TD Securities Increases Hudbay Minerals (TSE:HBM) Price Target to C$43.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price increased by research analysts at TD Securities from C$17.00 to C$43.00 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the mining company’s stock. TD Securities’ price objective suggests a potential upside of 25.58% from the stock’s previous close.

Several other equities research analysts also recently weighed in on HBM. National Bankshares increased their price target on Hudbay Minerals from C$22.00 to C$25.00 in a report on Wednesday, October 8th. BMO Capital Markets raised their target price on shares of Hudbay Minerals from C$23.00 to C$24.00 in a research note on Tuesday, November 18th. Royal Bank Of Canada lifted their target price on shares of Hudbay Minerals from C$26.00 to C$28.00 in a report on Wednesday, December 10th. Desjardins boosted their price target on shares of Hudbay Minerals from C$26.00 to C$30.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. Finally, UBS Group set a C$34.50 price target on shares of Hudbay Minerals and gave the stock a “buy” rating in a report on Friday, January 9th. Three investment analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. According to MarketBeat, Hudbay Minerals presently has an average rating of “Buy” and an average target price of C$27.90.

Hudbay Minerals Stock Performance

TSE HBM opened at C$34.24 on Thursday. The firm has a market cap of C$13.56 billion, a P/E ratio of 29.52, 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$35.10. The business’s 50-day moving average price is C$26.79 and its 200 day moving average price is C$21.19. 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. Hudbay Minerals had a return on equity of 3.74% and a net margin of 4.23%.The company had revenue of C$0.35 million during the quarter. On average, equities 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.