CIBC Boosts Hudbay Minerals (TSE:HBM) Price Target to C$13.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price raised by CIBC from C$11.00 to C$13.00 in a report issued on Wednesday morning, BayStreet.CA reports. The firm currently has an outperform rating on the mining company’s stock.

Several other research analysts also recently commented on the company. Canaccord Genuity Group raised their price objective on Hudbay Minerals from C$9.25 to C$10.50 in a report on Monday, April 1st. Stifel Nicolaus set a C$11.25 target price on Hudbay Minerals and gave the company a buy rating in a research report on Tuesday, March 26th. National Bankshares increased their target price on Hudbay Minerals from C$8.50 to C$8.75 and gave the company a sector perform rating in a research report on Monday, February 26th. Raymond James increased their target price on Hudbay Minerals from C$9.00 to C$10.50 in a research report on Wednesday, March 20th. Finally, Scotiabank increased their target price on Hudbay Minerals from C$10.50 to C$11.00 and gave the company an outperform rating in a research report on Tuesday, February 6th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of C$10.48.

Hudbay Minerals Trading Down 1.2 %

Shares of TSE HBM opened at C$10.72 on Wednesday. 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’s 50 day moving average price is C$8.94 and its 200-day moving average price is C$7.46. Hudbay Minerals has a fifty-two week low of C$5.46 and a fifty-two week high of C$11.05. The company has a market cap of C$3.76 billion, a price-to-earnings ratio of 35.73, a PEG ratio of 3.97 and a beta of 1.96.

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

Hudbay Minerals Dividend Announcement

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

Insider Activity at Hudbay Minerals

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