Hudbay Minerals (TSE:HBM) Price Target Raised to C$11.50 at Raymond James

Hudbay Minerals (TSE:HBM - Free Report) NYSE: HBM had its target price raised by Raymond James from C$10.50 to C$11.50 in a research report released on Thursday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the mining company's stock.

Several other analysts have also issued reports on HBM. BMO Capital Markets reduced their target price on Hudbay Minerals from C$9.50 to C$8.50 and set an outperform rating on the stock in a report on Friday, December 22nd. Bank of America increased their target price on Hudbay Minerals from C$8.50 to C$12.25 in a report on Tuesday, April 9th. CIBC upped their price objective on Hudbay Minerals from C$11.00 to C$13.00 and gave the stock an outperform rating in a research report on Wednesday. National Bankshares upped their price objective on 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. Finally, Stifel Nicolaus set a C$11.25 price objective on Hudbay Minerals and gave the stock a buy rating in a research report on Tuesday, March 26th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Hudbay Minerals currently has a consensus rating of Moderate Buy and a consensus target price of C$10.39.

Hudbay Minerals Stock Performance

TSE HBM traded up C$0.37 on Thursday, reaching C$10.85. The stock had a trading volume of 1,875,764 shares, compared to its average volume of 1,218,125. The company has a debt-to-equity ratio of 62.93, a current ratio of 1.25 and a quick ratio of 0.85. The firm has a fifty day moving average of C$8.86 and a two-hundred day moving average of C$7.43. Hudbay Minerals has a 1-year low of C$5.46 and a 1-year high of C$11.05. The company has a market cap of C$3.81 billion, a P/E ratio of 36.17, 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 released its earnings results on Friday, February 23rd. The mining company reported C$0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.15 by C$0.12. The company had revenue of C$819.90 million for the quarter, compared to analyst estimates of C$710.46 million. Hudbay Minerals had a return on equity of 3.68% and a net margin of 3.93%. On average, equities research analysts anticipate that Hudbay Minerals will post 0.681388 EPS for the current year.

Hudbay Minerals Announces Dividend

The company also recently announced a 1 dividend, which was paid on Tuesday, March 5th. Shareholders of record on Friday, March 22nd were given a $0.02 dividend. The ex-dividend date of this dividend was Friday, March 22nd. This represents a yield of 0.13%. Hudbay Minerals's dividend payout ratio is presently 6.67%.

Insider Buying and Selling at Hudbay Minerals

In other Hudbay Minerals news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$9.45, for a total value of C$46,446.75. In other news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the firm'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 firm's stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of C$6.01, for a total value of C$117,188.99. Corporate 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.