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

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price raised by 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.

A number of other research analysts also recently commented on HBM. Raymond James increased their price target on Hudbay Minerals from C$9.00 to C$10.50 in a report on Wednesday, March 20th. BMO Capital Markets reduced their target price on 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. Bank of America increased their target price on Hudbay Minerals from C$8.50 to C$12.25 in a report on Tuesday, April 9th. National Bankshares increased their target price on Hudbay Minerals from C$8.50 to C$8.75 and gave the stock a sector perform rating in a report on Monday, February 26th. Finally, Scotiabank increased their target price on Hudbay Minerals from C$10.50 to C$11.00 and gave the stock an outperform rating in a report on Tuesday, February 6th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of C$10.32.

Hudbay Minerals Trading Up 0.3 %

Shares of HBM opened at C$10.48 on Wednesday. The company has a market capitalization of C$3.68 billion, a P/E ratio of 34.93, a P/E/G ratio of 3.97 and a beta of 1.96. Hudbay Minerals has a one year low of C$5.46 and a one year high of C$11.05. The company has a debt-to-equity ratio of 62.93, a quick ratio of 0.85 and a current ratio of 1.25. The stock has a 50-day moving average price of C$8.78 and a 200 day moving average price of C$7.40.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its quarterly earnings results on Friday, February 23rd. The mining company reported C$0.27 EPS for the quarter, beating analysts’ consensus estimates of C$0.15 by C$0.12. The firm had revenue of C$819.90 million during the quarter, compared to the consensus estimate 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 EPS for the current fiscal 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 given 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 6.67%.

Insider Transactions at Hudbay Minerals

In other news, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of C$6.01, for a total transaction of C$117,188.99. In related news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the firm’s stock in a transaction that occurred 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 that occurred on Tuesday, March 5th. The shares were sold at an average price of C$6.01, for a total value of C$117,188.99. Insiders own 0.07% of the company’s stock.

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.