Canaccord Genuity Group Boosts Hudbay Minerals (TSE:HBM) Price Target to C$13.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price objective increased by Canaccord Genuity Group from C$10.50 to C$13.00 in a report released on Wednesday, BayStreet.CA reports. They currently have a buy rating on the mining company’s stock.

A number of other research firms have also recently issued reports on HBM. Scotiabank boosted their target price on Hudbay Minerals from C$10.50 to C$11.00 and gave the company an outperform rating in a research note on Tuesday, February 6th. BMO Capital Markets decreased their target price on Hudbay Minerals from C$9.50 to C$8.50 and set an outperform rating for the company in a research note on Friday, December 22nd. Stifel Nicolaus set a C$11.25 target price on Hudbay Minerals and gave the company a buy rating in a research note on Tuesday, March 26th. National Bankshares boosted 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 note on Monday, February 26th. Finally, Bank of America upped their price objective on Hudbay Minerals from C$8.50 to C$12.25 in a research report on Tuesday, April 9th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of C$10.48.

Hudbay Minerals Stock Down 1.2 %

Shares of Hudbay Minerals stock opened at C$10.72 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 1.25 and a debt-to-equity ratio of 62.93. Hudbay Minerals has a 12 month low of C$5.46 and a 12 month high of C$11.05. The business has a fifty day simple moving average of C$8.94 and a 200 day simple moving average of C$7.46. The stock has a market cap of C$3.76 billion, a PE ratio of 35.73, a price-to-earnings-growth ratio of 3.97 and a beta of 1.96.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its quarterly earnings data on Friday, February 23rd. The mining company reported C$0.27 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of C$819.90 million during the quarter, compared to analysts’ expectations of C$710.46 million. Research analysts predict that Hudbay Minerals will post 0.681388 EPS for the current year.

Hudbay Minerals Announces Dividend

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

Insider Buying and Selling at Hudbay Minerals

In other Hudbay Minerals news, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the company’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. In other news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the 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 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. Corporate 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.