Hudbay Minerals (TSE:HBM – Get Free Report) (NYSE:HBM) had its price target raised by analysts at Raymond James from C$10.50 to C$11.50 in a research note issued to investors on Thursday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the mining company’s stock. Raymond James’ price objective would indicate a potential upside of 6.78% from the stock’s current price.
Several other equities research analysts also recently issued reports on HBM. Canaccord Genuity Group raised their price target on Hudbay Minerals from C$10.50 to C$13.00 and gave the company a “buy” rating in a report on Wednesday. Scotiabank raised their price objective on shares of Hudbay Minerals from C$10.50 to C$11.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th. BMO Capital Markets decreased their target price on Hudbay Minerals from C$9.50 to C$8.50 and set an “outperform” rating on the stock in a research report on Friday, December 22nd. CIBC lifted their price target on Hudbay Minerals from C$11.00 to C$13.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Bank of America upped their price objective on Hudbay Minerals from C$8.50 to C$12.25 in a 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 stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$10.39.
Get Our Latest Research Report on Hudbay Minerals
Hudbay Minerals Stock Performance
Hudbay Minerals (TSE:HBM – Get Free Report) (NYSE:HBM) last posted its quarterly earnings results on Friday, February 23rd. The mining company reported C$0.27 EPS for the quarter, topping 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 business had revenue of C$819.90 million during the quarter, compared to analysts’ expectations of C$710.46 million. As a group, sell-side analysts anticipate that Hudbay Minerals will post 0.681388 EPS for the current year.
Insider Activity
In related news, 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. In other Hudbay Minerals news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$9.45, for a total transaction of C$46,446.75. Also, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of C$6.01, for a total transaction of C$117,188.99. Corporate insiders own 0.07% of the company’s stock.
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.
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