Hudbay Minerals (TSE:HBM) PT Raised to C$16.50 at National Bankshares

Hudbay Minerals (TSE:HBMGet Free Report) (NYSE:HBM) had its price objective hoisted by research analysts at National Bankshares from C$15.50 to C$16.50 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The firm currently has an “outperform” rating on the mining company’s stock. National Bankshares’ target price indicates a potential upside of 29.62% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the stock. National Bank Financial upgraded shares of Hudbay Minerals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 14th. Stifel Nicolaus upped their price target on shares of Hudbay Minerals from C$12.50 to C$15.00 in a report on Thursday, May 30th. CIBC cut their price objective on Hudbay Minerals from C$15.50 to C$14.50 and set an “outperform” rating on the stock in a report on Monday, May 27th. BMO Capital Markets boosted their price objective on Hudbay Minerals from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 21st. Finally, Royal Bank of Canada increased their target price on Hudbay Minerals from C$11.00 to C$17.00 and gave the company an “outperform” rating in a research report on Wednesday, May 15th. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$14.36.

Check Out Our Latest Stock Analysis on Hudbay Minerals

Hudbay Minerals Price Performance

Shares of HBM stock traded up C$0.23 during trading hours on Monday, reaching C$12.73. The company’s stock had a trading volume of 544,324 shares, compared to its average volume of 1,504,805. The company has a quick ratio of 0.85, a current ratio of 1.40 and a debt-to-equity ratio of 62.72. Hudbay Minerals has a fifty-two week low of C$5.46 and a fifty-two week high of C$14.33. The company has a market capitalization of C$5.01 billion, a price-to-earnings ratio of 38.42, a PEG ratio of 3.97 and a beta of 1.96. The firm’s 50 day simple moving average is C$11.80 and its 200-day simple moving average is C$9.04.

Hudbay Minerals (TSE:HBMGet Free Report) (NYSE:HBM) last released its earnings results on Tuesday, May 14th. The mining company reported C$0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.04 by C$0.18. The firm had revenue of C$707.76 million for the quarter, compared to analysts’ expectations of C$635.57 million. Hudbay Minerals had a return on equity of 4.36% and a net margin of 4.34%. Sell-side analysts forecast that Hudbay Minerals will post 0.7249725 earnings per share for the current year.

Insider Buying and Selling at Hudbay Minerals

In other news, Director Gregory Paul Dryden sold 26,625 shares of Hudbay Minerals stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of C$10.23, for a total value of C$272,496.23. In other Hudbay Minerals news, Senior Officer Peter Adamek sold 5,874 shares of the firm’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of C$13.00, for a total value of C$76,362.00. Also, Director Gregory Paul Dryden sold 26,625 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of C$10.23, for a total transaction of C$272,496.23. Over the last quarter, insiders have sold 37,414 shares of company stock valued at $395,305. 0.08% of the stock is currently owned by insiders.

About Hudbay Minerals

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Hudbay Minerals (TSE:HBM)

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