CIBC Boosts Hudbay Minerals (TSE:HBM) Price Target to C$13.00

Hudbay Minerals (TSE:HBM - Get Free Report) NYSE: HBM had its price objective upped by stock analysts at CIBC from C$11.00 to C$13.00 in a report released on Wednesday, BayStreet.CA reports. The firm presently has an "outperform" rating on the mining company's stock. CIBC's price objective would indicate a potential upside of 24.05% from the company's current price.

A number of other equities analysts have also recently commented on HBM. Stifel Nicolaus set a C$11.25 price target on Hudbay Minerals and gave the stock a "buy" rating in a research note on Tuesday, March 26th. National Bankshares lifted their price target on Hudbay Minerals from C$8.50 to C$8.75 and gave the stock a "sector perform" rating in a research note on Monday, February 26th. Raymond James lifted their price target on Hudbay Minerals from C$9.00 to C$10.50 in a research note on Wednesday, March 20th. Bank of America lifted their price target on Hudbay Minerals from C$8.50 to C$12.25 in a research note on Tuesday, April 9th. Finally, Canaccord Genuity Group lifted their price target on Hudbay Minerals from C$9.25 to C$10.50 in a research note on Monday, April 1st. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Hudbay Minerals currently has an average rating of "Moderate Buy" and a consensus target price of C$10.32.

Hudbay Minerals Price Performance

Shares of HBM traded up C$0.03 during trading hours on Wednesday, reaching C$10.48. 1,420,946 shares of the company's stock traded hands, compared to its average volume of 1,205,683. The stock has a market cap of C$3.68 billion, a PE ratio of 34.93, a price-to-earnings-growth ratio of 3.97 and a beta of 1.96. 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 firm's 50 day simple moving average is C$8.78 and its 200-day simple moving average is C$7.40. Hudbay Minerals has a 12 month low of C$5.46 and a 12 month high of C$11.05.

Hudbay Minerals (TSE:HBM - Get Free Report) NYSE: HBM last released its 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. The company had revenue of C$819.90 million during the quarter, compared to the consensus estimate of C$710.46 million. Hudbay Minerals had a return on equity of 3.68% and a net margin of 3.93%. Equities analysts expect that Hudbay Minerals will post 0.681388 EPS for the current year.

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 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 company'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 company'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. 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.