TD Securities Raises Hudbay Minerals (TSE:HBM) Price Target to C$16.00

Hudbay Minerals (TSE:HBMGet Free Report) (NYSE:HBM) had its price objective hoisted by research analysts at TD Securities from C$14.00 to C$16.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm presently has a “buy” rating on the mining company’s stock. TD Securities’ price objective would suggest a potential upside of 16.87% from the stock’s current price.

Other equities analysts have also issued reports about the stock. 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. Raymond James upped their price objective on shares of Hudbay Minerals from C$11.50 to C$14.00 in a report on Wednesday, April 24th. Canaccord Genuity Group upped their price objective on shares of Hudbay Minerals from C$13.00 to C$16.00 and gave the stock a “buy” rating in a report on Monday. Jefferies Financial Group set a C$13.00 target price on shares of Hudbay Minerals and gave the stock a “hold” rating in a research note on Friday, May 3rd. Finally, Stifel Nicolaus set a C$11.25 target price on shares of Hudbay Minerals and gave the stock a “buy” rating in a research note on Tuesday, March 26th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$13.61.

View Our Latest Analysis on HBM

Hudbay Minerals Trading Down 0.1 %

TSE:HBM traded down C$0.02 on Wednesday, hitting C$13.69. The stock had a trading volume of 1,506,033 shares, compared to its average volume of 1,340,505. The company has a quick ratio of 0.85, a current ratio of 1.25 and a debt-to-equity ratio of 62.93. The stock has a market cap of C$4.81 billion, a price-to-earnings ratio of 47.21, a PEG ratio of 3.97 and a beta of 1.96. The company has a fifty day moving average price of C$10.31 and a two-hundred day moving average price of C$8.13. Hudbay Minerals has a 1-year low of C$5.46 and a 1-year high of C$13.96.

Hudbay Minerals (TSE:HBMGet Free Report) (NYSE:HBM) last issued 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. Hudbay Minerals had a net margin of 3.93% and a return on equity of 3.68%. The firm had revenue of C$819.90 million for the quarter, compared to analyst estimates of C$710.46 million. Equities research analysts expect that Hudbay Minerals will post 0.7897465 earnings per share for the current fiscal year.

Insider Buying and Selling at Hudbay Minerals

In other news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the company’s 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. In other news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the company’s 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. Also, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of C$6.01, for a total transaction of C$117,188.99. Insiders own 0.08% of the company’s stock.

About Hudbay Minerals

(Get Free Report)

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.

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