Scotiabank Increases Hudbay Minerals (TSE:HBM) Price Target to C$17.00

Hudbay Minerals (TSE:HBMFree Report) (NYSE:HBM) had its price target increased by Scotiabank from C$15.00 to C$17.00 in a report issued on Thursday morning, BayStreet.CA reports.

Other analysts also recently issued reports about the stock. Haywood Securities boosted their target price on shares of Hudbay Minerals from C$13.00 to C$16.00 in a report on Thursday, May 16th. Jefferies Financial Group set a C$13.00 target price on shares of Hudbay Minerals and gave the stock a hold rating in a report on Friday, May 3rd. BMO Capital Markets boosted their target price on shares of Hudbay Minerals from C$15.00 to C$17.00 and gave the stock an outperform rating in a report on Tuesday, May 21st. CIBC dropped their target price on shares of Hudbay Minerals from C$15.50 to C$14.50 and set an outperform rating on the stock in a report on Monday, May 27th. Finally, Canaccord Genuity Group boosted their target price on shares of Hudbay Minerals from C$13.00 to C$16.00 and gave the stock a buy rating in a report on Monday, May 13th. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Hudbay Minerals has an average rating of Moderate Buy and a consensus target price of C$14.30.

View Our Latest Analysis on HBM

Hudbay Minerals Trading Down 0.6 %

Shares of TSE:HBM opened at C$13.30 on Thursday. The company has a current ratio of 1.40, a quick ratio of 0.85 and a debt-to-equity ratio of 62.72. The company has a 50 day moving average of C$11.47 and a 200-day moving average of C$8.79. Hudbay Minerals has a twelve month low of C$5.46 and a twelve month high of C$14.33. The firm has a market cap of C$5.23 billion, a P/E ratio of 40.30, a P/E/G ratio of 3.97 and a beta of 1.96.

Hudbay Minerals Announces Dividend

The company also recently declared a 1 dividend, which was paid on Tuesday, March 5th. Stockholders of record on Friday, March 22nd were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, March 22nd. This represents a dividend yield of 0.13%. Hudbay Minerals’s dividend payout ratio is currently 6.06%.

Insider Buying and Selling at Hudbay Minerals

In other Hudbay Minerals news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of C$9.45, for a total value of C$46,446.75. In other Hudbay Minerals news, Director Gregory Paul Dryden sold 26,625 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of C$10.23, for a total value of C$272,496.23. Also, Senior Officer Mark Zachary Gupta sold 4,915 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of C$9.45, for a total transaction of C$46,446.75. In the last quarter, insiders have sold 56,913 shares of company stock worth $512,494. 0.08% of the stock is currently owned by company insiders.

Hudbay Minerals Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Hudbay Minerals (TSE:HBM)

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