Hudbay Minerals (TSE:HBM - Free Report) NYSE: HBM had its price objective lifted by Bank of America from C$8.50 to C$12.25 in a research note released on Tuesday morning, BayStreet.CA reports.
Several other analysts also recently weighed in on HBM. BMO Capital Markets reduced 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 research report on Friday, December 22nd. Stifel Nicolaus set a C$11.25 price objective on shares of Hudbay Minerals and gave the stock a buy rating in a research report on Tuesday, March 26th. CIBC boosted their price objective on shares of Hudbay Minerals from C$10.00 to C$11.00 and gave the stock an outperform rating in a research report on Tuesday, February 27th. Canaccord Genuity Group boosted their price objective on shares of Hudbay Minerals from C$9.25 to C$10.50 in a research report on Monday, April 1st. Finally, Scotiabank boosted 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. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of C$10.00.
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Hudbay Minerals Stock Up 6.9 %
Shares of TSE HBM traded up C$0.70 during midday trading on Tuesday, hitting C$10.83. The company's stock had a trading volume of 3,785,392 shares, compared to its average volume of 1,186,691. The business's fifty day simple moving average is C$8.33 and its two-hundred day simple moving average is C$7.20. The company has a debt-to-equity ratio of 62.93, a current ratio of 1.25 and a quick ratio of 0.85. Hudbay Minerals has a 1 year low of C$5.46 and a 1 year high of C$11.01. The firm has a market capitalization of C$3.80 billion, a price-to-earnings ratio of 36.10, a price-to-earnings-growth ratio of 3.97 and a beta of 1.96.
Hudbay Minerals (TSE:HBM - Get Free Report) NYSE: HBM last issued its quarterly earnings results on Friday, February 23rd. The mining company reported C$0.27 earnings per share (EPS) 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 company had revenue of C$819.90 million during the quarter, compared to the consensus estimate of C$710.46 million. On average, equities analysts predict that Hudbay Minerals will post 0.5546318 EPS for the current year.
Hudbay Minerals Dividend Announcement
The company also recently announced a 1 dividend, which was paid on Tuesday, March 5th. Shareholders of record on Friday, March 22nd were issued a $0.02 dividend. The ex-dividend date was Friday, March 22nd. This represents a yield of 0.13%. Hudbay Minerals's dividend payout ratio (DPR) is 6.67%.
Insider Buying and Selling at Hudbay Minerals
In other 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 transaction of C$46,446.75. In other news, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the company's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of C$6.01, for a total transaction of C$117,188.99. Also, 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 transaction of C$46,446.75. 0.07% of the stock is owned by insiders.
About Hudbay Minerals
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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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