Stifel Nicolaus Analysts Give Hudbay Minerals (TSE:HBM) a C$11.25 Price Target

Stifel Nicolaus set a C$11.25 price target on Hudbay Minerals (TSE:HBM) (NYSE:HBM) in a research report sent to investors on Tuesday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the mining company’s stock.

A number of other research firms have also weighed in on HBM. Canaccord Genuity Group boosted their target price on shares of Hudbay Minerals from C$9.00 to C$9.25 and gave the stock a buy rating in a research report on Friday, January 12th. Scotiabank boosted their target price on shares of Hudbay Minerals from C$10.50 to C$11.00 and gave the stock an outperform rating in a research report on Tuesday, February 6th. Bank of America boosted their target price on shares of Hudbay Minerals from C$6.75 to C$8.50 in a research report on Tuesday, January 2nd. BMO Capital Markets cut their target price on shares of Hudbay Minerals from C$9.50 to C$8.50 and set an outperform rating for the company in a research report on Friday, December 22nd. Finally, Eight Capital set a C$11.50 target price on shares of Hudbay Minerals and gave the stock a buy rating in a research report on Wednesday, December 6th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of C$9.64.

Hudbay Minerals Trading Up 1.1 %

Shares of TSE:HBM opened at C$9.48 on Tuesday. The firm has a fifty day moving average of C$8.00 and a two-hundred day moving average of C$7.04. The firm has a market capitalization of C$3.32 billion, a P/E ratio of 31.60, a price-to-earnings-growth ratio of 3.97 and a beta of 1.96. Hudbay Minerals has a 12-month low of C$5.46 and a 12-month high of C$9.63. 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 (TSE:HBM) (NYSE:HBM) last issued its quarterly earnings data on Friday, February 23rd. The mining company reported C$0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.15 by C$0.12. The firm had revenue of C$819.90 million during 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%. On average, equities analysts expect that Hudbay Minerals will post 0.5546318 EPS for the current fiscal year.

Hudbay Minerals Dividend Announcement

The firm also recently declared a 1 dividend, which was paid on Tuesday, March 5th. Investors of record on Friday, March 22nd were given a $0.02 dividend. This represents a yield of 0.13%. The ex-dividend date was Friday, March 22nd. Hudbay Minerals’s dividend payout ratio (DPR) is presently 6.67%.

Insider Buying and Selling

In other Hudbay Minerals news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$9.45, for a total transaction of C$46,446.75. 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 shares were 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 shares were sold at an average price of C$6.01, for a total transaction of C$117,188.99. Company insiders own 0.07% 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.