Canaccord Genuity Group Increases Hudbay Minerals (TSE:HBM) Price Target to C$41.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target boosted by research analysts at Canaccord Genuity Group from C$39.00 to C$41.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the mining company’s stock. Canaccord Genuity Group’s price target would indicate a potential upside of 21.19% from the company’s current price.

A number of other equities research analysts have also commented on the company. National Bank Financial lowered Hudbay Minerals from an “outperform” rating to a “sector perform” rating and upped their target price for the company from C$28.00 to C$40.00 in a research report on Thursday, January 29th. Raymond James Financial upped 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 report on Monday, January 26th. UBS Group set a C$34.50 target price on shares of Hudbay Minerals and gave the stock a “buy” rating in a report on Friday, January 9th. TD Securities boosted their target price on shares of 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, Scotiabank cut their price target on Hudbay Minerals from C$37.00 to C$35.50 and set an “outperform” rating on the stock in a research report on Monday, February 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Hudbay Minerals currently has a consensus rating of “Buy” and an average price target of C$37.10.

Hudbay Minerals Price Performance

Shares of HBM opened at C$33.83 on Tuesday. The firm has a market capitalization of C$13.42 billion, a PE ratio of 23.49, a price-to-earnings-growth ratio of 3.97 and a beta of 2.16. The company has a debt-to-equity ratio of 33.86, a current ratio of 0.95 and a quick ratio of 0.85. Hudbay Minerals has a 1-year low of C$8.49 and a 1-year high of C$38.94. The company’s fifty day moving average price is C$32.98 and its 200-day moving average price is C$25.45.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its earnings results on Friday, February 20th. The mining company reported C$0.30 earnings per share (EPS) for the quarter. The company had revenue of C$747.72 million during the quarter. Hudbay Minerals had a return on equity of 19.30% and a net margin of 25.80%. On average, equities research analysts predict that Hudbay Minerals will post 1.1220575 EPS for the current year.

About Hudbay Minerals

Hudbay (TSX, NYSE: HBM) is a copper-focused critical minerals mining company with three long-life operations and a world-class pipeline of copper growth projects in tier-one mining jurisdictions of Canada, Peru and the United States. Hudbay’s operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the Company, which is complemented by meaningful gold production and by-product zinc, silver and molybdenum.