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

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) has received an average recommendation of “Buy” from the fourteen brokerages that are covering the stock, Marketbeat.com reports. Twelve equities research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$15.57.

HBM has been the subject of a number of recent analyst reports. National Bankshares boosted their price objective on Hudbay Minerals from C$15.50 to C$16.75 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Stifel Nicolaus boosted their price objective on Hudbay Minerals from C$16.00 to C$16.50 and gave the company a “buy” rating in a research report on Thursday, January 30th.

Insider Buying and Selling at Hudbay Minerals

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

Hudbay Minerals Stock Up 2.1 %

Hudbay Minerals stock opened at C$12.63 on Thursday. The stock has a market capitalization of C$4.97 billion, a PE ratio of 34.14, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83. Hudbay Minerals has a 12 month low of C$6.72 and a 12 month high of C$14.33. The business has a 50 day simple moving average of C$12.29 and a 200-day simple moving average of C$11.80. The company has a debt-to-equity ratio of 49.37, a current ratio of 1.87 and a quick ratio of 0.85.

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.