Hudbay Minerals (TSE:HBM) Receives Neutral Rating from CSFB

CSFB reaffirmed their neutral rating on shares of Hudbay Minerals (TSE:HBM) (NYSE:HBM) in a research report report published on Monday, September 10th. CSFB currently has a C$8.50 target price on the mining company’s stock.

A number of other research firms have also recently weighed in on HBM. National Bank Financial cut their price target on Hudbay Minerals from C$9.50 to C$9.00 and set a sector perform rating on the stock in a report on Thursday, August 2nd. Raymond James cut their price target on Hudbay Minerals from C$11.00 to C$10.00 in a report on Thursday, August 2nd. CIBC cut their price target on Hudbay Minerals from C$14.00 to C$12.00 in a report on Friday, August 3rd. Eight Capital cut their price target on Hudbay Minerals from C$13.00 to C$10.00 and set a c$6.79 rating on the stock in a report on Monday, July 23rd. Finally, Royal Bank of Canada cut their price target on Hudbay Minerals from C$13.00 to C$11.00 and set an outperform rating on the stock in a report on Monday, August 13th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Buy and an average price target of C$10.90.

TSE HBM traded down C$0.22 during trading hours on Monday, reaching C$5.96. The company’s stock had a trading volume of 4,661,500 shares, compared to its average volume of 1,742,069. Hudbay Minerals has a 52 week low of C$5.44 and a 52 week high of C$12.65.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its earnings results on Tuesday, July 31st. The mining company reported C$0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.17 by C($0.05). Hudbay Minerals had a return on equity of 19.07% and a net margin of 24.07%. The business had revenue of C$479.19 million during the quarter, compared to the consensus estimate of C$497.94 million.

The company also recently announced a Semi-Annual dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 7th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, September 6th. This represents a yield of 0.16%.

In other news, Director Carin Shirley Knickel bought 15,000 shares of the company’s stock in a transaction that occurred on Monday, September 24th. The shares were purchased at an average price of C$5.05 per share, with a total value of C$75,750.00. Also, insider Gmt Capital Corp bought 8,600 shares of the company’s stock in a transaction that occurred on Monday, July 23rd. The shares were purchased at an average cost of C$5.18 per share, for a total transaction of C$44,548.00. In the last three months, insiders have purchased 89,800 shares of company stock worth $532,824.

Hudbay Minerals Company Profile

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 four polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru; and a copper project in Arizona, the United States.

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Analyst Recommendations for Hudbay Minerals (TSE:HBM)

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