Hudbay Minerals (TSE:HBM) Price Target Raised to C$14.00 at Raymond James

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target increased by Raymond James from C$11.50 to C$14.00 in a research report released on Wednesday morning, BayStreet.CA reports. Raymond James also issued estimates for Hudbay Minerals’ Q2 2024 earnings at $0.01 EPS, Q4 2024 earnings at $0.22 EPS and FY2025 earnings at $1.15 EPS.

Other equities analysts have also issued research reports about the stock. Stifel Nicolaus set a C$11.25 target price on shares of Hudbay Minerals and gave the company a buy rating in a report on Tuesday, March 26th. Eight Capital boosted their price objective on shares of Hudbay Minerals from C$12.00 to C$14.50 and gave the stock a buy rating in a report on Monday. Canaccord Genuity Group boosted their price objective on shares of Hudbay Minerals from C$10.50 to C$13.00 and gave the stock a buy rating in a report on Wednesday, April 17th. CIBC boosted their price objective on shares of Hudbay Minerals from C$11.00 to C$13.00 and gave the stock an outperform rating in a report on Wednesday, April 17th. Finally, Bank of America boosted their price objective on shares of Hudbay Minerals from C$8.50 to C$12.25 in a report on Tuesday, April 9th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Hudbay Minerals currently has an average rating of Moderate Buy and an average price target of C$11.06.

Hudbay Minerals Stock Up 0.5 %

Shares of TSE HBM opened at C$10.60 on Wednesday. Hudbay Minerals has a 52-week low of C$5.46 and a 52-week high of C$11.05. The firm has a fifty day moving average of C$9.08 and a 200-day moving average of C$7.54. The stock has a market capitalization of C$3.72 billion, a PE ratio of 35.33, a P/E/G ratio of 3.97 and a beta of 1.96. The company has a quick ratio of 0.85, a current ratio of 1.25 and a debt-to-equity ratio of 62.93.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted its earnings results on Friday, February 23rd. The mining company reported C$0.27 earnings per share for the quarter, beating the consensus estimate of C$0.15 by C$0.12. The business 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, analysts anticipate that Hudbay Minerals will post 0.681388 EPS for the current year.

Hudbay Minerals Announces Dividend

The business also recently declared a 1 dividend, which was paid on Tuesday, March 5th. Stockholders of record on Friday, March 22nd were paid 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 dividend payout ratio is currently 6.67%.

Insider Activity at Hudbay Minerals

In related news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the stock in a transaction that occurred on 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 that occurred on 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 company’s stock in a transaction that occurred 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. Company 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.