Hudbay Minerals (TSE:HBM) Rating Lowered to Hold at Natl Bk Canada

Hudbay Minerals (TSE:HBM) (NYSE:HBM) was downgraded by analysts at Natl Bk Canada from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

Other equities analysts have also issued reports about the stock. BMO Capital Markets increased their price target on shares of Hudbay Minerals from C$23.00 to C$24.00 in a research note on Tuesday, November 18th. TD Securities increased their target price on shares of Hudbay Minerals from C$17.00 to C$43.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Desjardins boosted their price target on shares of Hudbay Minerals from C$30.00 to C$36.00 and gave the company a “buy” rating in a research report on Monday. Royal Bank Of Canada upped their price objective on shares of Hudbay Minerals from C$26.00 to C$28.00 in a research note on Wednesday, December 10th. Finally, National Bankshares cut Hudbay Minerals from an “outperform” rating to a “sector perform” rating and lifted their target price for the stock from C$28.00 to C$40.00 in a research report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$30.87.

Hudbay Minerals Price Performance

Shares of HBM opened at C$36.26 on Wednesday. The firm has a market capitalization of C$14.36 billion, a price-to-earnings ratio of 31.26, a PEG ratio of 3.97 and a beta of 2.05. The firm’s fifty day simple moving average is C$27.96 and its 200-day simple moving average is C$21.78. Hudbay Minerals has a twelve month low of C$8.49 and a twelve month high of C$38.80. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 46.39.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted its earnings results on Wednesday, November 12th. The mining company reported C$0.03 EPS for the quarter. Hudbay Minerals had a return on equity of 3.74% and a net margin of 4.23%.The firm had revenue of C$0.35 million for the quarter. Equities analysts forecast that Hudbay Minerals will post 1.1220575 EPS for the current fiscal year.

About Hudbay Minerals

Hudbay Minerals Inc is a Canadian mining company with its operations, property developments, and exploration activities across the United States. The major mines that Hudbay operates are located in Manitoba, Canada, Arizona, United States; and Peru. The company is principally focused on the discovery, production, and marketing of base and precious metals. Hudbay produces copper concentrate, which contains copper, gold, and silver, as well as zinc metal. More than half the company’s revenue is attributable to the copper business.