Hudbay Minerals (TSE:HBM – Free Report) (NYSE:HBM) had its price objective increased by Canaccord Genuity Group from C$10.50 to C$13.00 in a report released on Wednesday, BayStreet.CA reports. They currently have a buy rating on the mining company’s stock.
A number of other research firms have also recently issued reports on HBM. Scotiabank boosted their target price on Hudbay Minerals from C$10.50 to C$11.00 and gave the company an outperform rating in a research note on Tuesday, February 6th. BMO Capital Markets decreased their target price on Hudbay Minerals from C$9.50 to C$8.50 and set an outperform rating for the company in a research note on Friday, December 22nd. Stifel Nicolaus set a C$11.25 target price on Hudbay Minerals and gave the company a buy rating in a research note on Tuesday, March 26th. National Bankshares boosted their target price on Hudbay Minerals from C$8.50 to C$8.75 and gave the company a sector perform rating in a research note on Monday, February 26th. Finally, Bank of America upped their price objective on Hudbay Minerals from C$8.50 to C$12.25 in a research report on Tuesday, April 9th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of C$10.48.
Read Our Latest Report on Hudbay Minerals
Hudbay Minerals Stock Down 1.2 %
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. Hudbay Minerals had a return on equity of 3.68% and a net margin of 3.93%. The business had revenue of C$819.90 million during the quarter, compared to analysts’ expectations of C$710.46 million. Research analysts predict that Hudbay Minerals will post 0.681388 EPS for the current year.
Hudbay Minerals Announces Dividend
The firm also recently disclosed a 1 dividend, which was paid on Tuesday, March 5th. Shareholders of record on Friday, March 22nd were paid a $0.02 dividend. The ex-dividend date of this dividend was Friday, March 22nd. This represents a yield of 0.13%. Hudbay Minerals’s dividend payout ratio is 6.67%.
Insider Buying and Selling at Hudbay Minerals
In other Hudbay Minerals news, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the company’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 value of C$117,188.99. In other news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the 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. Also, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the 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 value of C$117,188.99. Corporate 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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