Stifel Nicolaus Boosts Hudbay Minerals (TSE:HBM) Price Target to C$16.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price lifted by Stifel Nicolaus from C$15.00 to C$16.00 in a research report sent to investors on Monday, BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the mining company’s stock.

A number of other equities analysts have also weighed in on the stock. National Bankshares lifted their price target on shares of Hudbay Minerals from C$16.50 to C$17.00 and gave the company an outperform rating in a report on Monday, July 15th. CIBC raised their target price on shares of Hudbay Minerals from C$14.50 to C$15.50 and gave the company an outperform rating in a research note on Thursday, June 20th. Bank of America lifted their price target on shares of Hudbay Minerals from C$8.50 to C$12.25 in a research note on Tuesday, April 9th. Eight Capital lifted their price target on shares of Hudbay Minerals from C$14.50 to C$18.00 in a research note on Thursday, July 11th. Finally, TD Securities raised their price objective on shares of Hudbay Minerals from C$14.00 to C$16.00 and gave the stock a buy rating in a report on Wednesday, May 15th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of C$14.73.

Hudbay Minerals Stock Down 0.9 %

Shares of TSE HBM opened at C$11.04 on Monday. Hudbay Minerals has a 1 year low of C$5.46 and a 1 year high of C$14.33. The firm’s 50 day moving average price is C$12.56 and its 200 day moving average price is C$10.26. The firm has a market cap of C$4.34 billion, a P/E ratio of 33.45, a price-to-earnings-growth ratio of 3.97 and a beta of 1.96. The company has a debt-to-equity ratio of 62.72, a quick ratio of 0.85 and a current ratio of 1.40.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its earnings results on Tuesday, May 14th. The mining company reported C$0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.04 by C$0.18. Hudbay Minerals had a net margin of 4.34% and a return on equity of 4.36%. The firm had revenue of C$707.76 million for the quarter, compared to analyst estimates of C$635.57 million. As a group, sell-side analysts anticipate that Hudbay Minerals will post 0.7249725 earnings per share for the current year.

Insiders Place Their Bets

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 transaction of C$76,362.00. In related news, Director Gregory Paul Dryden sold 26,625 shares of the business’s 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 the business’s 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 owned by 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.