Hudbay Minerals (TSE:HBM – Get Rating) (NYSE:HBM) had its target price hoisted by equities researchers at Haywood Securities from C$7.00 to C$10.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. Haywood Securities' price objective would suggest a potential upside of 36.80% from the company's previous close.
HBM has been the subject of a number of other reports. Eight Capital cut their price objective on Hudbay Minerals from C$11.00 to C$10.00 in a research report on Wednesday, October 26th. Bank of America increased their target price on Hudbay Minerals from C$8.00 to C$8.25 in a research note on Wednesday, January 25th. CSFB increased their target price on Hudbay Minerals from C$7.00 to C$8.50 in a research note on Tuesday, November 22nd. Raymond James increased their target price on Hudbay Minerals from C$9.00 to C$10.00 and gave the stock an "outperform" rating in a research note on Tuesday. Finally, Barclays lowered Hudbay Minerals from an "overweight" rating to an "equal weight" rating in a research note on Monday, October 17th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of C$9.02.
Get Hudbay Minerals alerts:Hudbay Minerals Stock Performance
HBM opened at C$7.31 on Thursday. Hudbay Minerals has a 12-month low of C$4.07 and a 12-month high of C$11.17. The stock has a market cap of C$1.91 billion and a price-to-earnings ratio of 18.74. The business has a 50 day moving average of C$7.44 and a 200-day moving average of C$6.30. The company has a quick ratio of 0.85, a current ratio of 1.24 and a debt-to-equity ratio of 79.51.
Hudbay Minerals (TSE:HBM – Get Rating) (NYSE:HBM) last released its quarterly earnings data on Wednesday, November 2nd. The mining company reported C($0.06) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C($0.08) by C$0.02. The business had revenue of C$451.69 million during the quarter, compared to analyst estimates of C$393.87 million. On average, equities research analysts expect that Hudbay Minerals will post 0.85 earnings per share for the current year.Insiders Place Their Bets
In other Hudbay Minerals news, insider Waterton Global Resource Management, Inc. sold 3,000,000 shares of the firm's stock in a transaction on Thursday, December 8th. The stock was sold at an average price of C$7.25, for a total transaction of C$21,750,480.00. Following the transaction, the insider now owns 18,927,643 shares in the company, valued at approximately C$137,228,440.17.
About Hudbay Minerals
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Hudbay Minerals Inc, a diversified mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; silver/gold doré; molybdenum concentrates; and zinc metals.
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