Hudbay Minerals Inc. (TSE:HBM) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have earned a consensus recommendation of “Buy” from the fourteen ratings firms that are covering the stock, MarketBeat reports. Twelve equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is C$15.54.

HBM has been the topic of a number of research reports. Stifel Nicolaus raised their target price 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. Jefferies Financial Group raised their target price on Hudbay Minerals from C$14.00 to C$15.00 in a research note on Friday, October 4th. National Bankshares raised their price target on shares of Hudbay Minerals from C$15.50 to C$16.75 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Finally, Scotiabank increased their price target on shares of Hudbay Minerals from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th.

Insider Transactions at Hudbay Minerals

In other Hudbay Minerals news, Senior Officer Robert Alan Carter sold 8,014 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of C$13.24, for a total transaction of C$106,105.36. Insiders own 0.07% of the company’s stock.

Hudbay Minerals Stock Performance

Shares of Hudbay Minerals stock traded up C$0.31 on Thursday, reaching C$12.23. 577,950 shares of the company were exchanged, compared to its average volume of 1,198,629. The firm has a market cap of C$4.81 billion, a price-to-earnings ratio of 33.05, a P/E/G ratio of 3.97 and a beta of 1.83. Hudbay Minerals has a 1-year low of C$6.72 and a 1-year high of C$14.33. The company has a debt-to-equity ratio of 49.37, a quick ratio of 0.85 and a current ratio of 1.87. The company’s 50-day moving average is C$12.32 and its two-hundred day moving average is C$11.82.

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.