Hudbay Minerals (TSE:HBM) Given New C$12.50 Price Target at Scotiabank

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target lifted by Scotiabank from C$12.00 to C$12.50 in a research note released on Tuesday,BayStreet.CA reports. They currently have an outperform rating on the mining company’s stock.

Several other equities research analysts have also recently weighed in on HBM. Desjardins boosted their price target on shares of Hudbay Minerals from C$16.00 to C$17.00 and gave the stock a “buy” rating in a research report on Tuesday. Raymond James boosted their price target on shares of Hudbay Minerals from C$16.00 to C$17.00 in a research report on Friday, April 4th. Jefferies Financial Group boosted their price target on shares of Hudbay Minerals from C$14.00 to C$17.00 in a research report on Friday, April 4th. Royal Bank of Canada boosted their price objective on shares of Hudbay Minerals from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research report on Thursday, March 13th. Finally, Stifel Nicolaus boosted their price objective on shares of 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. Ten equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Hudbay Minerals presently has an average rating of “Buy” and a consensus target price of C$15.67.

Hudbay Minerals Trading Up 3.6%

Shares of HBM opened at C$12.08 on Tuesday. The company’s fifty day moving average is C$10.42 and its 200 day moving average is C$11.60. Hudbay Minerals has a fifty-two week low of C$8.49 and a fifty-two week high of C$14.33. The stock has a market capitalization of C$3.35 billion, a PE ratio of 34.02, a P/E/G ratio of 3.97 and a beta of 1.83. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.85 and a current ratio of 1.86.

Hudbay Minerals Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 21st were issued a $0.01 dividend. This represents a dividend yield of 0.1%. The ex-dividend date was Tuesday, March 4th. Hudbay Minerals’s payout ratio is presently 5.63%.

Insider Transactions at Hudbay Minerals

In other news, Senior Officer Francisco Javier Del Rio Del Aguila sold 12,959 shares of the company’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of C$12.00, for a total value of C$155,508.00. Also, Director Peter Gerald Jan Kukielski purchased 9,300 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was bought at an average price of C$10.76 per share, for a total transaction of C$100,068.00. Over the last ninety days, insiders have purchased 11,800 shares of company stock worth $127,418. 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.