Hudbay Minerals (TSE:HBM) Stock Price Expected to Rise, Desjardins Analyst Says

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target hoisted by analysts at Desjardins from C$26.00 to C$30.00 in a report issued on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the mining company’s stock. Desjardins’ price objective suggests a potential upside of 17.46% from the stock’s previous close.

A number of other research firms also recently issued reports on HBM. Royal Bank Of Canada lifted their price objective on Hudbay Minerals from C$26.00 to C$28.00 in a research note on Wednesday, December 10th. National Bankshares raised their target price on shares of Hudbay Minerals from C$22.00 to C$25.00 in a report on Wednesday, October 8th. Jefferies Financial Group boosted their price target on shares of Hudbay Minerals from C$27.00 to C$31.00 in a research report on Monday, December 8th. Raymond James Financial increased their price objective on shares of Hudbay Minerals from C$17.00 to C$18.50 in a research report on Thursday, August 21st. Finally, Bank of America lifted their price objective on shares of Hudbay Minerals from C$22.50 to C$26.75 in a research note on Thursday, October 16th. Three research analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$24.10.

Hudbay Minerals Stock Down 1.6%

HBM opened at C$25.54 on Monday. The firm has a 50-day simple moving average of C$23.04 and a two-hundred day simple moving average of C$18.19. Hudbay Minerals has a 52 week low of C$8.49 and a 52 week high of C$26.57. The company has a market capitalization of C$10.12 billion, a PE ratio of 22.02, a price-to-earnings-growth ratio of 3.97 and a beta of 2.07. 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 issued its earnings results on Wednesday, November 12th. The mining company reported C$0.03 earnings per share (EPS) for the quarter. The firm had revenue of C$0.35 million for the quarter. Hudbay Minerals had a return on equity of 3.74% and a net margin of 4.23%. Analysts forecast that Hudbay Minerals will post 1.1220575 earnings per share for the current fiscal 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.