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Stifel Nicolaus Remains a Buy on Hudbay Minerals (HBM)

Tipranks - Tue Mar 31, 8:32AM CDT

In a report released today, Ralph M. Profiti from Stifel Nicolaus maintained a Buy rating on Hudbay Minerals, with a price target of C$41.00.

End of Quarter Sale - 50% Off TipRanks

According to TipRanks, M. Profiti is a 5-star analyst with an average return of 26.5% and a 62.70% success rate. M. Profiti covers the Basic Materials sector, focusing on stocks such as Hudbay Minerals, Southern Cross Gold Consolidated, and Wesdome Gold Mines.

In addition to Stifel Nicolaus, Hudbay Minerals also received a Buy from ATB Cormark Capital Markets’s Stefan Ioannou in a report issued today. However, on March 26, TipRanks – xAI downgraded Hudbay Minerals (NYSE: HBM) to a Hold.

Based on Hudbay Minerals’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$732.9 million and a net profit of C$129.97 million. In comparison, last year the company earned a revenue of C$584.92 million and had a net profit of C$21.16 million

Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is neutral on the stock.

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