Hudbay Minerals (TSE:HBM) Given a C$34.50 Price Target at UBS Group

Hudbay Minerals (TSE:HBM) (NYSE:HBM) has been given a C$34.50 price target by equities researchers at UBS Group in a report released on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the mining company’s stock. UBS Group’s price objective points to a potential upside of 15.15% from the company’s current price.

A number of other research firms have also issued reports on HBM. Stifel Nicolaus increased their target price on shares of Hudbay Minerals from C$20.00 to C$28.00 in a report on Tuesday, October 21st. National Bankshares upped their price objective on Hudbay Minerals from C$22.00 to C$25.00 in a research report on Wednesday, October 8th. Desjardins lifted their target price on Hudbay Minerals from C$26.00 to C$30.00 and gave the company a “buy” rating in a report on Monday, December 15th. Citigroup set a C$23.00 target price on Hudbay Minerals and gave the stock a “buy” rating in a research note on Monday, December 15th. Finally, BMO Capital Markets increased their price target on Hudbay Minerals from C$23.00 to C$24.00 in a research report on Tuesday, November 18th. Three research analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$25.29.

Hudbay Minerals Trading Up 2.4%

Shares of HBM traded up C$0.69 during midday trading on Friday, hitting C$29.96. 590,306 shares of the stock were exchanged, compared to its average volume of 1,245,447. The stock has a fifty day simple moving average of C$24.65 and a 200 day simple moving average of C$19.82. Hudbay Minerals has a 52-week low of C$8.49 and a 52-week high of C$30.50. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.85 and a current ratio of 1.86. The firm has a market cap of C$11.87 billion, a P/E ratio of 25.83, a P/E/G ratio of 3.97 and a beta of 2.05.

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

Hudbay Minerals Company Profile

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.