Hudbay Minerals (TSE:HBM – Free Report) (NYSE:HBM) had its price target raised by Eight Capital from C$12.00 to C$14.50 in a research report report published on Monday, BayStreet.CA reports. The firm currently has a buy rating on the mining company’s stock.
HBM has been the subject of several other research reports. Bank of America increased their price target on shares of Hudbay Minerals from C$8.50 to C$12.25 in a research report on Tuesday, April 9th. CIBC increased their target price on shares of Hudbay Minerals from C$11.00 to C$13.00 and gave the stock an outperform rating in a research report on Wednesday, April 17th. National Bankshares increased their target price on shares of Hudbay Minerals from C$8.50 to C$8.75 and gave the stock a sector perform rating in a research report on Monday, February 26th. Canaccord Genuity Group increased their target price on shares of Hudbay Minerals from C$10.50 to C$13.00 and gave the stock a buy rating in a research report on Wednesday, April 17th. Finally, Stifel Nicolaus set a C$11.25 target price on shares of Hudbay Minerals and gave the stock a buy rating in a research report on Tuesday, March 26th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Hudbay Minerals presently has an average rating of Moderate Buy and a consensus price target of C$11.06.
View Our Latest Report on Hudbay Minerals
Hudbay Minerals Stock Performance
Hudbay Minerals (TSE:HBM – Get Free Report) (NYSE:HBM) last posted its quarterly earnings results on Friday, February 23rd. The mining company reported C$0.27 earnings per share for the quarter, beating the consensus estimate of C$0.15 by C$0.12. The company had revenue of C$819.90 million during the quarter, compared to analyst estimates of C$710.46 million. Hudbay Minerals had a net margin of 3.93% and a return on equity of 3.68%. Equities research analysts forecast that Hudbay Minerals will post 0.681388 EPS for the current fiscal year.
Hudbay Minerals Dividend Announcement
The business also recently announced a 1 dividend, which was paid on Tuesday, March 5th. Investors of record on Friday, March 22nd were paid a $0.02 dividend. This represents a yield of 0.13%. The ex-dividend date of this dividend was Friday, March 22nd. Hudbay Minerals’s dividend payout ratio is currently 6.67%.
Insiders Place Their Bets
In other Hudbay Minerals news, Senior Officer Mark Zachary Gupta sold 4,915 shares of Hudbay Minerals stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of C$9.45, for a total transaction of C$46,446.75. 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. Also, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of Hudbay Minerals stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of C$6.01, for a total transaction of C$117,188.99. 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.
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