from C$17.00 to C$14.50 in a research report report published on Monday morning, BayStreet.CA reports.

HBM has been the topic of several other research reports. National Bank Financial raised shares of Hudbay Minerals from a hold rating to a strong-buy rating in a research report on Tuesday, May 14th. CIBC raised their price target on Hudbay Minerals from C$14.50 to C$15.50 and gave the stock an outperform rating in a report on Thursday, June 20th. Royal Bank of Canada boosted their price objective on Hudbay Minerals from C$11.00 to C$17.00 and gave the company an outperform rating in a research note on Wednesday, May 15th. BMO Capital Markets raised their target price on Hudbay Minerals from C$15.00 to C$17.00 and gave the stock an outperform rating in a research note on Tuesday, May 21st. Finally, National Bankshares lowered their price target on shares of Hudbay Minerals from C$17.00 to C$15.50 and set an outperform rating on the stock in a report on Wednesday, August 14th. Twelve research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Buy and an average target price of C$15.41.

Hudbay Minerals Trading Up 0.8 %

TSE:HBM opened at C$10.87 on Monday. The firm’s 50 day moving average is C$11.56 and its 200 day moving average is C$10.71. Hudbay Minerals has a 12 month low of C$5.46 and a 12 month high of C$14.33. The stock has a market capitalization of C$4.28 billion, a PE ratio of 32.94, a price-to-earnings-growth ratio of 3.97 and a beta of 1.84. The company has a current ratio of 1.40, a quick ratio of 0.85 and a debt-to-equity ratio of 62.72.

Hudbay Minerals Dividend Announcement

The business also recently announced a 1 dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, January 1st will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, September 20th. Hudbay Minerals’s dividend payout ratio is presently 6.06%.

Insider Activity

In other Hudbay Minerals news, Senior Officer Peter Adamek sold 5,874 shares of the firm’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of C$13.00, for a total value of C$76,362.00. Insiders own 0.07% of the company’s stock.

About Hudbay Minerals

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.