Hudbay Minerals (TSE:HBM) Given a C$23.00 Price Target by Citigroup Analysts

Hudbay Minerals (TSE:HBM) (NYSE:HBM) has been assigned a C$23.00 target price by equities researchers at Citigroup in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. The brokerage currently has a “buy” rating on the mining company’s stock. Citigroup’s price target would suggest a potential downside of 9.95% from the company’s previous close.

Several other research firms also recently weighed in on HBM. Bank of America boosted their price target on Hudbay Minerals from C$22.50 to C$26.75 in a research note on Thursday, October 16th. Stifel Nicolaus lifted their target price on Hudbay Minerals from C$20.00 to C$28.00 in a report on Tuesday, October 21st. Jefferies Financial Group upped their target price on Hudbay Minerals from C$27.00 to C$31.00 in a research report on Monday, December 8th. Royal Bank Of Canada increased their price target on shares of Hudbay Minerals from C$26.00 to C$28.00 in a report on Wednesday, December 10th. Finally, National Bankshares raised their price target on shares of Hudbay Minerals from C$22.00 to C$25.00 in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$24.10.

Hudbay Minerals Trading Down 1.6%

Shares of Hudbay Minerals stock opened at C$25.54 on Monday. The firm’s 50 day simple moving average is C$23.04 and its two-hundred day simple moving average is C$18.19. The firm has a market capitalization of C$10.12 billion, a price-to-earnings ratio of 22.02, a PEG ratio of 3.97 and a beta of 2.07. Hudbay Minerals has a 12-month low of C$8.49 and a 12-month high of C$26.57. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 46.39.

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

About Hudbay Minerals

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.