Hudbay Minerals (TSE:HBM) Price Target Raised to C$31.00 at Scotiabank

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target lifted by research analysts at Scotiabank from C$26.00 to C$31.00 in a research report issued on Thursday,BayStreet.CA reports. Scotiabank’s target price would indicate a potential upside of 7.79% from the stock’s current price.

Other research analysts have also issued reports about the company. Citigroup set a C$23.00 price objective on Hudbay Minerals and gave the stock a “buy” rating in a research note on Monday, December 15th. National Bankshares upped their target price on shares of 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 stock a “buy” rating in a report on Monday, December 15th. BMO Capital Markets boosted their target price on Hudbay Minerals from C$23.00 to C$24.00 in a research note on Tuesday, November 18th. Finally, Royal Bank Of Canada increased their price target on Hudbay Minerals from C$26.00 to C$28.00 in a report on Wednesday, December 10th. Three investment analysts have rated the stock with a Strong Buy rating and nine have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$24.52.

Hudbay Minerals Stock Down 2.0%

Shares of HBM stock traded down C$0.59 on Thursday, hitting C$28.76. The company’s stock had a trading volume of 608,736 shares, compared to its average volume of 1,283,046. The stock has a market capitalization of C$11.39 billion, a price-to-earnings ratio of 24.79, a P/E/G ratio of 3.97 and a beta of 2.05. Hudbay Minerals has a fifty-two week low of C$8.49 and a fifty-two week high of C$30.50. The firm’s fifty day moving average price is C$24.51 and its 200-day moving average price is C$19.75. The company has a debt-to-equity ratio of 46.39, a current ratio of 1.86 and a quick ratio of 0.85.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted 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 for the quarter. Hudbay Minerals had a return on equity of 3.74% and a net margin of 4.23%. Research analysts anticipate 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.