Hudbay Minerals (TSE:HBM) Price Target Raised to C$37.50

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price objective upped by ATB Cormark Capital Markets from C$26.00 to C$37.50 in a research note released on Monday,BayStreet.CA reports. The brokerage currently has an outperform rating on the mining company’s stock.

A number of other analysts have also commented on HBM. Citigroup lifted their price objective on Hudbay Minerals from C$23.00 to C$32.50 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Jefferies Financial Group boosted their price target on shares of Hudbay Minerals from C$31.00 to C$37.00 in a research note on Monday, January 19th. Canadian Imperial Bank of Commerce increased their price objective on shares of Hudbay Minerals from C$35.00 to C$42.00 in a report on Wednesday, February 4th. UBS Group set a C$34.50 target price on shares of Hudbay Minerals and gave the stock a “buy” rating in a report on Friday, January 9th. Finally, Raymond James Financial upped their target price on shares of Hudbay Minerals from C$34.00 to C$36.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$35.78.

Hudbay Minerals Stock Performance

HBM stock opened at C$37.90 on Monday. The company has a 50 day moving average price of C$32.04 and a 200 day moving average price of C$24.69. Hudbay Minerals has a fifty-two week low of C$8.49 and a fifty-two week high of C$38.91. The company has a debt-to-equity ratio of 46.39, a current ratio of 1.86 and a quick ratio of 0.85. The stock has a market capitalization of C$15.01 billion, a PE ratio of 32.67, a price-to-earnings-growth ratio of 3.97 and a beta of 2.16.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released its earnings results on Friday, February 20th. The mining company reported C$0.30 EPS for the quarter. The company had revenue of C$747.72 million during the quarter. Hudbay Minerals had a return on equity of 3.74% and a net margin of 4.23%. Analysts forecast that Hudbay Minerals will post 1.1220575 EPS for the current 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.