TD Securities Issues Pessimistic Forecast for Hudbay Minerals (TSE:HBM) Stock Price

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target reduced by investment analysts at TD Securities from C$15.00 to C$14.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the mining company’s stock. TD Securities’ price target suggests a potential upside of 28.32% from the stock’s current price.

HBM has been the subject of several other reports. Stifel Nicolaus raised their price objective on shares of Hudbay Minerals from C$16.00 to C$16.50 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Canaccord Genuity Group cut their price objective on Hudbay Minerals from C$15.50 to C$14.00 and set a “buy” rating on the stock in a report on Thursday. Thirteen analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$15.12.

Hudbay Minerals Stock Down 0.9 %

Shares of TSE HBM traded down C$0.10 during mid-day trading on Thursday, hitting C$10.91. The company had a trading volume of 2,063,651 shares, compared to its average volume of 1,586,581. The company has a market capitalization of C$3.03 billion, a PE ratio of 30.72, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83. The firm has a 50-day simple moving average of C$12.33 and a two-hundred day simple moving average of C$11.90. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 46.39. Hudbay Minerals has a one year low of C$7.07 and a one year high of C$14.33.

Insider Buying and Selling at Hudbay Minerals

In related 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. Company insiders own 0.07% of the company’s stock.

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.