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

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target raised by research analysts at Eight Capital from C$14.50 to C$18.00 in a report issued on Thursday, BayStreet.CA reports. Eight Capital’s target price suggests a potential upside of 44.00% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the company. National Bankshares lifted their target price on Hudbay Minerals from C$15.50 to C$16.50 and gave the stock an “outperform” rating in a report on Monday, June 10th. Raymond James lifted their price target on Hudbay Minerals from C$11.50 to C$14.00 in a research note on Wednesday, April 24th. Canaccord Genuity Group upped their price objective on shares of Hudbay Minerals from C$13.00 to C$16.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Haywood Securities raised their target price on shares of Hudbay Minerals from C$13.00 to C$16.00 in a report on Thursday, May 16th. Finally, Scotiabank boosted their price target on shares of Hudbay Minerals from C$15.00 to C$17.00 in a report on Thursday, May 30th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$14.64.

Hudbay Minerals Price Performance

TSE:HBM traded down C$0.19 during mid-day trading on Thursday, reaching C$12.50. 1,071,837 shares of the stock were exchanged, compared to its average volume of 1,497,417. The company has a current ratio of 1.40, a quick ratio of 0.85 and a debt-to-equity ratio of 62.72. The business has a fifty day moving average price of C$12.63 and a 200 day moving average price of C$9.95. Hudbay Minerals has a 1-year low of C$5.46 and a 1-year high of C$14.33. The firm has a market capitalization of C$4.92 billion, a PE ratio of 37.88, a PEG ratio of 3.97 and a beta of 1.96.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted its quarterly earnings data on Tuesday, May 14th. The mining company reported C$0.22 earnings per share for the quarter, beating 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 net margin of 4.34% and a return on equity of 4.36%. Research analysts expect that Hudbay Minerals will post 0.7249725 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Peter Adamek sold 5,874 shares of Hudbay Minerals stock in a transaction on Friday, May 24th. The stock was sold at an average price of C$13.00, for a total transaction of C$76,362.00. In related news, Director Gregory Paul Dryden sold 26,625 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of C$10.23, for a total value of C$272,496.23. Also, Senior Officer Peter Adamek sold 5,874 shares of the 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. 0.08% of the stock is owned by corporate insiders.

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.