Hudbay Minerals (TSE:HBM) PT Raised to C$16.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price boosted by Stifel Nicolaus from C$15.00 to C$16.00 in a research note published on Monday morning, BayStreet.CA reports. They currently have a buy rating on the mining company’s stock.

A number of other equities research analysts have also issued reports on HBM. CIBC lifted their target price on shares of Hudbay Minerals from C$14.50 to C$15.50 and gave the company an outperform rating in a research note on Thursday, June 20th. Raymond James lifted their target price on shares of Hudbay Minerals from C$11.50 to C$14.00 in a report on Wednesday, April 24th. Haywood Securities boosted their price objective on shares of Hudbay Minerals from C$13.00 to C$16.00 in a report on Thursday, May 16th. Royal Bank of Canada boosted their price objective on shares of Hudbay Minerals from C$11.00 to C$17.00 and gave the stock an outperform rating in a report on Wednesday, May 15th. Finally, Canaccord Genuity Group dropped their price objective on shares of Hudbay Minerals from C$16.00 to C$15.00 in a report on Monday. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Hudbay Minerals has an average rating of Moderate Buy and an average target price of C$14.73.

Hudbay Minerals Stock Performance

TSE HBM opened at C$11.04 on Monday. Hudbay Minerals has a twelve month low of C$5.46 and a twelve month high of C$14.33. The company has a debt-to-equity ratio of 62.72, a quick ratio of 0.85 and a current ratio of 1.40. The stock has a market cap of C$4.34 billion, a price-to-earnings ratio of 33.45, a PEG ratio of 3.97 and a beta of 1.96. The firm’s 50 day moving average price is C$12.52 and its two-hundred day moving average price is C$10.27.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted its quarterly earnings data on Tuesday, May 14th. The mining company reported C$0.22 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of C$635.57 million. Equities analysts anticipate that Hudbay Minerals will post 0.7249725 EPS for the current year.

Insider Activity at Hudbay Minerals

In other Hudbay Minerals news, Director Gregory Paul Dryden sold 26,625 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of C$10.23, for a total value of C$272,496.23. In related news, Senior Officer Peter Adamek sold 5,874 shares of the firm’s 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. Also, Director Gregory Paul Dryden sold 26,625 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of C$10.23, for a total transaction of C$272,496.23. 0.08% of the stock is currently owned by company 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.