Raymond James Reaffirms “Market Perform” Rating for Hudbay Minerals (TSE:HBM)
Raymond James reaffirmed their market perform rating on shares of Hudbay Minerals (TSE:HBM) (NYSE:HBM) in a research note published on Wednesday morning, BayStreet.CA reports. The brokerage currently has a C$6.50 target price on the mining company’s stock. Raymond James also issued estimates for Hudbay Minerals’ Q1 2020 earnings at $0.13 EPS, Q2 2020 earnings at $0.11 EPS, Q3 2020 earnings at $0.11 EPS, Q4 2020 earnings at $0.11 EPS, FY2020 earnings at $0.44 EPS and FY2021 earnings at $0.32 EPS.
A number of other research analysts also recently issued reports on the stock. BMO Capital Markets cut their target price on shares of Hudbay Minerals from C$10.00 to C$8.50 in a research report on Thursday, September 26th. CIBC cut their price target on shares of Hudbay Minerals from C$7.00 to C$5.00 in a research report on Friday, September 6th. CSFB cut their price target on shares of Hudbay Minerals from C$11.50 to C$8.75 in a research report on Tuesday, August 6th. Royal Bank of Canada cut their price target on shares of Hudbay Minerals from C$9.00 to C$8.00 in a research report on Friday, August 2nd. Finally, Canaccord Genuity cut their price target on shares of Hudbay Minerals from C$9.00 to C$7.00 in a research report on Monday, August 12th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of C$7.10.
TSE:HBM traded up C$0.22 during mid-day trading on Wednesday, reaching C$4.66. 1,366,000 shares of the company were exchanged, compared to its average volume of 1,244,956. Hudbay Minerals has a 12 month low of C$3.98 and a 12 month high of C$10.42. The company has a fifty day moving average of C$4.73 and a 200 day moving average of C$5.79. The company has a quick ratio of 1.57, a current ratio of 2.10 and a debt-to-equity ratio of 57.25. The stock has a market cap of $1.18 billion and a PE ratio of -3.52.
Hudbay Minerals Company Profile
Hudbay Minerals Inc, an integrated mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; and zinc metal. The company owns three polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru; and copper projects in Arizona and Nevada, the United States.
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