Raymond James Increases Hudbay Minerals (TSE:HBM) Price Target to C$14.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target boosted by equities researchers at Raymond James from C$11.50 to C$14.00 in a report issued on Wednesday, BayStreet.CA reports. Raymond James’ target price would suggest a potential upside of 26.13% from the company’s current price. Raymond James also issued estimates for Hudbay Minerals’ Q2 2024 earnings at $0.01 EPS, Q2 2024 earnings at $0.11 EPS, Q3 2024 earnings at $0.14 EPS, Q4 2024 earnings at $0.33 EPS, Q4 2024 earnings at $0.22 EPS, FY2024 earnings at $0.67 EPS and FY2025 earnings at $1.15 EPS.

Several other equities analysts also recently commented on the stock. Eight Capital increased their target price on shares of Hudbay Minerals from C$12.00 to C$14.50 and gave the stock a “buy” rating in a research report on Monday. National Bankshares increased their target price on shares of Hudbay Minerals from C$8.50 to C$8.75 and gave the stock a “sector perform” rating in a research report on Monday, February 26th. Stifel Nicolaus set a C$11.25 target price on shares of Hudbay Minerals and gave the stock a “buy” rating in a research report on Tuesday, March 26th. CIBC increased their target price on shares of Hudbay Minerals from C$11.00 to C$13.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. Finally, Bank of America increased their target price 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 issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$11.06.

Hudbay Minerals Trading Up 4.7 %

TSE HBM opened at C$11.10 on Wednesday. Hudbay Minerals has a 1-year low of C$5.46 and a 1-year high of C$11.20. 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 has a market capitalization of C$3.89 billion, a PE ratio of 37.00, a price-to-earnings-growth ratio of 3.97 and a beta of 1.96. The firm’s fifty day simple moving average is C$9.15 and its 200-day simple moving average is C$7.56.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted its quarterly earnings results on Friday, February 23rd. The mining company reported C$0.27 earnings per share for the quarter, topping 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 the consensus estimate of C$710.46 million. As a group, sell-side analysts anticipate that Hudbay Minerals will post 0.681388 earnings per share for the current fiscal year.

Insider Activity

In related news, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the stock in a transaction dated Tuesday, March 5th. The shares were 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 stock in a transaction dated 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 dated 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 company 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.