Hudbay Minerals (TSE:HBM) PT Raised to C$13.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price objective hoisted by analysts at Canaccord Genuity Group from C$10.50 to C$13.00 in a report issued on Wednesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the mining company’s stock. Canaccord Genuity Group’s target price would suggest a potential upside of 19.82% from the company’s previous close.

Several other research firms have also commented on HBM. BMO Capital Markets lowered their price target on shares of Hudbay Minerals from C$9.50 to C$8.50 and set an “outperform” rating on the stock in a report on Friday, December 22nd. Stifel Nicolaus set a C$11.25 price target on shares of Hudbay Minerals and gave the company a “buy” rating in a report on Tuesday, March 26th. National Bankshares upped their price target on shares of Hudbay Minerals from C$8.50 to C$8.75 and gave the company a “sector perform” rating in a report on Monday, February 26th. Bank of America upped their price target on shares of Hudbay Minerals from C$8.50 to C$12.25 in a report on Tuesday, April 9th. Finally, CIBC upped their price target on shares of Hudbay Minerals from C$11.00 to C$13.00 and gave the company an “outperform” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$10.48.

Hudbay Minerals Price Performance

Shares of HBM opened at C$10.85 on Wednesday. The firm has a market capitalization of C$3.81 billion, a PE ratio of 36.17, a price-to-earnings-growth ratio of 3.97 and a beta of 1.96. The company has a debt-to-equity ratio of 62.93, a current ratio of 1.25 and a quick ratio of 0.85. Hudbay Minerals has a 1-year low of C$5.46 and a 1-year high of C$11.05. The company’s fifty day moving average price is C$8.86 and its 200-day moving average price is C$7.43.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its quarterly earnings data on Friday, February 23rd. The mining company reported C$0.27 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.15 by C$0.12. The firm had revenue of C$819.90 million for 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%. On average, equities research analysts predict that Hudbay Minerals will post 0.681388 EPS for the current year.

Insider Transactions at Hudbay Minerals

In related news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the company’s stock in a transaction dated 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 the company’s stock in a transaction dated 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 the company’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. Corporate insiders own 0.07% of the company’s stock.

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.