Hudbay Minerals (TSE:HBM – Get Free Report) (NYSE:HBM) received a C$13.00 target price from equities research analysts at Jefferies Financial Group in a report issued on Friday, BayStreet.CA reports. The firm currently has a “hold” rating on the mining company’s stock. Jefferies Financial Group’s price objective would suggest a potential upside of 13.64% from the company’s current price.
Several other research analysts also recently weighed in on the stock. CIBC upped their price objective on shares of Hudbay Minerals from C$11.00 to C$13.00 and gave the stock an “outperform” rating in a report on Wednesday, April 17th. Bank of America lifted their price objective on shares of Hudbay Minerals from C$8.50 to C$12.25 in a report on Tuesday, April 9th. Raymond James lifted their price objective on shares of Hudbay Minerals from C$11.50 to C$14.00 in a report on Wednesday, April 24th. Stifel Nicolaus set a C$11.25 price objective on shares of Hudbay Minerals and gave the company a “buy” rating in a report on Tuesday, March 26th. Finally, National Bankshares lifted 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. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$11.21.
Get Our Latest Analysis on HBM
Hudbay Minerals Trading Up 0.5 %
Hudbay Minerals (TSE:HBM – Get Free Report) (NYSE:HBM) last issued its earnings results on Friday, February 23rd. The mining company reported C$0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.15 by C$0.12. The business had revenue of C$819.90 million for the quarter, compared to analyst estimates of C$710.46 million. Hudbay Minerals had a net margin of 3.93% and a return on equity of 3.68%. Equities analysts expect that Hudbay Minerals will post 0.6911942 earnings per share for the current year.
Insiders Place Their Bets
In other Hudbay Minerals news, Senior Officer Mark Zachary Gupta sold 4,915 shares of Hudbay Minerals stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$9.45, for a total value of C$46,446.75. In other news, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of Hudbay Minerals stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of C$6.01, for a total value of C$117,188.99. Also, Senior Officer Mark Zachary Gupta sold 4,915 shares of Hudbay Minerals stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$9.45, for a total transaction of C$46,446.75. Insiders own 0.08% 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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