Hudbay Minerals (TSE:HBM – Free Report) (NYSE:HBM) had its target price upped by Eight Capital from C$12.00 to C$14.50 in a research note issued to investors on Monday morning, BayStreet.CA reports. They currently have a buy rating on the mining company’s stock.
Several other brokerages also recently commented on HBM. Canaccord Genuity Group increased their price target on Hudbay Minerals from C$10.50 to C$13.00 and gave the company a buy rating in a report on Wednesday, April 17th. 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. Scotiabank upped their price target on shares of Hudbay Minerals from C$10.50 to C$11.00 and gave the company an outperform rating in a report on Tuesday, February 6th. 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 research note on Monday, February 26th. Finally, CIBC increased their target price 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. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Hudbay Minerals has an average rating of Moderate Buy and an average price target of C$10.85.
Check Out Our Latest Analysis on Hudbay Minerals
Hudbay Minerals Stock Down 2.0 %
Hudbay Minerals (TSE:HBM – Get Free Report) (NYSE:HBM) last announced its quarterly earnings results on Friday, February 23rd. The mining company reported C$0.27 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.15 by C$0.12. The company had revenue of C$819.90 million during the quarter, compared to analysts’ expectations of C$710.46 million. Hudbay Minerals had a return on equity of 3.68% and a net margin of 3.93%. Sell-side analysts forecast that Hudbay Minerals will post 0.681388 earnings per share for the current fiscal year.
Hudbay Minerals Announces Dividend
The company also recently disclosed a 1 dividend, which was paid on Tuesday, March 5th. Stockholders of record on Friday, March 22nd were issued a dividend of $0.02 per share. 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 presently 6.67%.
Insiders Place Their Bets
In other Hudbay Minerals news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of C$9.45, for a total value of C$46,446.75. In other Hudbay Minerals news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the stock in a transaction on Friday, March 15th. The stock was 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 on Tuesday, March 5th. The stock was sold at an average price of C$6.01, for a total value 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.
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