Hudbay Minerals (TSE:HBM – Get Free Report) (NYSE:HBM) had its price target upped by stock analysts at BMO Capital Markets from C$15.00 to C$17.00 in a note issued to investors on Tuesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the mining company’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 31.17% from the company’s previous close.
A number of other brokerages have also recently commented on HBM. TD Securities upped their price target on Hudbay Minerals from C$14.00 to C$16.00 and gave the company a “buy” rating in a research report on Wednesday, May 15th. National Bankshares raised Hudbay Minerals from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$12.00 to C$15.50 in a research report on Wednesday, May 15th. Raymond James upped their price target on Hudbay Minerals from C$11.50 to C$14.00 in a research report on Wednesday, April 24th. Eight Capital upped their price target on Hudbay Minerals from C$12.00 to C$14.50 and gave the company a “buy” rating in a research report on Monday, April 22nd. Finally, Scotiabank upped their price target on Hudbay Minerals from C$13.50 to C$14.50 and gave the company an “outperform” rating in a research report on Wednesday, May 15th. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Hudbay Minerals currently has a consensus rating of “Moderate Buy” and a consensus price target of C$13.90.
Check Out Our Latest Stock Report on HBM
Hudbay Minerals Stock Down 8.4 %
Hudbay Minerals (TSE:HBM – Get Free Report) (NYSE:HBM) last posted its quarterly earnings data on Friday, February 23rd. The mining company reported C$0.27 earnings per share for the quarter, topping the consensus estimate of C$0.15 by C$0.12. Hudbay Minerals had a return on equity of 3.68% and a net margin of 3.93%. The business had revenue of C$819.90 million for the quarter, compared to analysts’ expectations of C$710.46 million. Analysts expect that Hudbay Minerals will post 0.7897465 EPS for the current year.
Insider Activity
In related news, Director Gregory Paul Dryden sold 26,625 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of C$10.23, for a total transaction of C$272,496.23. In related news, Director Gregory Paul Dryden sold 26,625 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of C$10.23, for a total transaction of C$272,496.23. Also, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of C$6.01, for a total value of C$117,188.99. In the last three months, insiders have sold 51,039 shares of company stock worth $436,132. 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.
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