Hudbay Minerals (TSE:HBM) Price Target Increased to C$11.50 by Analysts at Raymond James

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target lifted by Raymond James from C$10.50 to C$11.50 in a report published on Thursday, BayStreet.CA reports. Raymond James currently has an outperform rating on the mining company’s stock.

A number of other equities research analysts also recently commented on the stock. BMO Capital Markets cut their target price on shares of Hudbay Minerals from C$9.50 to C$8.50 and set an outperform rating for the company in a research report on Friday, December 22nd. CIBC lifted their target price on shares of Hudbay Minerals from C$11.00 to C$13.00 and gave the stock an outperform rating in a research report on Wednesday. Scotiabank lifted their target price on shares of Hudbay Minerals from C$10.50 to C$11.00 and gave the stock an outperform rating in a research report on Tuesday, February 6th. Bank of America lifted their target price on shares of Hudbay Minerals from C$8.50 to C$12.25 in a research report on Tuesday, April 9th. Finally, Stifel Nicolaus set a C$11.25 target price on shares of Hudbay Minerals and gave the stock a buy rating in a research report on Tuesday, March 26th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of C$10.48.

Hudbay Minerals Price Performance

Shares of HBM opened at C$10.85 on Thursday. The company has a market capitalization of C$3.81 billion, a P/E ratio of 36.17, a price-to-earnings-growth ratio of 3.97 and a beta of 1.96. The company has a quick ratio of 0.85, a current ratio of 1.25 and a debt-to-equity ratio of 62.93. The firm has a 50 day moving average of C$8.86 and a 200 day moving average of C$7.43. Hudbay Minerals has a twelve month low of C$5.46 and a twelve month high of C$11.05.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its quarterly earnings results on Friday, February 23rd. The mining company reported C$0.27 earnings per share for the quarter, beating the consensus estimate of C$0.15 by C$0.12. The company had revenue of C$819.90 million during the quarter, compared to the consensus estimate of C$710.46 million. Hudbay Minerals had a net margin of 3.93% and a return on equity of 3.68%. As a group, equities research analysts anticipate that Hudbay Minerals will post 0.681388 earnings per share for the current fiscal year.

Hudbay Minerals Announces Dividend

The firm also recently disclosed a 1 dividend, which was paid on Tuesday, March 5th. Stockholders of record on Friday, March 22nd were given a dividend of $0.02 per share. This represents a dividend yield of 0.13%. The ex-dividend date was Friday, March 22nd. Hudbay Minerals’s payout ratio is 6.67%.

Insider Activity at Hudbay Minerals

In related news, Senior Officer Mark Zachary Gupta sold 4,915 shares of Hudbay Minerals stock in a transaction 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 related news, Senior Officer Mark Zachary Gupta sold 4,915 shares of Hudbay Minerals stock in a transaction 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. Also, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of Hudbay Minerals stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of C$6.01, for a total transaction of C$117,188.99. 0.07% of the stock is owned by corporate insiders.

Hudbay Minerals Company Profile

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.