Raymond James Financial Boosts Hudbay Minerals (TSE:HBM) Price Target to C$36.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target increased by equities researchers at Raymond James Financial from C$34.00 to C$36.00 in a research note issued on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the mining company’s stock. Raymond James Financial’s target price suggests a potential upside of 1.07% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Bank of America increased their target price on Hudbay Minerals from C$22.50 to C$26.75 in a report on Thursday, October 16th. Desjardins increased their price objective on Hudbay Minerals from C$26.00 to C$30.00 and gave the company a “buy” rating in a report on Monday, December 15th. Jefferies Financial Group boosted their target price on Hudbay Minerals from C$31.00 to C$37.00 in a research note on Monday, January 19th. TD Securities upped their price target on Hudbay Minerals from C$17.00 to C$43.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Finally, Scotiabank raised their price objective on shares of Hudbay Minerals from C$26.00 to C$31.00 in a report on Thursday, January 8th. Three analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$29.71.

Hudbay Minerals Stock Up 2.1%

HBM stock opened at C$35.62 on Monday. The company’s 50 day moving average price is C$27.35 and its 200 day moving average price is C$21.58. The firm has a market capitalization of C$14.11 billion, a price-to-earnings ratio of 30.71, a PEG ratio of 3.97 and a beta of 2.05. Hudbay Minerals has a fifty-two week low of C$8.49 and a fifty-two week high of C$36.25. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.85 and a current ratio of 1.86.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted its quarterly earnings results on Wednesday, November 12th. The mining company reported C$0.03 EPS for the quarter. Hudbay Minerals had a net margin of 4.23% and a return on equity of 3.74%. The company had revenue of C$0.35 million during the quarter. On average, equities research analysts anticipate that Hudbay Minerals will post 1.1220575 EPS for the current fiscal 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.