Raymond James Increases Hudbay Minerals (TSE:HBM) Price Target to C$9.00

Hudbay Minerals (TSE:HBMGet Rating) (NYSE:HBM) had its price objective raised by investment analysts at Raymond James from C$7.50 to C$9.00 in a report issued on Wednesday, BayStreet.CA reports. Raymond James’ target price would suggest a potential upside of 20.32% from the company’s previous close.

Several other brokerages have also recently issued reports on HBM. Barclays cut Hudbay Minerals from an “overweight” rating to an “equal weight” rating in a report on Monday, October 17th. Bank of America boosted their price objective on Hudbay Minerals from C$6.80 to C$8.00 in a report on Tuesday. Eight Capital decreased their price objective on Hudbay Minerals from C$11.00 to C$10.00 in a report on Wednesday, October 26th. Credit Suisse Group boosted their price objective on Hudbay Minerals to C$8.50 in a report on Tuesday. Finally, CSFB boosted their price objective on Hudbay Minerals from C$7.00 to C$8.50 in a report on Tuesday. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Hudbay Minerals presently has a consensus rating of “Moderate Buy” and an average target price of C$8.97.

Hudbay Minerals Stock Up 0.5 %

Hudbay Minerals stock opened at C$7.48 on Wednesday. The company has a debt-to-equity ratio of 79.51, a quick ratio of 0.85 and a current ratio of 1.24. The business’s 50-day simple moving average is C$5.97 and its two-hundred day simple moving average is C$5.89. The company has a market cap of C$1.96 billion and a PE ratio of 19.18. Hudbay Minerals has a fifty-two week low of C$4.07 and a fifty-two week high of C$11.17.

Hudbay Minerals Company Profile

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Hudbay Minerals Inc, a diversified 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; silver/gold doré; molybdenum concentrates; and zinc metals.

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