Hudbay Minerals (TSE:HBM – Free Report) (NYSE:HBM) had its target price upped by CIBC from C$14.50 to C$15.50 in a research report report published on Thursday morning, BayStreet.CA reports. They currently have an outperform rating on the mining company’s stock.
Several other research analysts have also weighed in on the company. Royal Bank of Canada boosted their price target on Hudbay Minerals from C$11.00 to C$17.00 and gave the stock an outperform rating in a research report on Wednesday, May 15th. Haywood Securities boosted their target price on Hudbay Minerals from C$13.00 to C$16.00 in a report on Thursday, May 16th. Bank of America boosted their target price on Hudbay Minerals from C$8.50 to C$12.25 in a report on Tuesday, April 9th. Cormark boosted their target price on Hudbay Minerals from C$13.50 to C$15.00 and gave the stock a buy rating in a report on Monday, May 27th. Finally, Jefferies Financial Group set a C$13.00 target price on Hudbay Minerals and gave the stock a hold rating in a report on Friday, May 3rd. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Hudbay Minerals has a consensus rating of Moderate Buy and an average price target of C$14.42.
Read Our Latest Stock Report on HBM
Hudbay Minerals Trading Up 1.2 %
Hudbay Minerals (TSE:HBM – Get Free Report) (NYSE:HBM) last posted its quarterly earnings results on Tuesday, May 14th. The mining company reported C$0.22 earnings per share for the quarter, topping the consensus estimate of C$0.04 by C$0.18. The firm had revenue of C$707.76 million for the quarter, compared to analyst estimates of C$635.57 million. Hudbay Minerals had a return on equity of 4.36% and a net margin of 4.34%. As a group, analysts anticipate that Hudbay Minerals will post 0.7249725 earnings per share for the current fiscal year.
Insider Activity
In other news, Senior Officer Peter Adamek sold 5,874 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of C$13.00, for a total transaction of C$76,362.00. In related news, Director Gregory Paul Dryden sold 26,625 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of C$10.23, for a total transaction of C$272,496.23. Also, Senior Officer Peter Adamek sold 5,874 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of C$13.00, for a total value of C$76,362.00. Corporate 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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