Hudbay Minerals (TSE:HBM – Free Report) (NYSE:HBM) had its target price boosted by Stifel Nicolaus from C$15.00 to C$16.00 in a report published on Monday, BayStreet.CA reports. They currently have a buy rating on the mining company’s stock.
Several other research analysts have also recently commented on the company. Eight Capital boosted their price target on Hudbay Minerals from C$14.50 to C$18.00 in a research note on Thursday, July 11th. Jefferies Financial Group boosted their price target on Hudbay Minerals from C$13.00 to C$14.00 in a research note on Friday, July 12th. Cormark boosted their price target on Hudbay Minerals from C$13.50 to C$15.00 and gave the stock a buy rating in a research note on Monday, May 27th. National Bank Financial upgraded Hudbay Minerals from a hold rating to a strong-buy rating in a research note on Tuesday, May 14th. Finally, Raymond James boosted their price target on Hudbay Minerals from C$11.50 to C$14.00 in a research note on Wednesday, April 24th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of C$14.73.
Check Out Our Latest Stock Analysis on Hudbay Minerals
Hudbay Minerals Price Performance
Hudbay Minerals (TSE:HBM – Get Free Report) (NYSE:HBM) last issued its quarterly earnings data on Tuesday, May 14th. The mining company reported C$0.22 EPS for the quarter, topping analysts’ consensus estimates of C$0.04 by C$0.18. The company had revenue of C$707.76 million for the quarter, compared to analysts’ expectations 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, research analysts predict that Hudbay Minerals will post 0.7249725 EPS for the current year.
Insider Activity
In related news, Director Gregory Paul Dryden sold 26,625 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of C$10.23, for a total value of C$272,496.23. In other news, Director Gregory Paul Dryden sold 26,625 shares of Hudbay Minerals stock in a transaction that occurred 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 Hudbay Minerals stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of C$13.00, for a total transaction of C$76,362.00. 0.08% of the stock is currently owned by company insiders.
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.
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