Shares of Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) have received an average recommendation of “Buy” from the eleven research firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$10.80.
Several analysts have issued reports on HBM shares. National Bank Financial cut their target price on Hudbay Minerals from C$11.25 to C$9.50 in a research note on Saturday, July 14th. CIBC cut their target price on Hudbay Minerals from C$10.00 to C$9.00 in a research note on Monday, November 5th. Raymond James set a C$9.00 target price on Hudbay Minerals in a research note on Friday, October 5th. Eight Capital cut their target price on Hudbay Minerals from C$13.00 to C$10.00 and set a “c$6.79” rating for the company in a research note on Monday, July 23rd. Finally, CSFB cut their target price on Hudbay Minerals from C$13.00 to C$10.50 and set a “c$6.86” rating for the company in a research note on Thursday, July 19th.
HBM traded down C$0.09 during midday trading on Monday, hitting C$6.54. The stock had a trading volume of 1,689,400 shares, compared to its average volume of 1,777,975. The company has a quick ratio of 1.67, a current ratio of 2.15 and a debt-to-equity ratio of 48.75. Hudbay Minerals has a 1 year low of C$4.51 and a 1 year high of C$12.65.
In related news, Director Carin Shirley Knickel acquired 15,000 shares of the stock in a transaction on Monday, September 24th. The stock was purchased at an average price of C$5.05 per share, for a total transaction of C$75,750.00. Also, Director William Warren Holmes acquired 10,000 shares of the stock in a transaction on Wednesday, August 22nd. The stock was bought at an average price of C$6.24 per share, with a total value of C$62,400.00. Insiders acquired 81,600 shares of company stock valued at $425,384 in the last quarter.
Hudbay Minerals Company Profile
Hudbay Minerals Inc, an integrated mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; and zinc metal. The company owns four polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru; and a copper project in Arizona, the United States.
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