Canaccord Genuity Group Boosts Hudbay Minerals (TSE:HBM) Price Target to C$13.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price upped by equities research analysts at Canaccord Genuity Group from C$10.50 to C$13.00 in a report issued on Wednesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the mining company’s stock. Canaccord Genuity Group’s price target would indicate a potential upside of 19.82% from the company’s current price.

A number of other brokerages have also recently weighed in on HBM. 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 on the stock in a report on Friday, December 22nd. Stifel Nicolaus set a C$11.25 target price on shares of Hudbay Minerals and gave the stock a “buy” rating in a report on Tuesday, March 26th. Scotiabank increased their target price on shares of Hudbay Minerals from C$10.50 to C$11.00 and gave the stock an “outperform” rating in a report on Tuesday, February 6th. Raymond James increased their price objective on shares of Hudbay Minerals from C$9.00 to C$10.50 in a report on Wednesday, March 20th. Finally, National Bankshares increased their price objective on shares of Hudbay Minerals from C$8.50 to C$8.75 and gave the stock a “sector perform” rating in a report on Monday, February 26th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Hudbay Minerals currently has an average rating of “Moderate Buy” and a consensus price target of C$10.48.

Hudbay Minerals Trading Up 3.5 %

TSE HBM opened at C$10.85 on Wednesday. Hudbay Minerals has a 12 month low of C$5.46 and a 12 month high of C$11.05. The company has a debt-to-equity ratio of 62.93, a current ratio of 1.25 and a quick ratio of 0.85. The company has a market capitalization of C$3.81 billion, a price-to-earnings ratio of 36.17, a price-to-earnings-growth ratio of 3.97 and a beta of 1.96. The company’s fifty day moving average price is C$8.86 and its two-hundred day moving average price is C$7.43.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its earnings results on Friday, February 23rd. The mining company reported C$0.27 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.15 by C$0.12. The company had revenue of C$819.90 million for the quarter, compared to analysts’ expectations of C$710.46 million. Hudbay Minerals had a net margin of 3.93% and a return on equity of 3.68%. As a group, research analysts predict that Hudbay Minerals will post 0.681388 earnings per share for the current fiscal year.

Insider Buying and Selling at Hudbay Minerals

In other Hudbay Minerals news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the firm’s stock in a transaction dated 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 other news, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were 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 firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$9.45, for a total transaction of C$46,446.75. 0.07% of the stock is owned by corporate 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.