Hudbay Minerals (TSE:HBM) PT Raised to C$14.50

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target increased by analysts at Eight Capital from C$12.00 to C$14.50 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The firm presently has a “buy” rating on the mining company’s stock. Eight Capital’s price objective points to a potential upside of 37.44% from the stock’s previous close.

HBM has been the topic of several other research reports. Bank of America lifted their target price on shares of Hudbay Minerals from C$8.50 to C$12.25 in a report on Tuesday, April 9th. Raymond James boosted their price objective on shares of Hudbay Minerals from C$10.50 to C$11.50 and gave the stock an “outperform” rating in a report on Thursday, April 18th. CIBC boosted their price objective on shares of Hudbay Minerals from C$11.00 to C$13.00 and gave the stock an “outperform” rating in a report on Wednesday, April 17th. National Bankshares boosted their price objective on shares of Hudbay Minerals from C$8.50 to C$8.75 and gave the stock a “sector perform” rating in a report on Monday, February 26th. Finally, Canaccord Genuity Group upped their target price on shares of Hudbay Minerals from C$10.50 to C$13.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$10.85.

Hudbay Minerals Stock Performance

HBM stock opened at C$10.55 on Monday. The firm has a 50 day simple moving average of C$9.08 and a 200 day simple moving average of C$7.54. The stock has a market cap of C$3.70 billion, a P/E ratio of 35.17, a P/E/G ratio of 3.97 and a beta of 1.96. Hudbay Minerals has a 52 week low of C$5.46 and a 52 week high of C$11.05. The company has a debt-to-equity ratio of 62.93, a quick ratio of 0.85 and a current ratio of 1.25.

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

Insider Transactions at Hudbay Minerals

In other news, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the company’s stock in a transaction that occurred 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. In other news, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the company’s stock in a transaction that occurred 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. Also, Senior Officer Mark Zachary Gupta sold 4,915 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of C$9.45, for a total transaction of C$46,446.75. 0.07% of the stock is owned by company 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.