Hudbay Minerals (TSE:HBM) Given a C$13.00 Price Target by Jefferies Financial Group Analysts

Jefferies Financial Group set a C$13.00 price objective on Hudbay Minerals (TSE:HBM - Free Report) NYSE: HBM in a report issued on Friday, BayStreet.CA reports. The firm currently has a hold rating on the mining company's stock.

HBM has been the subject of a number of other reports. Raymond James upped their price objective on shares of Hudbay Minerals from C$11.50 to C$14.00 in a report on Wednesday, April 24th. National Bankshares boosted their target price on shares of 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. Stifel Nicolaus set a C$11.25 target price on shares of Hudbay Minerals and gave the stock a buy rating in a research report on Tuesday, March 26th. Bank of America boosted 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 boosted 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. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of C$11.21.

Hudbay Minerals Stock Up 0.5 %

Shares of Hudbay Minerals stock traded up C$0.06 on Friday, hitting C$11.44. 2,413,471 shares of the company traded hands, compared to its average volume of 1,308,512. The company has a 50-day moving average price of C$9.66 and a 200 day moving average price of C$7.77. 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 12-month low of C$5.46 and a 12-month high of C$12.06. The company has a market cap of C$4.02 billion, a PE ratio of 39.45, a PEG ratio of 3.97 and a beta of 2.02.

Hudbay Minerals (TSE:HBM - Get Free Report) NYSE: HBM last posted its quarterly earnings results on Friday, February 23rd. The mining company reported C$0.27 EPS for the quarter, beating the consensus estimate 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. Sell-side analysts predict that Hudbay Minerals will post 0.6911942 earnings per share for the current year.

Hudbay Minerals Dividend Announcement

The firm also recently declared a 1 dividend, which was paid on Tuesday, March 5th. Investors of record on Friday, March 22nd were given a $0.02 dividend. This represents a yield of 0.13%. The ex-dividend date was Friday, March 22nd. Hudbay Minerals's dividend payout ratio (DPR) is presently 6.90%.

Insider Buying and Selling

In related news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the 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. In other Hudbay Minerals 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 stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of C$9.45, for a total transaction of C$46,446.75. Company insiders own 0.08% 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.