Hudbay Minerals (TSE:HBM – Get Rating) (NYSE:HBM) had its target price lifted by CSFB from C$8.50 to C$9.00 in a research note issued to investors on Thursday morning, BayStreet.CA reports.
A number of other equities research analysts have also recently issued reports on the company. Eight Capital decreased their target price on Hudbay Minerals from C$11.00 to C$10.00 in a research report on Wednesday, October 26th. Raymond James increased their price objective on Hudbay Minerals from C$9.00 to C$10.00 and gave the company an outperform rating in a research report on Tuesday, January 31st. Scotiabank reissued a sector outperform rating on shares of Hudbay Minerals in a research report on Monday, October 24th. TD Securities reduced their target price on Hudbay Minerals from C$9.00 to C$8.00 and set a buy rating for the company in a research report on Thursday, November 3rd. Finally, Bank of America raised their target price on Hudbay Minerals from C$8.00 to C$8.25 in a research report on Wednesday, January 25th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of C$9.02.
Get Hudbay Minerals alerts:Hudbay Minerals Stock Up 1.1 %
Shares of Hudbay Minerals stock opened at C$7.31 on Thursday. The stock has a market capitalization of C$1.91 billion and a P/E ratio of 18.74. The company has a quick ratio of 0.85, a current ratio of 1.24 and a debt-to-equity ratio of 79.51. The stock has a 50 day moving average price of C$7.44 and a two-hundred day moving average price of C$6.31. Hudbay Minerals has a 12-month low of C$4.07 and a 12-month high of C$11.17.
Hudbay Minerals (TSE:HBM – Get Rating) (NYSE:HBM) last announced its earnings results on Wednesday, November 2nd. The mining company reported C($0.06) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C($0.08) by C$0.02. The company had revenue of C$451.69 million for the quarter, compared to the consensus estimate of C$393.87 million. Equities analysts expect that Hudbay Minerals will post 0.85 earnings per share for the current year.Insider Activity
In other 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 value of C$21,750,480.00. Following the completion of the sale, the insider now directly owns 18,927,643 shares in the company, valued at C$137,228,440.17.
Hudbay Minerals Company Profile
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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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