Hudbay Minerals (TSE:HBM) Price Target Raised to C$14.50

Hudbay Minerals (TSE:HBM - Get Free Report) NYSE: HBM had its price objective increased by Eight Capital from C$12.00 to C$14.50 in a research report issued on Monday, BayStreet.CA reports. The brokerage presently has a "buy" rating on the mining company's stock. Eight Capital's price target indicates a potential upside of 37.96% from the stock's previous close.

HBM has been the subject of a number of other reports. Stifel Nicolaus set a C$11.25 target price on shares of Hudbay Minerals and gave the company a "buy" rating in a research note on Tuesday, March 26th. National Bankshares boosted their price target on Hudbay Minerals from C$8.50 to C$8.75 and gave the company a "sector perform" rating in a report on Monday, February 26th. Bank of America raised their price objective on Hudbay Minerals from C$8.50 to C$12.25 in a report on Tuesday, April 9th. CIBC upped their target price on Hudbay Minerals from C$11.00 to C$13.00 and gave the stock an "outperform" rating in a report on Wednesday, April 17th. Finally, 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 research note on Wednesday, April 17th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$10.85.

Hudbay Minerals Trading Down 2.0 %

Shares of TSE:HBM traded down C$0.21 on Monday, hitting C$10.51. The company had a trading volume of 1,142,280 shares, compared to its average volume of 1,223,763. The firm's 50-day simple moving average is C$8.94 and its two-hundred day simple moving average is C$7.48. The firm has a market capitalization of C$3.69 billion, a price-to-earnings ratio of 35.03, a P/E/G ratio of 3.97 and a beta of 1.96. The company has a quick ratio of 0.85, a current ratio of 1.25 and a debt-to-equity ratio of 62.93. Hudbay Minerals has a 1 year low of C$5.46 and a 1 year high of C$11.05.

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, beating 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 analysts' expectations of C$710.46 million. Equities analysts anticipate that Hudbay Minerals will post 0.681388 earnings per share for the current fiscal year.

Insider Activity at Hudbay Minerals

In related news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the stock in a transaction that occurred 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. In related 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 value of C$46,446.75. Also, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of Hudbay Minerals 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. 0.07% of the stock is owned by corporate 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.