Stifel Nicolaus Reiterates “C$11.25” Price Target for Hudbay Minerals (TSE:HBM)

Stifel Nicolaus set a C$11.25 price objective on Hudbay Minerals (TSE:HBM) (NYSE:HBM) in a research report released on Tuesday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the mining company’s stock.

Several other research firms have also weighed in on HBM. Scotiabank increased their price target on Hudbay Minerals from C$10.50 to C$11.00 and gave the company an outperform rating in a report on Tuesday, February 6th. Raymond James increased their price target on Hudbay Minerals from C$9.00 to C$10.50 in a report on Wednesday, March 20th. Canaccord Genuity Group upped their price objective on Hudbay Minerals from C$9.00 to C$9.25 and gave the company a buy rating in a research report on Friday, January 12th. Eight Capital set a C$11.50 price objective on Hudbay Minerals and gave the company a buy rating in a research report on Wednesday, December 6th. Finally, Bank of America upped their price objective on Hudbay Minerals from C$6.75 to C$8.50 in a research report on Tuesday, January 2nd. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Hudbay Minerals presently has an average rating of Moderate Buy and a consensus target price of C$9.64.

Hudbay Minerals Stock Performance

TSE:HBM opened at C$9.48 on Tuesday. The stock’s fifty day moving average is C$8.05 and its 200 day moving average is C$7.06. Hudbay Minerals has a fifty-two week low of C$5.46 and a fifty-two week high of C$9.63. The firm has a market capitalization of C$3.32 billion, a PE ratio of 31.60, a PEG ratio of 3.97 and a beta of 1.96. The company has a debt-to-equity ratio of 62.93, a quick ratio of 0.85 and a current ratio of 1.25.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released its quarterly earnings results on Friday, February 23rd. The mining company reported C$0.27 earnings per share for the quarter, beating the consensus estimate of C$0.15 by C$0.12. Hudbay Minerals had a return on equity of 3.68% and a net margin of 3.93%. The company had revenue of C$819.90 million for the quarter, compared to analyst estimates of C$710.46 million. On average, sell-side analysts anticipate that Hudbay Minerals will post 0.5546318 earnings per share for the current year.

Hudbay Minerals Announces Dividend

The business also recently disclosed a 1 dividend, which was paid on Tuesday, March 5th. Investors of record on Friday, March 22nd were given a dividend of $0.02 per share. This represents a yield of 0.13%. The ex-dividend date of this dividend was Friday, March 22nd. Hudbay Minerals’s payout ratio is currently 6.67%.

Insider Activity at Hudbay Minerals

In related news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$9.45, for a total transaction of C$46,446.75. In other Hudbay Minerals news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$9.45, for a total value of C$46,446.75. Also, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of C$6.01, for a total value of C$117,188.99. 0.07% 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.