Canaccord Genuity Group Lowers Hudbay Minerals (TSE:HBM) Price Target to C$15.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price objective trimmed by Canaccord Genuity Group from C$16.00 to C$15.00 in a research note issued to investors on Monday, BayStreet.CA reports.

Other equities analysts have also issued reports about the company. TD Securities boosted their price target on 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. Bank of America upped their target price on Hudbay Minerals from C$8.50 to C$12.25 in a research report on Tuesday, April 9th. Stifel Nicolaus upped their target price on Hudbay Minerals from C$12.50 to C$15.00 in a research report on Thursday, May 30th. Eight Capital increased their price target on Hudbay Minerals from C$14.50 to C$18.00 in a research report on Thursday, July 11th. Finally, Cormark increased their price target on Hudbay Minerals from C$13.50 to C$15.00 and gave the company a buy rating in a research report on Monday, May 27th. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of C$14.73.

Hudbay Minerals Price Performance

Shares of HBM opened at C$11.04 on Monday. Hudbay Minerals has a 52-week low of C$5.46 and a 52-week high of C$14.33. The company has a debt-to-equity ratio of 62.72, a quick ratio of 0.85 and a current ratio of 1.40. The business’s 50 day moving average price is C$12.56 and its two-hundred day moving average price is C$10.26. The firm has a market cap of C$4.34 billion, a PE ratio of 33.45, a price-to-earnings-growth ratio of 3.97 and a beta of 1.96.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its quarterly earnings results on Tuesday, May 14th. The mining company reported C$0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.04 by C$0.18. Hudbay Minerals had a return on equity of 4.36% and a net margin of 4.34%. The firm had revenue of C$707.76 million for the quarter, compared to analyst estimates of C$635.57 million. On average, equities analysts anticipate that Hudbay Minerals will post 0.7249725 EPS for the current year.

Insider Transactions at Hudbay Minerals

In other news, Senior Officer Peter Adamek sold 5,874 shares of the 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 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. Also, Senior Officer Peter Adamek sold 5,874 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of C$13.00, for a total value of C$76,362.00. 0.08% of the stock is 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.