Hudbay Minerals (TSE:HBM) Price Target Raised to C$14.50 at Eight Capital

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target increased by Eight Capital from C$12.00 to C$14.50 in a research report report published on Monday, BayStreet.CA reports. Eight Capital currently has a buy rating on the mining company’s stock.

Several other brokerages also recently commented on HBM. CIBC raised 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. Raymond James raised their price target on shares of Hudbay Minerals from C$10.50 to C$11.50 and gave the company an outperform rating in a research report on Thursday, April 18th. Canaccord Genuity Group raised their price target on shares of Hudbay Minerals from C$10.50 to C$13.00 and gave the company a buy rating in a research report on Wednesday, April 17th. Scotiabank raised 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 research report on Tuesday, February 6th. Finally, Bank of America raised their price target on shares of Hudbay Minerals from C$8.50 to C$12.25 in a research report on Tuesday, April 9th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Hudbay Minerals currently has a consensus rating of Moderate Buy and an average target price of C$10.85.

Hudbay Minerals Stock Performance

Shares of HBM opened at C$10.51 on Monday. The company has a debt-to-equity ratio of 62.93, a current ratio of 1.25 and a quick ratio of 0.85. The stock has a 50-day moving average of C$9.01 and a 200-day moving average of C$7.51. The company has a market cap of C$3.69 billion, a PE ratio of 35.03, 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.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its earnings results on Friday, February 23rd. The mining company reported C$0.27 EPS for the quarter, beating the consensus estimate of C$0.15 by C$0.12. The company 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%. On average, equities research analysts predict that Hudbay Minerals will post 0.681388 EPS for the current fiscal year.

Hudbay Minerals Dividend Announcement

The company also recently announced a 1 dividend, which was paid on Tuesday, March 5th. Shareholders of record on Friday, March 22nd were given a dividend of $0.02 per share. The ex-dividend date was Friday, March 22nd. This represents a dividend yield of 0.13%. Hudbay Minerals’s dividend payout ratio is currently 6.67%.

Insiders Place Their Bets

In related news, Senior Officer Mark Zachary Gupta sold 4,915 shares of Hudbay Minerals 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. In related news, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of Hudbay Minerals 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. Also, Senior Officer Mark Zachary Gupta sold 4,915 shares of Hudbay Minerals 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 transaction of C$46,446.75. 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.