Jefferies Financial Group Analysts Give Hudbay Minerals (TSE:HBM) a C$13.00 Price Target

Jefferies Financial Group set a C$13.00 target price on Hudbay Minerals (TSE:HBM) (NYSE:HBM) in a research note released on Friday morning, BayStreet.CA reports. The brokerage currently has a hold rating on the mining company’s stock.

Several other research firms have also commented on HBM. Eight Capital increased their target price on shares of Hudbay Minerals from C$12.00 to C$14.50 and gave the company a buy rating in a report on Monday, April 22nd. Scotiabank raised their price objective on Hudbay Minerals from C$10.50 to C$11.00 and gave the company an outperform rating in a research note on Tuesday, February 6th. Canaccord Genuity Group boosted their target price on 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. National Bankshares raised their price target on Hudbay Minerals from C$8.50 to C$8.75 and gave the stock a sector perform rating in a research report on Monday, February 26th. Finally, Stifel Nicolaus set a C$11.25 price target on Hudbay Minerals and gave the stock a buy rating in a research note on Tuesday, March 26th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of C$11.21.

Hudbay Minerals Price Performance

Shares of Hudbay Minerals stock opened at C$11.44 on Friday. The firm has a market capitalization of C$4.02 billion, a PE ratio of 39.45, a price-to-earnings-growth ratio of 3.97 and a beta of 2.02. The company has a current ratio of 1.25, a quick ratio of 0.85 and a debt-to-equity ratio of 62.93. Hudbay Minerals has a 12 month low of C$5.46 and a 12 month high of C$12.06. The business’s 50-day moving average price is C$9.74 and its 200-day moving average price is C$7.83.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its quarterly earnings results on Friday, February 23rd. The mining company reported C$0.27 EPS for the quarter, beating analysts’ consensus estimates of C$0.15 by C$0.12. The business had revenue of C$819.90 million for the quarter, compared to analysts’ expectations of C$710.46 million. Hudbay Minerals had a net margin of 3.93% and a return on equity of 3.68%. Sell-side analysts forecast that Hudbay Minerals will post 0.6911942 EPS for the current fiscal year.

Hudbay Minerals Dividend Announcement

The firm also recently announced a 1 dividend, which was paid on Tuesday, March 5th. Investors of record on Friday, March 22nd were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, March 22nd. This represents a dividend yield of 0.13%. Hudbay Minerals’s dividend payout ratio is presently 6.90%.

Insider Buying and Selling

In other Hudbay Minerals news, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the business’s 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. In related news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$9.45, for a total value of C$46,446.75. Also, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of C$6.01, for a total transaction of C$117,188.99. 0.08% of the stock is currently owned by 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.