Hudbay Minerals (TSE:HBM) Cut to “Sector Perform” at National Bankshares

National Bankshares downgraded shares of Hudbay Minerals (TSE:HBM) (NYSE:HBM) from an outperform rating to a sector perform rating in a research note issued to investors on Thursday morning,BayStreet.CA reports. They currently have C$40.00 price objective on the mining company’s stock, up from their previous price objective of C$28.00.

Several other research analysts also recently issued reports on the stock. UBS Group set a C$34.50 price objective on shares of Hudbay Minerals and gave the stock a “buy” rating in a research report on Friday, January 9th. Citigroup set a C$23.00 price target on Hudbay Minerals and gave the stock a “buy” rating in a report on Monday, December 15th. Stifel Nicolaus upped their price objective on Hudbay Minerals from C$20.00 to C$28.00 in a research note on Tuesday, October 21st. Bank of America increased their price objective on Hudbay Minerals from C$22.50 to C$26.75 in a research report on Thursday, October 16th. Finally, BMO Capital Markets boosted their target price on Hudbay Minerals from C$23.00 to C$24.00 in a report on Tuesday, November 18th. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$30.87.

Hudbay Minerals Trading Down 11.1%

TSE:HBM opened at C$32.25 on Thursday. The company has a market capitalization of C$12.78 billion, a PE ratio of 27.80, a P/E/G ratio of 3.97 and a beta of 2.05. Hudbay Minerals has a 52-week low of C$8.49 and a 52-week high of C$38.80. The stock’s 50 day moving average price is C$28.19 and its 200 day moving average price is C$21.96. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted its quarterly earnings data on Wednesday, November 12th. The mining company reported C$0.03 earnings per share for the quarter. The business had revenue of C$0.35 million during the quarter. Hudbay Minerals had a return on equity of 3.74% and a net margin of 4.23%. On average, research analysts anticipate that Hudbay Minerals will post 1.1220575 EPS for the current 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.