Hudbay Minerals (TSE:HBM) PT Raised to C$14.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price upped by investment analysts at Raymond James from C$13.00 to C$14.00 in a report issued on Wednesday, Analyst Price Targets reports. The brokerage currently has an “outperform” rating on the mining company’s stock. Raymond James’ price target would indicate a potential upside of 64.32% from the stock’s previous close. Raymond James also issued estimates for Hudbay Minerals’ Q1 2022 earnings at $0.31 EPS and Q2 2022 earnings at $0.25 EPS.

Other equities analysts have also recently issued reports about the stock. National Bank Financial boosted their target price on shares of Hudbay Minerals to C$13.00 and gave the company a “sector perform” rating in a research report on Thursday, May 20th. Cormark boosted their target price on shares of Hudbay Minerals from C$12.50 to C$13.00 in a research report on Tuesday, February 23rd. Canaccord Genuity decreased their price target on shares of Hudbay Minerals from C$12.00 to C$11.00 and set a “strong-buy” rating on the stock in a report on Tuesday, March 30th. TD Securities lifted their price target on shares of Hudbay Minerals from C$11.00 to C$12.50 and gave the company a “buy” rating in a report on Friday, February 19th. Finally, Haywood Securities lifted their price target on shares of Hudbay Minerals from C$12.00 to C$14.00 and gave the company a “buy” rating in a report on Thursday, April 22nd. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Hudbay Minerals currently has an average rating of “Buy” and an average price target of C$13.28.

Shares of Hudbay Minerals stock opened at C$8.52 on Wednesday. Hudbay Minerals has a twelve month low of C$3.67 and a twelve month high of C$11.62. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 74.45. The business has a 50-day simple moving average of C$9.49. The firm has a market cap of C$2.23 billion and a PE ratio of -14.30.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its quarterly earnings data on Tuesday, May 11th. The mining company reported C($0.08) earnings per share for the quarter, missing the consensus estimate of C$0.05 by C($0.13). The business had revenue of C$397.17 million for the quarter, compared to analyst estimates of C$438.71 million. On average, equities analysts forecast that Hudbay Minerals will post 1.03 EPS for the current year.

In related news, Senior Officer Robert Assabgui sold 2,852 shares of the business’s stock in a transaction on Friday, May 14th. The shares were sold at an average price of C$10.00, for a total transaction of C$28,520.00. Following the transaction, the insider now owns 37,807 shares in the company, valued at approximately C$378,070.

Hudbay Minerals Company Profile

Hudbay Minerals Inc, a diversified mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; molybdenum concentrates; and zinc metals.

Recommended Story: What is the quiet period?

Analyst Recommendations for Hudbay Minerals (TSE:HBM)

Receive News & Ratings for Hudbay Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudbay Minerals and related companies with MarketBeat.com's FREE daily email newsletter.