A number of other research analysts have also weighed in on HBM. TD Securities lowered Hudbay Minerals from an action list buy rating to a buy rating and cut their price objective for the company from C$15.00 to C$14.50 in a report on Tuesday. BMO Capital Markets dropped their target price on Hudbay Minerals from C$12.00 to C$11.50 in a report on Monday, April 2nd. Scotiabank dropped their target price on Hudbay Minerals from C$14.50 to C$14.00 and set a focus stock rating on the stock in a report on Thursday, February 22nd. National Bank Financial reaffirmed a sector perform rating on shares of Hudbay Minerals in a report on Wednesday, January 17th. Finally, CIBC dropped their target price on Hudbay Minerals from C$16.00 to C$15.00 in a report on Monday, April 2nd. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Hudbay Minerals has an average rating of Buy and an average target price of C$12.95.
Shares of HBM stock opened at C$9.40 on Thursday. Hudbay Minerals has a fifty-two week low of C$6.13 and a fifty-two week high of C$12.65.
Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its quarterly earnings data on Wednesday, February 21st. The mining company reported C$0.33 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.34 by C($0.01). The firm had revenue of C$526.00 million during the quarter, compared to analyst estimates of C$513.30 million. Hudbay Minerals had a net margin of 24.07% and a return on equity of 19.07%.
The business also recently announced a Semi-Annual dividend, which was paid on Thursday, March 29th. Investors of record on Friday, March 9th were issued a dividend of $0.01 per share. This represents a yield of 0.1%. The ex-dividend date of this dividend was Thursday, March 8th.
In other Hudbay Minerals news, insider Gmt Capital Corp sold 5,700 shares of the stock in a transaction that occurred on Friday, April 13th. The stock was sold at an average price of C$7.19, for a total transaction of C$40,983.00. Over the last ninety days, insiders have sold 105,500 shares of company stock worth $875,109.
About Hudbay Minerals
Hudbay Minerals Inc is a Canada-based mining company. The Company is engaged in the production of copper concentrate, consisting of copper, gold and silver, as well as zinc metal. The Company is focused on the discovery, production and marketing of base and precious metals. The Company has assets in North and South America.
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