Hudbay Minerals Inc. (TSE:HBM) Receives C$13.90 Average PT from Analysts

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have received an average recommendation of “Moderate Buy” from the fifteen research firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$13.90.

Several brokerages have commented on HBM. Stifel Nicolaus set a C$11.25 price target on shares of Hudbay Minerals and gave the company a “buy” rating in a report on Tuesday, March 26th. Royal Bank of Canada lifted their price objective on shares of Hudbay Minerals from C$11.00 to C$17.00 and gave the stock an “outperform” rating in a report on Wednesday, May 15th. Bank of America lifted their price objective on shares of Hudbay Minerals from C$8.50 to C$12.25 in a report on Tuesday, April 9th. Raymond James lifted their price objective on shares of Hudbay Minerals from C$11.50 to C$14.00 in a report on Wednesday, April 24th. Finally, Haywood Securities lifted their price objective on shares of Hudbay Minerals from C$13.00 to C$16.00 in a report on Thursday, May 16th.

Insider Buying and Selling at Hudbay Minerals

In other Hudbay Minerals news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the business’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. In related news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the business’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. Also, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the business’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. Over the last quarter, insiders have sold 51,039 shares of company stock worth $436,132. 0.08% of the stock is currently owned by company insiders.

Hudbay Minerals Stock Up 3.0 %

Shares of TSE:HBM opened at C$13.18 on Wednesday. The firm has a fifty day moving average price of C$11.06 and a two-hundred day moving average price of C$8.54. The company has a debt-to-equity ratio of 62.72, a current ratio of 1.40 and a quick ratio of 0.85. Hudbay Minerals has a one year low of C$5.46 and a one year high of C$14.33. The company has a market cap of C$5.19 billion, a price-to-earnings ratio of 39.94, a PEG ratio of 3.97 and a beta of 1.96.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced 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 4.34% and a return on equity of 4.36%. The firm had revenue of C$819.90 million during the quarter, compared to the consensus estimate of C$710.46 million. Analysts anticipate that Hudbay Minerals will post 0.7249725 EPS for the current fiscal year.

Hudbay Minerals Dividend Announcement

The company also recently disclosed a 1 dividend, which was paid on Tuesday, March 5th. Shareholders of record on Friday, March 22nd were given a $0.02 dividend. This represents a dividend yield of 0.13%. The ex-dividend date was Friday, March 22nd. Hudbay Minerals’s payout ratio is 6.06%.

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.