Hudbay Minerals (TSE:HBM – Get Free Report) (NYSE:HBM) had its price target lifted by analysts at Canaccord Genuity Group from C$10.50 to C$13.00 in a report released on Wednesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the mining company’s stock. Canaccord Genuity Group’s price target points to a potential upside of 24.05% from the stock’s previous close.
Other research analysts also recently issued research reports about the company. Stifel Nicolaus set a C$11.25 target price on Hudbay Minerals and gave the company a “buy” rating in a report on Tuesday, March 26th. Raymond James lifted their price objective on shares of Hudbay Minerals from C$9.00 to C$10.50 in a research report on Wednesday, March 20th. BMO Capital Markets dropped their target price on shares of Hudbay Minerals from C$9.50 to C$8.50 and set an “outperform” rating for the company in a research report on Friday, December 22nd. Scotiabank lifted their price target on shares of Hudbay Minerals from C$10.50 to C$11.00 and gave the company an “outperform” rating in a report on Tuesday, February 6th. Finally, National Bankshares increased their price objective on shares of Hudbay Minerals from C$8.50 to C$8.75 and gave the company a “sector perform” rating in a report on Monday, February 26th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Hudbay Minerals has a consensus rating of “Moderate Buy” and a consensus target price of C$10.32.
Read Our Latest Research Report on Hudbay Minerals
Hudbay Minerals Stock Up 0.3 %
Hudbay Minerals (TSE:HBM – Get Free Report) (NYSE:HBM) last posted its earnings results on Friday, February 23rd. The mining company reported C$0.27 EPS for the quarter, topping analysts’ consensus estimates of C$0.15 by C$0.12. The business had revenue of C$819.90 million during the quarter, compared to analyst estimates of C$710.46 million. Hudbay Minerals had a return on equity of 3.68% and a net margin of 3.93%. As a group, equities analysts forecast that Hudbay Minerals will post 0.681388 earnings per share for the current fiscal year.
Insider Transactions at Hudbay Minerals
In related news, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of C$6.01, for a total transaction of C$117,188.99. In other Hudbay Minerals news, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of C$6.01, for a total transaction of C$117,188.99. Also, Senior Officer Mark Zachary Gupta sold 4,915 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of C$9.45, for a total value of C$46,446.75. Company insiders own 0.07% of the company’s stock.
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.
Recommended Stories
- Five stocks we like better than Hudbay Minerals
- How to Calculate Inflation Rate
- United Airlines Soars on Earnings Beat
- Insider Buying Explained: What Investors Need to Know
- J.B. Hunt Hits the Skids: Lower Prices to Come
- What Are Dividend Contenders? Investing in Dividend Contenders
- Predicting a Bear Market: 7 Signs and Why it’s Tough to Do
Receive News & Ratings for Hudbay Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudbay Minerals and related companies with MarketBeat.com's FREE daily email newsletter.