Jefferies Financial Group Reiterates “C$13.00” Price Target for Hudbay Minerals (TSE:HBM)

Hudbay Minerals (TSE:HBM) (NYSE:HBM) has been given a C$13.00 price target by equities research analysts at Jefferies Financial Group in a research note issued on Friday, BayStreet.CA reports. The firm presently has a “hold” rating on the mining company’s stock. Jefferies Financial Group’s price target suggests a potential upside of 13.64% from the company’s previous close.

Other analysts also recently issued reports about the stock. National Bankshares increased their price objective on shares of Hudbay Minerals from C$8.50 to C$8.75 and gave the company a “sector perform” rating in a research report on Monday, February 26th. Bank of America increased their price objective on shares of Hudbay Minerals from C$8.50 to C$12.25 in a research report on Tuesday, April 9th. Eight Capital increased their price objective on shares of 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. Scotiabank increased their price objective 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, Canaccord Genuity Group upped their target price on shares of Hudbay Minerals from C$10.50 to C$13.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Hudbay Minerals presently has a consensus rating of “Moderate Buy” and an average price target of C$11.21.

Hudbay Minerals Stock Up 0.5 %

TSE:HBM opened at C$11.44 on Friday. The firm’s 50-day moving average price is C$9.74 and its 200-day moving average price is C$7.82. The company has a market capitalization of C$4.02 billion, a PE ratio of 39.45, a P/E/G ratio of 3.97 and a beta of 2.02. The company has a debt-to-equity ratio of 62.93, a current ratio of 1.25 and a quick ratio of 0.85. Hudbay Minerals has a 1-year low of C$5.46 and a 1-year high of C$12.06.

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 analysts’ consensus estimates of C$0.15 by C$0.12. Hudbay Minerals had a net margin of 3.93% and a return on equity of 3.68%. The firm had revenue of C$819.90 million for the quarter, compared to the consensus estimate of C$710.46 million. On average, equities analysts predict that Hudbay Minerals will post 0.6911942 EPS for the current fiscal year.

Insider Transactions at Hudbay Minerals

In other 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 value of C$46,446.75. In other Hudbay Minerals 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 shares were sold at an average price of C$9.45, for a total transaction 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 stock was sold at an average price of C$6.01, for a total transaction of C$117,188.99. Company insiders own 0.08% 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.