Hudbay Minerals (TSE:HBM – Get Free Report) (NYSE:HBM) had its target price boosted by CIBC from C$11.00 to C$13.00 in a report issued on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the mining company’s stock. CIBC’s target price points to a potential upside of 19.82% from the stock’s current price.
A number of other brokerages have also commented on HBM. Canaccord Genuity Group lifted their price objective on Hudbay Minerals from C$9.25 to C$10.50 in a research report on Monday, April 1st. Stifel Nicolaus set a C$11.25 price objective on Hudbay Minerals and gave the stock a “buy” rating in a research report on Tuesday, March 26th. National Bankshares lifted their price objective on Hudbay Minerals from C$8.50 to C$8.75 and gave the stock a “sector perform” rating in a research report on Monday, February 26th. Raymond James lifted their price objective on Hudbay Minerals from C$9.00 to C$10.50 in a research report on Wednesday, March 20th. Finally, Scotiabank raised their target price on Hudbay Minerals from C$10.50 to C$11.00 and gave the stock an “outperform” rating in a report on Tuesday, February 6th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Hudbay Minerals presently has a consensus rating of “Moderate Buy” and a consensus target price of C$10.48.
View Our Latest Research Report on Hudbay Minerals
Hudbay Minerals Stock Performance
Hudbay Minerals (TSE:HBM – Get Free Report) (NYSE:HBM) last announced its quarterly earnings data 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 firm 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%. On average, equities research analysts predict that Hudbay Minerals will post 0.681388 EPS for the current fiscal year.
Insiders Place Their Bets
In other Hudbay Minerals news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of C$9.45, for a total transaction of C$46,446.75. In other Hudbay Minerals news, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the business’s stock in a transaction that occurred 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 business’s stock in a transaction that occurred 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. Insiders own 0.07% of the company’s stock.
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.
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