Hudbay Minerals (TSE:HBM) Price Target Raised to C$37.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target lifted by Jefferies Financial Group from C$31.00 to C$37.00 in a research report sent to investors on Monday,BayStreet.CA reports.

Several other analysts also recently issued reports on HBM. Bank of America upped their price objective on Hudbay Minerals from C$22.50 to C$26.75 in a research report on Thursday, October 16th. Scotiabank boosted their target price on shares of Hudbay Minerals from C$26.00 to C$31.00 in a research note on Thursday, January 8th. National Bankshares raised their price target on shares of Hudbay Minerals from C$22.00 to C$25.00 in a research note on Wednesday, October 8th. Citigroup set a C$23.00 price target on shares of Hudbay Minerals and gave the stock a “buy” rating in a report on Monday, December 15th. Finally, BMO Capital Markets upped their price objective on shares of Hudbay Minerals from C$23.00 to C$24.00 in a research note on Tuesday, November 18th. Three research analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$25.75.

Hudbay Minerals Stock Down 2.6%

HBM stock opened at C$33.24 on Monday. The company’s 50 day simple moving average is C$26.33 and its 200-day simple moving average is C$20.97. The firm has a market capitalization of C$13.17 billion, a PE ratio of 28.66, a P/E/G ratio of 3.97 and a beta of 2.05. Hudbay Minerals has a 12 month low of C$8.49 and a 12 month high of C$35.10. 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 issued its quarterly earnings data on Wednesday, November 12th. The mining company reported C$0.03 earnings per share (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 during the quarter. Equities analysts expect that Hudbay Minerals will post 1.1220575 earnings per share 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.