Hudbay Minerals (TSE:HBM) PT Raised to C$18.00 at Eight Capital

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price objective lifted by equities research analysts at Eight Capital from C$14.50 to C$18.00 in a note issued to investors on Thursday, BayStreet.CA reports. Eight Capital’s price target would indicate a potential upside of 40.52% from the company’s previous close.

A number of other analysts have also recently weighed in on HBM. Bank of America raised their price target on Hudbay Minerals from C$8.50 to C$12.25 in a research note on Tuesday, April 9th. BMO Capital Markets raised their price target on Hudbay Minerals from C$15.00 to C$17.00 and gave the company an “outperform” rating in a research note on Tuesday, May 21st. Stifel Nicolaus lifted their target price on Hudbay Minerals from C$12.50 to C$15.00 in a research report on Thursday, May 30th. Scotiabank lifted their target price on Hudbay Minerals from C$15.00 to C$17.00 in a research report on Thursday, May 30th. Finally, National Bank Financial upgraded Hudbay Minerals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 14th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Hudbay Minerals has an average rating of “Moderate Buy” and a consensus target price of C$14.70.

Hudbay Minerals Price Performance

Shares of Hudbay Minerals stock opened at C$12.81 on Thursday. The business has a 50 day simple moving average of C$12.68 and a two-hundred day simple moving average of C$10.01. Hudbay Minerals has a 12 month low of C$5.46 and a 12 month high of C$14.33. The stock has a market capitalization of C$5.04 billion, a P/E ratio of 38.82, a PEG ratio of 3.97 and a beta of 1.96. 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 (TSE:HBM) (NYSE:HBM) last issued its quarterly earnings data on Tuesday, May 14th. The mining company reported C$0.22 earnings per share for the quarter, topping the consensus estimate of C$0.04 by C$0.18. The company had revenue of C$707.76 million during the quarter, compared to analyst estimates of C$635.57 million. Hudbay Minerals had a return on equity of 4.36% and a net margin of 4.34%. As a group, analysts predict that Hudbay Minerals will post 0.7249725 EPS for the current fiscal year.

Insider Transactions at Hudbay Minerals

In related news, Senior Officer Peter Adamek sold 5,874 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of C$13.00, for a total value of C$76,362.00. In other Hudbay Minerals news, Senior Officer Peter Adamek sold 5,874 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of C$13.00, for a total value of C$76,362.00. Also, Director Gregory Paul Dryden sold 26,625 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of C$10.23, for a total transaction of C$272,496.23. 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.