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

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price objective upped by research analysts at Jefferies Financial Group from C$13.00 to C$14.00 in a note issued to investors on Friday, BayStreet.CA reports. Jefferies Financial Group’s price objective points to a potential upside of 8.86% from the company’s previous close.

A number of other research analysts have also recently commented on the company. Canaccord Genuity Group upped their price target on Hudbay Minerals from C$13.00 to C$16.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Haywood Securities upped their price target on Hudbay Minerals from C$13.00 to C$16.00 in a research note on Thursday, May 16th. Bank of America upped their price target on Hudbay Minerals from C$8.50 to C$12.25 in a research note on Tuesday, April 9th. National Bankshares increased their price objective on Hudbay Minerals from C$15.50 to C$16.50 and gave the company an “outperform” rating in a research note on Monday, June 10th. Finally, Cormark increased their price objective on Hudbay Minerals from C$13.50 to C$15.00 and gave the company a “buy” rating in a research note on Monday, May 27th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$14.70.

Hudbay Minerals Trading Up 2.9 %

HBM traded up C$0.36 during trading hours on Friday, reaching C$12.86. The company’s stock had a trading volume of 850,878 shares, compared to its average volume of 1,492,486. Hudbay Minerals has a fifty-two week low of C$5.46 and a fifty-two week high of C$14.33. The stock has a market cap of C$5.06 billion, a PE ratio of 38.76, a P/E/G ratio of 3.97 and a beta of 1.96. The business’s 50-day moving average is C$12.65 and its 200-day moving average is C$9.97. The company has a debt-to-equity ratio of 62.72, a current ratio of 1.40 and a quick ratio of 0.85.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released its quarterly earnings data on Tuesday, May 14th. The mining company reported C$0.22 EPS for the quarter, beating analysts’ consensus estimates of C$0.04 by C$0.18. Hudbay Minerals had a return on equity of 4.36% and a net margin of 4.34%. The firm had revenue of C$707.76 million for the quarter, compared to analysts’ expectations of C$635.57 million. As a group, equities research analysts predict that Hudbay Minerals will post 0.7249725 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Peter Adamek sold 5,874 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of C$13.00, for a total transaction of C$76,362.00. In related news, Director Gregory Paul Dryden sold 26,625 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of C$10.23, for a total value of C$272,496.23. Also, Senior Officer Peter Adamek sold 5,874 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of C$13.00, for a total transaction of C$76,362.00. Corporate insiders own 0.08% 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.