Hudbay Minerals (TSE:HBM) Price Target Raised to C$41.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price objective hoisted by Stifel Nicolaus from C$28.00 to C$41.00 in a research report report published on Wednesday morning,BayStreet.CA reports. They currently have a buy rating on the mining company’s stock.

Other research analysts have also issued reports about the stock. Citigroup upped their price target on shares of Hudbay Minerals from C$23.00 to C$32.50 and gave the stock a “buy” rating in a report on Wednesday. Desjardins boosted their target price on Hudbay Minerals from C$30.00 to C$36.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Raymond James Financial upped their target price on Hudbay Minerals from C$34.00 to C$36.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. TD Securities lifted their price target on Hudbay Minerals from C$17.00 to C$43.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Finally, Royal Bank Of Canada boosted their price objective on Hudbay Minerals from C$26.00 to C$28.00 in a report on Wednesday, December 10th. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Hudbay Minerals presently has a consensus rating of “Buy” and an average target price of C$35.05.

Hudbay Minerals Trading Up 3.0%

Shares of Hudbay Minerals stock opened at C$35.56 on Wednesday. Hudbay Minerals has a 12-month low of C$8.49 and a 12-month high of C$38.80. The company has a market cap of C$14.09 billion, a price-to-earnings ratio of 30.66, a PEG ratio of 3.97 and a beta of 2.16. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 46.39. The company’s 50-day moving average price is C$30.41 and its 200-day moving average price is C$23.35.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its quarterly earnings data on Wednesday, November 12th. The mining company reported C$0.03 EPS for the quarter. The company 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%. On average, equities analysts expect that Hudbay Minerals will post 1.1220575 earnings per share 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.