Hudbay Minerals (TSE:HBM) Price Target Increased to C$13.00 by Analysts at CIBC

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price hoisted by CIBC from C$11.00 to C$13.00 in a research note published on Wednesday morning, BayStreet.CA reports. The firm currently has an outperform rating on the mining company’s stock.

Several other research firms have also issued reports on HBM. Stifel Nicolaus set a C$11.25 target price on shares of Hudbay Minerals and gave the stock a buy rating in a research note on Tuesday, March 26th. Raymond James raised their price objective on shares of Hudbay Minerals from C$9.00 to C$10.50 in a report on Wednesday, March 20th. Bank of America raised their price objective on shares of Hudbay Minerals from C$8.50 to C$12.25 in a report on Tuesday, April 9th. Scotiabank raised their price objective on shares of Hudbay Minerals from C$10.50 to C$11.00 and gave the stock an outperform rating in a report on Tuesday, February 6th. Finally, National Bankshares raised their price objective 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. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of C$10.32.

Hudbay Minerals Stock Performance

HBM opened at C$10.48 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 0.85 and a debt-to-equity ratio of 62.93. The company’s fifty day moving average price is C$8.78 and its two-hundred day moving average price is C$7.40. Hudbay Minerals has a 1-year low of C$5.46 and a 1-year high of C$11.05. The company has a market cap of C$3.68 billion, a price-to-earnings ratio of 34.93, a PEG ratio of 3.97 and a beta of 1.96.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released its quarterly earnings data on Friday, February 23rd. The mining company reported C$0.27 earnings per share for the quarter, topping 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 firm had revenue of C$819.90 million for the quarter, compared to the consensus estimate of C$710.46 million. On average, analysts expect that Hudbay Minerals will post 0.681388 EPS for the current fiscal year.

Hudbay Minerals Announces Dividend

The business also recently announced a 1 dividend, which was paid on Tuesday, March 5th. Shareholders of record on Friday, March 22nd were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, March 22nd. This represents a yield of 0.13%. Hudbay Minerals’s payout ratio is presently 6.67%.

Insider Transactions at Hudbay Minerals

In related news, Senior Officer Mark Zachary Gupta sold 4,915 shares of Hudbay Minerals stock in a transaction on 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 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 value of C$117,188.99. Also, Senior Officer Mark Zachary Gupta sold 4,915 shares of the company’s 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.