Barclays Reiterates C$41.00 Price Target for Hudbay Minerals (TSE:HBM)

Hudbay Minerals (TSE:HBM) (NYSE:HBM) has been given a C$41.00 price target by research analysts at Barclays in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has an “overweight” rating on the mining company’s stock. Barclays‘s price target indicates a potential upside of 20.23% from the stock’s current price.

Other analysts also recently issued reports about the company. Royal Bank Of Canada increased their price objective on Hudbay Minerals from C$28.00 to C$40.00 in a research note on Thursday, March 12th. Bank of America increased their price objective on Hudbay Minerals from C$37.75 to C$44.50 in a research note on Thursday, February 26th. ATB Cormark Capital Markets increased their price objective on Hudbay Minerals from C$26.00 to C$37.50 and gave the stock an “outperform” rating in a research note on Monday, February 23rd. Citigroup increased their price objective on Hudbay Minerals from C$23.00 to C$32.50 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Finally, Canaccord Genuity Group lowered their price objective on Hudbay Minerals from C$41.00 to C$40.00 in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$39.22.

Hudbay Minerals Stock Up 0.1%

TSE:HBM traded up C$0.04 on Friday, hitting C$34.10. The stock had a trading volume of 761,122 shares, compared to its average volume of 2,078,591. The company has a market cap of C$13.54 billion, a PE ratio of 20.42, a P/E/G ratio of 3.97 and a beta of 2.34. Hudbay Minerals has a 52 week low of C$11.64 and a 52 week high of C$38.94. The business’s fifty day moving average is C$31.53 and its 200 day moving average is C$29.94. The company has a quick ratio of 0.85, a current ratio of 1.36 and a debt-to-equity ratio of 30.14.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its quarterly earnings data on Friday, May 1st. The mining company reported C$0.56 EPS for the quarter. The firm had revenue of C$1.05 billion during the quarter. Hudbay Minerals had a return on equity of 20.70% and a net margin of 27.86%. On average, equities research analysts expect that Hudbay Minerals will post 1.1220575 EPS for the current fiscal year.

Insider Activity at Hudbay Minerals

In other Hudbay Minerals news, insider Eugene Chi-Yen Lei purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, March 27th. The stock was bought at an average cost of C$26.85 per share, with a total value of C$26,850.00. Following the completion of the transaction, the insider owned 195,847 shares of the company’s stock, valued at C$5,258,491.95. The trade was a 0.51% increase in their position. Insiders own 0.07% of the company’s stock.

Hudbay Minerals Company Profile

Hudbay (TSX, NYSE: HBM) is a copper-focused critical minerals mining company with three long-life operations and a world-class pipeline of copper growth projects in tier-one mining jurisdictions of Canada, Peru and the United States. Hudbay’s operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the Company, which is complemented by meaningful gold production and by-product zinc, silver and molybdenum.