BMO Capital Markets Boosts Hudbay Minerals (TSE:HBM) Price Target to C$17.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target lifted by BMO Capital Markets from C$15.00 to C$17.00 in a report published on Tuesday morning, BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the mining company’s stock.

Several other equities analysts have also recently weighed in on the stock. Haywood Securities raised their target price on shares of Hudbay Minerals from C$13.00 to C$16.00 in a research note on Thursday, May 16th. 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. CIBC boosted their price target on Hudbay Minerals from C$13.00 to C$15.50 and gave the stock an outperform rating in a research report on Wednesday, May 15th. Canaccord Genuity Group raised their price objective on Hudbay Minerals from C$13.00 to C$16.00 and gave the company a buy rating in a research report on Monday, May 13th. Finally, Royal Bank of Canada boosted their target price on Hudbay Minerals from C$11.00 to C$17.00 and gave the stock an outperform rating in a report on Wednesday, May 15th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of C$13.90.

Hudbay Minerals Stock Down 1.3 %

Shares of HBM stock opened at C$12.79 on Tuesday. The firm’s fifty day moving average price is C$10.98 and its two-hundred day moving average price is C$8.46. The company has a current ratio of 1.25, a quick ratio of 0.85 and a debt-to-equity ratio of 62.93. Hudbay Minerals has a 1 year low of C$5.46 and a 1 year high of C$14.33. The firm has a market capitalization of C$4.49 billion, a P/E ratio of 44.10, a PEG ratio of 3.97 and a beta of 1.96.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released its earnings results on Friday, February 23rd. The mining company reported C$0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.15 by C$0.12. The business had revenue of C$819.90 million for the quarter, compared to analyst estimates of C$710.46 million. Hudbay Minerals had a return on equity of 3.68% and a net margin of 3.93%. On average, equities analysts predict that Hudbay Minerals will post 0.7897465 EPS for the current fiscal year.

Hudbay Minerals Announces Dividend

The business also recently announced a 1 dividend, which was paid on Tuesday, March 5th. Stockholders of record on Friday, March 22nd were given 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 6.90%.

Insider Buying and Selling

In other Hudbay Minerals news, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the 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 related news, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the firm’s 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. Also, Director Gregory Paul Dryden sold 26,625 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of C$10.23, for a total value of C$272,496.23. Over the last quarter, insiders have sold 51,039 shares of company stock worth $436,132. Company insiders own 0.08% 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.