Jefferies Financial Group Issues Pessimistic Forecast for Hudbay Minerals (TSE:HBM) Stock Price

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price objective reduced by investment analysts at Jefferies Financial Group from C$57.00 to C$50.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Jefferies Financial Group’s price target suggests a potential upside of 51.70% from the stock’s previous close.

A number of other analysts have also recently weighed in on the company. Canaccord Genuity Group reduced their price target on Hudbay Minerals from C$41.00 to C$40.00 in a research report on Monday, May 4th. Canadian Imperial Bank of Commerce lifted their price objective on Hudbay Minerals from C$42.00 to C$46.00 in a research report on Tuesday, April 21st. BMO Capital Markets boosted their price objective on shares of Hudbay Minerals from C$33.00 to C$39.00 in a report on Wednesday, April 22nd. Barclays set a C$41.00 target price on shares of Hudbay Minerals and gave the stock an “overweight” rating in a research report on Friday, May 22nd. Finally, Royal Bank Of Canada lifted their price target on Hudbay Minerals from C$28.00 to C$40.00 in a report on Thursday, March 12th. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$40.56.

Hudbay Minerals Stock Performance

Shares of HBM traded up C$0.06 during trading hours on Monday, reaching C$32.96. 677,944 shares of the company traded hands, compared to its average volume of 2,134,469. The business has a fifty day moving average price of C$35.81 and a 200-day moving average price of C$33.00. 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 has a 12-month low of C$12.35 and a 12-month high of C$44.48. The stock has a market capitalization of C$14.63 billion, a P/E ratio of 19.74, a P/E/G ratio of 3.97 and a beta of 2.36.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted 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 net margin of 27.86% and a return on equity of 20.70%. Equities analysts anticipate that Hudbay Minerals will post 1.1220575 EPS for the current fiscal year.

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.