Hudbay Minerals Inc. (TSE:HBM) Given Average Recommendation of “Moderate Buy” by Brokerages

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) has been assigned an average rating of “Moderate Buy” from the fifteen brokerages that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$14.73.

HBM has been the subject of several analyst reports. BMO Capital Markets raised their target price on Hudbay Minerals from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 21st. Cormark lifted their price objective on Hudbay Minerals from C$13.50 to C$15.00 and gave the stock a “buy” rating in a research note on Monday, May 27th. CIBC lifted their price objective on Hudbay Minerals from C$14.50 to C$15.50 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. Royal Bank of Canada boosted their target price on Hudbay Minerals from C$11.00 to C$17.00 and gave the company an “outperform” rating in a research note on Wednesday, May 15th. Finally, Jefferies Financial Group boosted their price target on Hudbay Minerals from C$13.00 to C$14.00 in a report on Friday.

Insider Activity at Hudbay Minerals

In other Hudbay Minerals news, 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 value of C$76,362.00. In other news, Senior Officer Peter Adamek sold 5,874 shares of Hudbay Minerals stock in a transaction on Friday, May 24th. The shares were sold at an average price of C$13.00, for a total transaction of C$76,362.00. Also, Director Gregory Paul Dryden sold 26,625 shares of Hudbay Minerals stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of C$10.23, for a total transaction of C$272,496.23. 0.08% of the stock is owned by insiders.

Hudbay Minerals Stock Performance

HBM stock opened at C$12.54 on Thursday. Hudbay Minerals has a 12-month low of C$5.46 and a 12-month high of C$14.33. The company has a current ratio of 1.40, a quick ratio of 0.85 and a debt-to-equity ratio of 62.72. The stock’s 50 day simple moving average is C$12.70 and its 200 day simple moving average is C$10.08. The firm has a market cap of C$4.93 billion, a P/E ratio of 38.00, a P/E/G ratio of 3.97 and a beta of 1.96.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its quarterly earnings data on Tuesday, May 14th. The mining company reported C$0.22 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of C$635.57 million. As a group, equities research analysts predict that Hudbay Minerals will post 0.7249725 EPS for the current year.

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.