Hudbay Minerals (TSE:HBM) Price Target Increased to C$14.50 by Analysts at Eight Capital

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target boosted by equities researchers at Eight Capital from C$12.00 to C$14.50 in a note issued to investors on Monday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the mining company’s stock. Eight Capital’s price target points to a potential upside of 38.23% from the stock’s current price.

A number of other analysts have also weighed in on HBM. Bank of America raised their price objective on shares of Hudbay Minerals from C$8.50 to C$12.25 in a research note on Tuesday, April 9th. Canaccord Genuity Group boosted their price target on Hudbay Minerals from C$10.50 to C$13.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. CIBC raised their price target on shares of Hudbay Minerals from C$11.00 to C$13.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. Stifel Nicolaus set a C$11.25 price objective on shares of Hudbay Minerals and gave the company a “buy” rating in a report on Tuesday, March 26th. Finally, Raymond James raised their target price on shares of Hudbay Minerals from C$10.50 to C$11.50 and gave the stock an “outperform” rating in a report on Thursday. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Hudbay Minerals presently has an average rating of “Moderate Buy” and an average price target of C$10.85.

Hudbay Minerals Stock Down 2.1 %

HBM traded down C$0.23 during midday trading on Monday, reaching C$10.49. The company’s stock had a trading volume of 695,964 shares, compared to its average volume of 1,216,577. The stock’s 50-day moving average is C$8.94 and its 200-day moving average is C$7.48. Hudbay Minerals has a 1 year low of C$5.46 and a 1 year high of C$11.05. The firm has a market capitalization of C$3.68 billion, a price-to-earnings ratio of 35.00, a PEG ratio of 3.97 and a beta of 1.96. 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 (TSE:HBM) (NYSE:HBM) last posted its quarterly earnings data on Friday, February 23rd. The mining company reported C$0.27 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.15 by C$0.12. Hudbay Minerals had a return on equity of 3.68% and a net margin of 3.93%. The company had revenue of C$819.90 million during the quarter, compared to analyst estimates of C$710.46 million. As a group, research analysts expect that Hudbay Minerals will post 0.681388 EPS for the current year.

Insider Buying and Selling

In other Hudbay Minerals news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the company’s stock in a transaction dated 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 Luis Alfonso Santivanez Silva sold 19,499 shares of Hudbay Minerals stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of C$6.01, for a total value of C$117,188.99. Also, Senior Officer Mark Zachary Gupta sold 4,915 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of C$9.45, for a total transaction of C$46,446.75. 0.07% of the stock is currently owned by insiders.

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.