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

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target lifted by CIBC from C$11.00 to C$13.00 in a report published on Wednesday, BayStreet.CA reports. CIBC currently has an outperform rating on the mining company’s stock.

Other analysts also recently issued reports about the company. Bank of America lifted their target price on Hudbay Minerals from C$8.50 to C$12.25 in a research report on Tuesday, April 9th. Raymond James lifted their target price on Hudbay Minerals from C$9.00 to C$10.50 in a research report on Wednesday, March 20th. BMO Capital Markets decreased their target price on Hudbay Minerals from C$9.50 to C$8.50 and set an outperform rating for the company in a research report on Friday, December 22nd. Scotiabank raised their price target on Hudbay Minerals from C$10.50 to C$11.00 and gave the company an outperform rating in a research note on Tuesday, February 6th. Finally, National Bankshares raised their price target on Hudbay Minerals from C$8.50 to C$8.75 and gave the company a sector perform rating in a research note on Monday, February 26th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of C$10.32.

Hudbay Minerals Stock Up 0.3 %

Shares of HBM opened at C$10.48 on Wednesday. The company has a market cap of C$3.68 billion, a PE ratio of 34.93, a P/E/G ratio of 3.97 and a beta of 1.96. The business has a fifty day moving average of C$8.78 and a 200 day moving average of C$7.40. Hudbay Minerals has a 52-week low of C$5.46 and a 52-week high of C$11.05. 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 released its earnings results 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 during the quarter, compared to the consensus estimate of C$710.46 million. On average, sell-side analysts expect that Hudbay Minerals will post 0.681388 EPS for the current year.

Hudbay Minerals Announces Dividend

The business also recently announced a 1 dividend, which was paid on Tuesday, March 5th. Shareholders of record on Friday, March 22nd were paid a $0.02 dividend. The ex-dividend date of this dividend was Friday, March 22nd. This represents a yield of 0.13%. Hudbay Minerals’s dividend payout ratio (DPR) is presently 6.67%.

Insider Buying and Selling at Hudbay Minerals

In other Hudbay Minerals news, Senior Officer Mark Zachary Gupta sold 4,915 shares of Hudbay Minerals stock in a transaction dated 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 news, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the business’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. Also, Senior Officer Mark Zachary Gupta sold 4,915 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$9.45, for a total value of C$46,446.75. 0.07% of the stock is 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.