Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) has been given an average rating of “Hold” by the nine ratings firms that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$10.28.

HBM has been the topic of a number of recent research reports. National Bank Financial downgraded Detour Gold to a “hold” rating in a research note on Friday, June 28th. Canaccord Genuity lowered their target price on Trevali Mining from C$0.75 to C$0.65 in a research note on Monday, April 15th. Raymond James set a $31.00 target price on Mylan and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Eight Capital downgraded Hudbay Minerals from a “buy” rating to a “neutral” rating and lowered their target price for the stock from C$12.00 to C$11.00 in a research note on Tuesday, May 7th. Finally, CIBC upgraded Crescent Point Energy from a “neutral” rating to a “sector outperform” rating in a research note on Thursday, May 9th.

Hudbay Minerals stock traded up C$0.43 during trading hours on Friday, hitting C$7.14. 2,343,100 shares of the stock traded hands, compared to its average volume of 1,264,721. The company has a debt-to-equity ratio of 49.18, a current ratio of 2.64 and a quick ratio of 2.09. The firm’s 50 day moving average price is C$6.85. The firm has a market capitalization of $1.87 billion and a PE ratio of 61.03. Hudbay Minerals has a 1 year low of C$4.51 and a 1 year high of C$10.42.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted its quarterly earnings results on Monday, May 6th. The mining company reported C$0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.01 by C$0.03. The firm had revenue of C$388.58 million for the quarter, compared to analysts’ expectations of C$423.44 million. Sell-side analysts expect that Hudbay Minerals will post 0.32 earnings per share for the current year.

In related news, insider Waterton Global Resource Management, Inc. bought 500,000 shares of the stock in a transaction dated Wednesday, July 10th. The shares were purchased at an average price of C$6.57 per share, for a total transaction of C$3,284,358.00. Following the completion of the purchase, the insider now directly owns 17,324,844 shares of the company’s stock, valued at C$113,801,979.98.

About Hudbay Minerals

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 three polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru; and copper projects in Arizona and Nevada, the United States.

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Analyst Recommendations for Hudbay Minerals (TSE:HBM)

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