Hudbay Minerals (TSE:HBM) Given New C$14.00 Price Target at Raymond James

Hudbay Minerals (TSE:HBM - Get Free Report) NYSE: HBM had its target price increased by stock analysts at Raymond James from C$11.50 to C$14.00 in a note issued to investors on Wednesday, BayStreet.CA reports. Raymond James' price target would indicate a potential upside of 32.08% from the company's current price. Raymond James also issued estimates for Hudbay Minerals' Q2 2024 earnings at $0.01 EPS, Q4 2024 earnings at $0.22 EPS and FY2025 earnings at $1.15 EPS.

Several other research firms have also recently weighed in on HBM. National Bankshares upped their price target on shares of Hudbay Minerals from C$8.50 to C$8.75 and gave the stock a "sector perform" rating in a report on Monday, February 26th. Canaccord Genuity Group upped their price target on shares of Hudbay Minerals from C$10.50 to C$13.00 and gave the stock a "buy" rating in a report on Wednesday, April 17th. Stifel Nicolaus set a C$11.25 price target on shares of Hudbay Minerals and gave the stock a "buy" rating in a report on Tuesday, March 26th. Bank of America upped their target price on shares of Hudbay Minerals from C$8.50 to C$12.25 in a research report on Tuesday, April 9th. Finally, CIBC upped their target price on shares of Hudbay Minerals from C$11.00 to C$13.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 17th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of C$11.06.

Hudbay Minerals Stock Performance

HBM stock traded up C$0.05 during midday trading on Wednesday, reaching C$10.60. 1,255,844 shares of the company's stock traded hands, compared to its average volume of 1,230,833. The company has a 50-day moving average price of C$9.08 and a two-hundred day moving average price of C$7.54. The company has a debt-to-equity ratio of 62.93, a quick ratio of 0.85 and a current ratio of 1.25. Hudbay Minerals has a 52 week low of C$5.46 and a 52 week high of C$11.05. The firm has a market capitalization of C$3.72 billion, a PE ratio of 35.33, 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 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 business had revenue of C$819.90 million for the quarter, compared to analysts' expectations of C$710.46 million. As a group, equities analysts anticipate that Hudbay Minerals will post 0.681388 EPS for the current year.

Insider Buying and Selling at Hudbay Minerals

In other Hudbay Minerals 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 related news, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the stock in a transaction dated Tuesday, March 5th. The shares were 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 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. Company 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.