Scotiabank Increases Hudbay Minerals (TSE:HBM) Price Target to C$14.00


Share on StockTwits

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price upped by equities researchers at Scotiabank from C$12.50 to C$14.00 in a research note issued to investors on Monday, BayStreet.CA reports. Scotiabank’s target price would suggest a potential upside of 45.83% from the stock’s previous close.

A number of other equities analysts also recently weighed in on HBM. BMO Capital Markets upped their price target on shares of Hudbay Minerals from C$11.00 to C$12.00 in a research note on Tuesday, February 23rd. Raymond James raised Hudbay Minerals from a “market perform” rating to an “outperform” rating and upped their target price for the stock from C$12.50 to C$13.00 in a research report on Tuesday, April 6th. National Bank Financial raised their price target on Hudbay Minerals from C$11.00 to C$11.50 and gave the stock a “sector perform” rating in a research note on Monday, February 22nd. Canaccord Genuity reduced their price target on Hudbay Minerals from C$12.00 to C$11.00 and set a “strong-buy” rating for the company in a report on Tuesday, March 30th. Finally, CSFB set a C$12.00 price objective on Hudbay Minerals and gave the stock an “outperform” rating in a report on Tuesday, March 30th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Hudbay Minerals has an average rating of “Buy” and a consensus target price of C$12.41.

Shares of Hudbay Minerals stock opened at C$9.60 on Monday. The company has a market cap of C$2.51 billion and a P/E ratio of -17.36. Hudbay Minerals has a 1 year low of C$2.79 and a 1 year high of C$10.58. The company has a current ratio of 1.68, a quick ratio of 1.32 and a debt-to-equity ratio of 70.55. The stock has a 50-day moving average price of C$9.06 and a 200 day moving average price of C$8.06.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its quarterly earnings data on Thursday, February 18th. The mining company reported C($0.08) EPS for the quarter, beating the Zacks’ consensus estimate of C($0.10) by C$0.02. The company had revenue of C$420.07 million for the quarter, compared to analysts’ expectations of C$367.89 million. On average, equities analysts forecast that Hudbay Minerals will post 0.67 earnings per share for the current fiscal year.

In related news, Senior Officer Cashel Aran Meagher sold 7,215 shares of the company’s stock in a transaction on Thursday, February 25th. The shares were sold at an average price of C$9.93, for a total transaction of C$71,644.95. Following the completion of the sale, the insider now directly owns 108,896 shares of the company’s stock, valued at approximately C$1,081,337.28.

About Hudbay Minerals

Hudbay Minerals Inc, a diversified mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; molybdenum concentrates; and zinc metals.

Featured Story: Trade Deficit

Analyst Recommendations for Hudbay Minerals (TSE:HBM)

Receive News & Ratings for Hudbay Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudbay Minerals and related companies with MarketBeat.com's FREE daily email newsletter.