Royal Bank of Canada Has Lowered Expectations for Hudbay Minerals (TSE:HBM) Stock Price

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price decreased by Royal Bank of Canada from C$16.00 to C$15.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the mining company’s stock.

Other analysts have also issued research reports about the stock. Canaccord Genuity Group cut their target price on shares of Hudbay Minerals from C$15.50 to C$14.00 and set a “buy” rating on the stock in a research report on Thursday. TD Securities cut their price target on shares of Hudbay Minerals from C$15.00 to C$14.00 and set a “buy” rating on the stock in a report on Thursday. Scotiabank cut their price target on shares of Hudbay Minerals from C$15.50 to C$14.00 and set an “outperform” rating on the stock in a report on Thursday. National Bankshares cut their price target on shares of Hudbay Minerals from C$17.00 to C$15.50 and set an “outperform” rating on the stock in a report on Thursday. Finally, Stifel Nicolaus lifted their price target on shares of Hudbay Minerals from C$16.00 to C$16.50 and gave the stock a “buy” rating in a report on Thursday, January 30th. Thirteen analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Hudbay Minerals presently has a consensus rating of “Buy” and a consensus price target of C$15.12.

Hudbay Minerals Stock Performance

Shares of Hudbay Minerals stock opened at C$10.78 on Thursday. Hudbay Minerals has a fifty-two week low of C$7.07 and a fifty-two week high of C$14.33. The company has a debt-to-equity ratio of 46.39, a current ratio of 1.86 and a quick ratio of 0.85. The firm has a market capitalization of C$2.99 billion, a P/E ratio of 30.36, a P/E/G ratio of 3.97 and a beta of 1.83. The company’s 50 day moving average price is C$12.27 and its two-hundred day moving average price is C$11.89.

Insider Buying and Selling

In related news, Senior Officer Robert Alan Carter sold 8,014 shares of Hudbay Minerals stock in a transaction 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. 0.07% of the stock is owned by insiders.

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.