Desjardins Increases Hudbay Minerals (TSE:HBM) Price Target to C$36.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target hoisted by Desjardins from C$30.00 to C$36.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the mining company’s stock. Desjardins’ price target would suggest a potential upside of 1.07% from the company’s current price.

HBM has been the topic of a number of other reports. Stifel Nicolaus lifted their price objective on shares of Hudbay Minerals from C$20.00 to C$28.00 in a research note on Tuesday, October 21st. BMO Capital Markets raised their price objective on shares of Hudbay Minerals from C$23.00 to C$24.00 in a research note on Tuesday, November 18th. Citigroup set a C$23.00 target price on Hudbay Minerals and gave the stock a “buy” rating in a research report on Monday, December 15th. Scotiabank increased their price target on Hudbay Minerals from C$26.00 to C$31.00 in a research note on Thursday, January 8th. Finally, Raymond James Financial boosted their price objective on Hudbay Minerals from C$34.00 to C$36.00 and gave the stock an “outperform” rating in a research note on Monday. Three research analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. Based on data from MarketBeat.com, Hudbay Minerals presently has a consensus rating of “Buy” and an average price target of C$29.71.

Hudbay Minerals Trading Up 2.1%

Hudbay Minerals stock opened at C$35.62 on Monday. The firm has a 50-day moving average price of C$27.35 and a two-hundred day moving average price of C$21.58. Hudbay Minerals has a 52-week low of C$8.49 and a 52-week high of C$36.25. 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. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its quarterly earnings data on Wednesday, November 12th. The mining company reported C$0.03 earnings per share (EPS) for the quarter. Hudbay Minerals had a return on equity of 3.74% and a net margin of 4.23%.The business had revenue of C$0.35 million during the quarter. Sell-side analysts expect that Hudbay Minerals will post 1.1220575 earnings per share for the current 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.