Hudbay Minerals (TSE:HBM – Get Free Report) (NYSE:HBM) had its price objective lifted by analysts at Eight Capital from C$14.50 to C$18.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. Eight Capital’s target price points to a potential upside of 44.00% from the company’s previous close.
Other equities analysts have also issued research reports about the company. Bank of America lifted their price objective on Hudbay Minerals from C$8.50 to C$12.25 in a research note on Tuesday, April 9th. Raymond James lifted their price target on Hudbay Minerals from C$11.50 to C$14.00 in a research report on Wednesday, April 24th. National Bank Financial upgraded Hudbay Minerals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 14th. CIBC raised their price objective on shares of Hudbay Minerals from C$14.50 to C$15.50 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. Finally, National Bankshares boosted their target price on shares of Hudbay Minerals from C$15.50 to C$16.50 and gave the company an “outperform” rating in a research note on Monday, June 10th. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Hudbay Minerals presently has an average rating of “Moderate Buy” and an average target price of C$14.64.
Read Our Latest Analysis on HBM
Hudbay Minerals Stock Performance
Hudbay Minerals (TSE:HBM – Get Free Report) (NYSE:HBM) last released its quarterly earnings data on Tuesday, May 14th. The mining company reported C$0.22 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.04 by C$0.18. Hudbay Minerals had a net margin of 4.34% and a return on equity of 4.36%. The firm had revenue of C$707.76 million for the quarter, compared to analyst estimates of C$635.57 million. Equities analysts anticipate that Hudbay Minerals will post 0.7249725 earnings per share for the current fiscal year.
Insider Activity at Hudbay Minerals
In other Hudbay Minerals news, Senior Officer Peter Adamek sold 5,874 shares of Hudbay Minerals stock in a transaction on Friday, May 24th. The shares were sold at an average price of C$13.00, for a total transaction of C$76,362.00. In other Hudbay Minerals news, Senior Officer Peter Adamek sold 5,874 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of C$13.00, for a total value of C$76,362.00. Also, Director Gregory Paul Dryden sold 26,625 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of C$10.23, for a total value of C$272,496.23. 0.08% of the stock is owned by corporate insiders.
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.
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