Shares of Hudbay Minerals Inc. (TSE:HBM – Get Free Report) (NYSE:HBM) hit a new 52-week high on Thursday after Raymond James raised their price target on the stock from C$11.50 to C$14.00. The stock traded as high as C$11.20 and last traded at C$10.99, with a volume of 1722333 shares trading hands. The stock had previously closed at C$10.60.
A number of other analysts also recently weighed in on the company. Eight Capital lifted their price target on Hudbay Minerals from C$12.00 to C$14.50 and gave the company a “buy” rating in a research note on Monday. CIBC lifted their price target on Hudbay Minerals from C$11.00 to C$13.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. Bank of America lifted their price target on Hudbay Minerals from C$8.50 to C$12.25 in a research note on Tuesday, April 9th. Stifel Nicolaus set a C$11.25 price objective on Hudbay Minerals and gave the stock a “buy” rating in a report on Tuesday, March 26th. Finally, National Bankshares lifted their price objective on 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. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$11.06.
Check Out Our Latest Stock Report on HBM
Insider Transactions at Hudbay Minerals
Hudbay Minerals Stock Performance
The stock has a 50-day simple moving average of C$9.15 and a 200-day simple moving average of C$7.56. The company has a debt-to-equity ratio of 62.93, a current ratio of 1.25 and a quick ratio of 0.85. The stock has a market cap of C$3.89 billion, a PE ratio of 37.00, a P/E/G ratio of 3.97 and a beta of 1.96.
Hudbay Minerals (TSE:HBM – Get Free Report) (NYSE:HBM) last posted its quarterly earnings results on Friday, February 23rd. The mining company reported C$0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.15 by C$0.12. Hudbay Minerals had a return on equity of 3.68% and a net margin of 3.93%. The firm had revenue of C$819.90 million during the quarter, compared to the consensus estimate of C$710.46 million. Equities analysts predict that Hudbay Minerals Inc. will post 0.681388 earnings per share for the current fiscal year.
Hudbay Minerals Dividend Announcement
The business also recently announced a 1 dividend, which was paid on Tuesday, March 5th. Stockholders of record on Friday, March 22nd were given a $0.02 dividend. This represents a dividend yield of 0.13%. The ex-dividend date of this dividend was Friday, March 22nd. Hudbay Minerals’s payout ratio is 6.67%.
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.
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