Raymond James Increases Hudbay Minerals (TSE:HBM) Price Target to C$11.50

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price increased by equities research analysts at Raymond James from C$10.50 to C$11.50 in a note issued to investors on Thursday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the mining company’s stock. Raymond James’ price target indicates a potential upside of 6.78% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the company. Canaccord Genuity Group increased their price objective on Hudbay Minerals from C$10.50 to C$13.00 and gave the stock a “buy” rating in a report on Wednesday. Scotiabank raised their price target on Hudbay Minerals from C$10.50 to C$11.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 6th. Stifel Nicolaus set a C$11.25 price objective on shares of Hudbay Minerals and gave the company a “buy” rating in a research report on Tuesday, March 26th. Bank of America upped their price objective on shares of Hudbay Minerals from C$8.50 to C$12.25 in a report on Tuesday, April 9th. Finally, CIBC boosted their price target on shares of Hudbay Minerals from C$11.00 to C$13.00 and gave the company an “outperform” rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$10.39.

Hudbay Minerals Trading Up 2.8 %

Shares of TSE HBM traded up C$0.29 during mid-day trading on Thursday, hitting C$10.77. The stock had a trading volume of 1,021,988 shares, compared to its average volume of 1,202,782. The firm has a market cap of C$3.78 billion, a P/E ratio of 35.90, a price-to-earnings-growth 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. The business has a 50 day moving average price of C$8.78 and a two-hundred day moving average price of C$7.40. Hudbay Minerals has a 1 year low of C$5.46 and a 1 year high of C$11.05.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released its quarterly earnings data on Friday, February 23rd. The mining company reported C$0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.15 by C$0.12. The firm had revenue of C$819.90 million for the quarter, compared to analysts’ expectations of C$710.46 million. Hudbay Minerals had a net margin of 3.93% and a return on equity of 3.68%. On average, equities analysts anticipate that Hudbay Minerals will post 0.681388 EPS for the current fiscal year.

Insider Transactions at Hudbay Minerals

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

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.