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

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price hoisted by analysts at Eight Capital from C$12.00 to C$14.50 in a report released on Monday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the mining company’s stock. Eight Capital’s target price suggests a potential upside of 37.44% from the stock’s current price.

A number of other research analysts have also recently commented on HBM. National Bankshares increased their price target on shares of Hudbay Minerals from C$8.50 to C$8.75 and gave the company a “sector perform” rating in a research report on Monday, February 26th. Canaccord Genuity Group increased their price target on shares of Hudbay Minerals from C$10.50 to C$13.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. CIBC increased 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 research report on Wednesday, April 17th. Raymond James increased their price target on shares of Hudbay Minerals from C$10.50 to C$11.50 and gave the company an “outperform” rating in a research report on Thursday, April 18th. Finally, Bank of America increased their price target on shares of Hudbay Minerals from C$8.50 to C$12.25 in a research report on Tuesday, April 9th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$10.85.

Hudbay Minerals Stock Up 0.4 %

HBM stock opened at C$10.55 on Monday. The company has a current ratio of 1.25, a quick ratio of 0.85 and a debt-to-equity ratio of 62.93. The company’s 50 day moving average is C$9.08 and its 200 day moving average is C$7.54. The stock has a market cap of C$3.70 billion, a price-to-earnings ratio of 35.17, a price-to-earnings-growth ratio of 3.97 and a beta of 1.96. Hudbay Minerals has a 1-year low of C$5.46 and a 1-year high of C$11.05.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its quarterly earnings results on Friday, February 23rd. The mining company reported C$0.27 EPS 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 business had revenue of C$819.90 million for the quarter, compared to analysts’ expectations of C$710.46 million. Sell-side analysts predict that Hudbay Minerals will post 0.681388 EPS for the current fiscal year.

Insider Activity

In related news, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of C$6.01, for a total value of C$117,188.99. In related news, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was 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 firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of C$9.45, for a total value of C$46,446.75. Insiders own 0.07% of the company’s stock.

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.