Hudbay Minerals Inc. (TSE:HBM) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have been assigned a consensus rating of “Buy” from the fifteen ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, twelve have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is C$14.73.

HBM has been the subject of a number of analyst reports. Stifel Canada upgraded shares of Hudbay Minerals to a “strong-buy” rating in a research report on Monday, July 22nd. National Bank Financial raised Hudbay Minerals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 14th. Royal Bank of Canada lifted their price target on Hudbay Minerals from C$11.00 to C$17.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 15th. Raymond James lifted their target price on Hudbay Minerals from C$11.50 to C$14.00 in a research note on Wednesday, April 24th. Finally, Stifel Nicolaus lifted their target price on Hudbay Minerals from C$15.00 to C$16.00 and gave the company a “buy” rating in a research note on Monday, July 22nd.

Insider Buying and Selling

In related news, Senior Officer Peter Adamek sold 5,874 shares of the 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, Director Gregory Paul Dryden sold 26,625 shares of Hudbay Minerals 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 stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of C$13.00, for a total transaction of C$76,362.00. Company insiders own 0.08% of the company’s stock.

Hudbay Minerals Trading Up 1.3 %

Shares of HBM opened at C$9.97 on Monday. The firm has a 50 day moving average price of C$11.86 and a 200-day moving average price of C$10.52. Hudbay Minerals has a fifty-two week low of C$5.46 and a fifty-two week high of C$14.33. The company has a debt-to-equity ratio of 62.72, a quick ratio of 0.85 and a current ratio of 1.40. The firm has a market cap of C$3.92 billion, a price-to-earnings ratio of 30.21, a PEG ratio of 3.97 and a beta of 1.96.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its quarterly earnings results on Tuesday, May 14th. The mining company reported C$0.22 earnings per share (EPS) for the quarter, topping 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 business had revenue of C$707.76 million during the quarter, compared to analyst estimates of C$635.57 million. As a group, equities research analysts forecast that Hudbay Minerals will post 0.7249725 earnings per share for the current year.

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.