Scotiabank Increases Hudbay Minerals (TSE:HBM) Price Target to C$31.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price objective boosted by equities research analysts at Scotiabank from C$26.00 to C$31.00 in a report released on Thursday,BayStreet.CA reports. Scotiabank’s price objective points to a potential upside of 3.33% from the company’s previous close.

HBM has been the topic of a number of other research reports. Stifel Nicolaus increased their target price on Hudbay Minerals from C$20.00 to C$28.00 in a report on Tuesday, October 21st. National Bankshares upped their price target on shares of Hudbay Minerals from C$22.00 to C$25.00 in a research report on Wednesday, October 8th. Royal Bank Of Canada increased their price objective on shares of Hudbay Minerals from C$26.00 to C$28.00 in a research note on Wednesday, December 10th. BMO Capital Markets raised their price objective on shares of Hudbay Minerals from C$23.00 to C$24.00 in a report on Tuesday, November 18th. Finally, Citigroup set a C$23.00 target price on shares of Hudbay Minerals and gave the company a “buy” rating in a research report on Monday, December 15th. Three research analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the company’s stock. According to data from MarketBeat.com, Hudbay Minerals presently has a consensus rating of “Buy” and an average target price of C$25.29.

Hudbay Minerals Trading Up 2.5%

Shares of HBM stock opened at C$30.00 on Thursday. 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 has a 12-month low of C$8.49 and a 12-month high of C$30.50. The stock has a market capitalization of C$11.88 billion, a P/E ratio of 25.86, a P/E/G ratio of 3.97 and a beta of 2.05. The firm’s 50 day moving average is C$24.80 and its 200 day moving average is C$19.94.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its earnings results 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 net margin of 4.23% and a return on equity of 3.74%. Research analysts expect that Hudbay Minerals will post 1.1220575 earnings per share 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.