Raymond James Raises Hudbay Minerals (TSE:HBM) Price Target to C$11.50

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price raised by Raymond James from C$10.50 to C$11.50 in a research report sent to investors on Thursday, BayStreet.CA reports. Raymond James currently has an outperform rating on the mining company’s stock.

A number of other research analysts have also recently weighed in on HBM. National Bankshares lifted their price objective on shares of Hudbay Minerals from C$8.50 to C$8.75 and gave the company a sector perform rating in a report on Monday, February 26th. BMO Capital Markets cut their price objective on shares of Hudbay Minerals from C$9.50 to C$8.50 and set an outperform rating for the company in a report on Friday, December 22nd. Bank of America boosted their target price 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 target price on shares of Hudbay Minerals from C$10.50 to C$13.00 and gave the stock a buy rating in a research note on Wednesday. Finally, Stifel Nicolaus set a C$11.25 price target on shares of Hudbay Minerals and gave the stock a buy rating in a research report on Tuesday, March 26th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Hudbay Minerals has a consensus rating of Moderate Buy and an average price target of C$10.48.

Hudbay Minerals Trading Up 3.5 %

Shares of Hudbay Minerals stock opened at C$10.85 on Thursday. The company has a debt-to-equity ratio of 62.93, a current ratio of 1.25 and a quick ratio of 0.85. The firm has a fifty day moving average price of C$8.86 and a 200 day moving average price of C$7.43. Hudbay Minerals has a 1 year low of C$5.46 and a 1 year high of C$11.05. The stock has a market cap of C$3.81 billion, a PE ratio of 36.17, a price-to-earnings-growth ratio of 3.97 and a beta of 1.96.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released 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 net margin of 3.93% and a return on equity of 3.68%. The company had revenue of C$819.90 million during the quarter, compared to analysts’ expectations of C$710.46 million. Equities research analysts predict that Hudbay Minerals will post 0.681388 earnings per share for the current year.

Hudbay Minerals Announces Dividend

The firm also recently announced a 1 dividend, which was paid on Tuesday, March 5th. Investors of record on Friday, March 22nd were paid a dividend of $0.02 per share. This represents a yield of 0.13%. The ex-dividend date of this dividend was Friday, March 22nd. Hudbay Minerals’s payout ratio is currently 6.67%.

Insider Buying and Selling

In related news, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the company’s 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 transaction of C$117,188.99. In other Hudbay Minerals news, 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 value of C$46,446.75. Also, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the 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 transaction of C$117,188.99. 0.07% of the stock is 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.