Eight Capital Increases Hudbay Minerals (HBM) Price Target to C$11.00

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Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price lifted by Eight Capital from C$10.00 to C$11.00 in a report issued on Monday morning.

Several other research analysts have also recently commented on the company. TD Securities increased their price target on Hudbay Minerals from C$10.50 to C$12.00 and gave the company a buy rating in a research report on Monday. Royal Bank of Canada increased their price target on Hudbay Minerals from C$8.00 to C$9.00 and gave the company a sector perform rating in a research report on Friday, March 1st. CIBC increased their price target on Hudbay Minerals from C$8.00 to C$9.50 in a research report on Monday, February 25th. CSFB increased their price target on Hudbay Minerals from C$8.50 to C$9.00 in a research report on Monday, February 25th. Finally, Raymond James cut Hudbay Minerals from an outperform rating to a market perform rating and set a C$9.00 price target for the company. in a research report on Thursday, February 21st. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of C$10.58.

Shares of TSE HBM opened at C$8.86 on Monday. Hudbay Minerals has a 52 week low of C$4.51 and a 52 week high of C$10.35. The company has a quick ratio of 1.94, a current ratio of 2.36 and a debt-to-equity ratio of 48.43. The company has a market cap of $2.39 billion and a P/E ratio of 27.09.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its quarterly earnings results on Tuesday, February 19th. The mining company reported C$0.07 EPS for the quarter, beating the consensus estimate of C($0.01) by C$0.08. The company had revenue of C$464.96 million for the quarter, compared to analyst estimates of C$428.92 million. As a group, equities research analysts anticipate that Hudbay Minerals will post 0.469999985693349 EPS for the current year.

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 8th will be paid a $0.01 dividend. The ex-dividend date is Thursday, March 7th. This represents a yield of 0.11%. Hudbay Minerals’s dividend payout ratio is 6.12%.

About Hudbay Minerals

Hudbay Minerals Inc, an integrated 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; and zinc metal. The company owns three polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru; and copper projects in Arizona and Nevada, the United States.

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Analyst Recommendations for Hudbay Minerals (TSE:HBM)

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