Hudbay Minerals (TSE:HBM) Price Target Increased to C$14.00 by Analysts at Raymond James

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price lifted by analysts at Raymond James from C$11.50 to C$14.00 in a research report issued on Wednesday, BayStreet.CA reports. Raymond James’ price target points to a potential upside of 32.70% from the stock’s previous close. Raymond James also issued estimates for Hudbay Minerals’ Q2 2024 earnings at $0.01 EPS, Q4 2024 earnings at $0.22 EPS and FY2025 earnings at $1.15 EPS.

Other research analysts have also recently issued reports about the stock. CIBC boosted their price objective on shares of Hudbay Minerals from C$11.00 to C$13.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. Stifel Nicolaus set a C$11.25 target price on shares of Hudbay Minerals and gave the company a “buy” rating in a research note on Tuesday, March 26th. Canaccord Genuity Group boosted their target price on shares of Hudbay Minerals from C$10.50 to C$13.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Scotiabank upped their price objective on shares of Hudbay Minerals from C$10.50 to C$11.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th. Finally, Bank of America upped their target price on shares of Hudbay Minerals from C$8.50 to C$12.25 in a report on Tuesday, April 9th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$11.06.

Hudbay Minerals Stock Up 0.4 %

Hudbay Minerals stock opened at C$10.55 on Wednesday. The firm has a 50 day moving average price of C$9.08 and a 200-day moving average price of C$7.54. The company has a market capitalization of C$3.70 billion, a P/E ratio of 35.17, a P/E/G ratio of 3.97 and a beta of 1.96. Hudbay Minerals has a twelve month low of C$5.46 and a twelve month high of C$11.05. 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 (TSE:HBM) (NYSE:HBM) last issued its earnings results 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. The company 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%. As a group, equities analysts predict that Hudbay Minerals will post 0.681388 EPS for the current year.

Insider Activity

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

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.