Jefferies Financial Group Analysts Give Hudbay Minerals (TSE:HBM) a C$13.00 Price Target

Jefferies Financial Group set a C$13.00 price objective on Hudbay Minerals (TSE:HBM) (NYSE:HBM) in a research note published on Friday, BayStreet.CA reports. The firm currently has a hold rating on the mining company’s stock.

HBM has been the subject of several other research reports. Canaccord Genuity Group increased their price target on Hudbay Minerals from C$10.50 to C$13.00 and gave the company a buy rating in a research note on Wednesday, April 17th. Scotiabank raised their price target 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 boosted their price target on shares of Hudbay Minerals from C$11.50 to C$14.00 in a research report on Wednesday, April 24th. 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 research report on Monday, February 26th. Finally, CIBC boosted their target price on shares of Hudbay Minerals from C$11.00 to C$13.00 and gave the company an outperform rating in a report on Wednesday, April 17th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of C$11.21.

Hudbay Minerals Trading Up 0.5 %

HBM opened at C$11.44 on Friday. The company’s 50 day moving average price is C$9.74 and its two-hundred day moving average price is C$7.83. The firm has a market capitalization of C$4.02 billion, a price-to-earnings ratio of 39.45, a PEG ratio of 3.97 and a beta of 2.02. Hudbay Minerals has a fifty-two week low of C$5.46 and a fifty-two week high of C$12.06. The company has a debt-to-equity ratio of 62.93, a current ratio of 1.25 and a quick ratio of 0.85.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its quarterly earnings data on Friday, February 23rd. The mining company reported C$0.27 earnings per share for the quarter, topping the consensus estimate 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 0.6911942 earnings per share for the current year.

Hudbay Minerals Dividend Announcement

The business also recently disclosed a 1 dividend, which was paid on Tuesday, March 5th. Stockholders of record on Friday, March 22nd were given a dividend of $0.02 per share. The ex-dividend date was Friday, March 22nd. This represents a dividend yield of 0.13%. Hudbay Minerals’s dividend payout ratio (DPR) is presently 6.90%.

Insider Activity at Hudbay Minerals

In related 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 transaction of C$117,188.99. In other Hudbay Minerals news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$9.45, for a total value of C$46,446.75. Also, 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 transaction of C$117,188.99. 0.08% of the stock is currently 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.