Hudbay Minerals (TSE:HBM) Price Target Raised to C$39.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price objective raised by Canaccord Genuity Group from C$35.00 to C$39.00 in a research report report published on Wednesday,BayStreet.CA reports. The firm currently has a buy rating on the mining company’s stock.

A number of other research firms also recently weighed in on HBM. Royal Bank Of Canada raised their price target on Hudbay Minerals from C$26.00 to C$28.00 in a research note on Wednesday, December 10th. Desjardins raised their target price on shares of Hudbay Minerals from C$30.00 to C$36.00 and gave the company a “buy” rating in a research note on Monday, January 26th. TD Securities boosted their target price on shares of Hudbay Minerals from C$17.00 to C$43.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Citigroup set a C$23.00 price target on shares of Hudbay Minerals and gave the company a “buy” rating in a research note on Monday, December 15th. Finally, Raymond James Financial lifted their price objective on shares of Hudbay Minerals from C$34.00 to C$36.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$35.05.

Hudbay Minerals Stock Up 3.0%

Shares of HBM stock opened at C$35.56 on Wednesday. The firm’s fifty day moving average price is C$30.41 and its two-hundred day moving average price is C$23.35. 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 1 year low of C$8.49 and a 1 year high of C$38.80. The firm has a market capitalization of C$14.09 billion, a P/E ratio of 30.66, a PEG ratio of 3.97 and a beta of 2.16.

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. The company had revenue of C$0.35 million during the quarter. Hudbay Minerals had a return on equity of 3.74% and a net margin of 4.23%. On average, equities analysts predict 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.