Hudbay Minerals (TSE:HBM) PT Raised to C$17.00 at BMO Capital Markets

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target upped by BMO Capital Markets from C$15.00 to C$17.00 in a research note published on Tuesday, BayStreet.CA reports. They currently have an outperform rating on the mining company’s stock.

Several other brokerages also recently weighed in on HBM. Jefferies Financial Group set a C$13.00 target price on shares of Hudbay Minerals and gave the company a hold rating in a research note on Friday, May 3rd. TD Securities upped their target price on shares of Hudbay Minerals from C$14.00 to C$16.00 and gave the company a buy rating in a research note on Wednesday, May 15th. Eight Capital upped their target price on shares of Hudbay Minerals from C$12.00 to C$14.50 and gave the company a buy rating in a research note on Monday, April 22nd. National Bankshares upgraded shares of Hudbay Minerals from a sector perform rating to an outperform rating and upped their target price for the company from C$12.00 to C$15.50 in a research note on Wednesday, May 15th. Finally, Haywood Securities upped their target price on shares of Hudbay Minerals from C$13.00 to C$16.00 in a research note on Thursday, May 16th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Hudbay Minerals has an average rating of Moderate Buy and a consensus price target of C$13.90.

Hudbay Minerals Price Performance

HBM opened at C$13.18 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 1.25 and a debt-to-equity ratio of 62.93. Hudbay Minerals has a 52-week low of C$5.46 and a 52-week high of C$14.33. The company has a 50 day moving average of C$11.06 and a two-hundred day moving average of C$8.51. The company has a market cap of C$4.63 billion, a P/E ratio of 45.45, a P/E/G ratio of 3.97 and a beta of 1.96.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released its quarterly earnings data 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 company had revenue of C$819.90 million during the quarter, compared to the consensus estimate of C$710.46 million. Hudbay Minerals had a net margin of 3.93% and a return on equity of 3.68%. On average, analysts expect that Hudbay Minerals will post 0.7897465 earnings per share for the current year.

Hudbay Minerals Announces Dividend

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

Insiders Place Their Bets

In other Hudbay Minerals news, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of C$6.01, for a total transaction of C$117,188.99. In related news, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the 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, Director Gregory Paul Dryden sold 26,625 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of C$10.23, for a total transaction of C$272,496.23. Over the last three months, insiders have sold 51,039 shares of company stock valued at $436,132. Company insiders own 0.08% of the company’s stock.

About Hudbay Minerals

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.