Hudbay Minerals (TSE:HBM) Price Target Raised to C$16.50

Hudbay Minerals (TSE:HBMFree Report) (NYSE:HBM) had its price objective increased by National Bankshares from C$15.50 to C$16.50 in a report released on Monday morning, BayStreet.CA reports. They currently have an outperform rating on the mining company’s stock.

A number of other research analysts have also recently commented on HBM. Scotiabank raised their price target on Hudbay Minerals from C$15.00 to C$17.00 in a research report on Thursday, May 30th. Raymond James raised their target price on shares of Hudbay Minerals from C$11.50 to C$14.00 in a report on Wednesday, April 24th. Stifel Nicolaus upped their price target on shares of Hudbay Minerals from C$12.50 to C$15.00 in a report on Thursday, May 30th. Haywood Securities lifted their price objective on shares of Hudbay Minerals from C$13.00 to C$16.00 in a research note on Thursday, May 16th. Finally, TD Securities boosted their price objective on shares of Hudbay Minerals from C$14.00 to C$16.00 and gave the company a buy rating in a research report on Wednesday, May 15th. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of C$14.36.

Read Our Latest Stock Analysis on HBM

Hudbay Minerals Stock Down 2.4 %

Shares of HBM opened at C$12.10 on Monday. The company has a current ratio of 1.40, a quick ratio of 0.85 and a debt-to-equity ratio of 62.72. Hudbay Minerals has a 12 month low of C$5.46 and a 12 month high of C$14.33. The firm’s 50 day moving average is C$11.97 and its 200-day moving average is C$9.15. The stock has a market capitalization of C$4.76 billion, a PE ratio of 36.94, a P/E/G ratio of 3.97 and a beta of 1.96.

Hudbay Minerals (TSE:HBMGet Free Report) (NYSE:HBM) last issued its quarterly earnings results on Tuesday, May 14th. The mining company reported C$0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.04 by C$0.18. The business had revenue of C$707.76 million for the quarter, compared to the consensus estimate of C$635.57 million. Hudbay Minerals had a return on equity of 4.36% and a net margin of 4.34%. Equities research analysts forecast that Hudbay Minerals will post 0.7249725 EPS for the current year.

Insider Transactions at Hudbay Minerals

In related 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. In other Hudbay Minerals news, Director Gregory Paul Dryden sold 26,625 shares of Hudbay Minerals stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of C$10.23, for a total transaction of C$272,496.23. Also, Senior Officer Peter Adamek sold 5,874 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of C$13.00, for a total value of C$76,362.00. Company insiders own 0.08% of the company’s stock.

Hudbay Minerals Company Profile

(Get Free Report)

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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