Hudbay Minerals (TSE:HBM) Price Target Raised to C$36.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target hoisted by Raymond James Financial from C$34.00 to C$36.00 in a report released on Monday,BayStreet.CA reports. The firm currently has an outperform rating on the mining company’s stock.

HBM has been the subject of a number of other research reports. UBS Group set a C$34.50 price objective on shares of Hudbay Minerals and gave the company a “buy” rating in a report on Friday, January 9th. Jefferies Financial Group increased their price target on shares of Hudbay Minerals from C$31.00 to C$37.00 in a research note on Monday, January 19th. Citigroup set a C$23.00 price target on shares of Hudbay Minerals and gave the company a “buy” rating in a research report on Monday, December 15th. National Bankshares upped their price objective on Hudbay Minerals from C$22.00 to C$25.00 in a report on Wednesday, October 8th. Finally, Desjardins increased their price objective on Hudbay Minerals from C$26.00 to C$30.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. Three research analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$29.71.

Hudbay Minerals Price Performance

HBM stock opened at C$36.70 on Monday. Hudbay Minerals has a 1 year low of C$8.49 and a 1 year high of C$36.79. 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 firm has a market capitalization of C$14.54 billion, a PE ratio of 31.64, a price-to-earnings-growth ratio of 3.97 and a beta of 2.05. The business has a 50 day simple moving average of C$27.65 and a 200-day simple moving average of C$21.68.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released its quarterly earnings data 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%. Equities research analysts anticipate 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.