Stifel Nicolaus Forecasts Strong Price Appreciation for Hudbay Minerals (TSE:HBM) Stock

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target upped by stock analysts at Stifel Nicolaus from C$41.00 to C$43.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the mining company’s stock. Stifel Nicolaus’ target price points to a potential upside of 29.87% from the stock’s current price.

A number of other equities research analysts also recently issued reports on HBM. Scotiabank increased their price target on Hudbay Minerals from C$35.50 to C$44.00 and gave the stock a “sector outperform” rating in a research report on Thursday, June 25th. BMO Capital Markets lifted their price objective on Hudbay Minerals from C$33.00 to C$39.00 in a report on Wednesday, April 22nd. National Bank Financial cut their target price on Hudbay Minerals from C$40.00 to C$38.50 and set a “sector perform” rating for the company in a research report on Tuesday, July 14th. Barclays increased their target price on Hudbay Minerals from C$41.00 to C$45.00 in a report on Thursday, July 16th. Finally, Jefferies Financial Group decreased their price target on Hudbay Minerals from C$57.00 to C$50.00 in a research report on Monday, July 6th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Hudbay Minerals currently has a consensus rating of “Buy” and a consensus target price of C$40.84.

Hudbay Minerals Price Performance

Shares of Hudbay Minerals stock opened at C$33.11 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 1.36 and a debt-to-equity ratio of 30.14. The stock has a market capitalization of C$14.70 billion, a price-to-earnings ratio of 19.83, a price-to-earnings-growth ratio of 3.97 and a beta of 2.36. Hudbay Minerals has a twelve month low of C$12.35 and a twelve month high of C$44.48. The company has a 50-day simple moving average of C$35.12 and a two-hundred day simple moving average of C$33.35.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its earnings results on Friday, May 1st. The mining company reported C$0.56 EPS for the quarter. Hudbay Minerals had a net margin of 27.86% and a return on equity of 20.70%. The company had revenue of C$1.05 billion for the quarter. Analysts forecast that Hudbay Minerals will post 1.1220575 EPS for the current year.

Hudbay Minerals Company Profile

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.