Hudbay Minerals (TSE:HBM) Rating Lowered to Sector Perform at National Bankshares

Hudbay Minerals (TSE:HBM) (NYSE:HBM) was downgraded by research analysts at National Bankshares from an “outperform” rating to a “sector perform” rating in a research report issued on Thursday,BayStreet.CA reports. They currently have a C$40.00 target price on the mining company’s stock, up from their previous target price of C$28.00. National Bankshares’ target price indicates a potential upside of 24.03% from the stock’s previous close.

A number of other research analysts have also weighed in on the stock. UBS Group set a C$34.50 price target on shares of Hudbay Minerals and gave the company a “buy” rating in a research note on Friday, January 9th. Scotiabank lifted their price target on Hudbay Minerals from C$26.00 to C$31.00 in a report on Thursday, January 8th. Bank of America increased their price objective on Hudbay Minerals from C$22.50 to C$26.75 in a research report on Thursday, October 16th. BMO Capital Markets increased their target price on shares of Hudbay Minerals from C$23.00 to C$24.00 in a research note on Tuesday, November 18th. Finally, Royal Bank Of Canada upped their price target on Hudbay Minerals from C$26.00 to C$28.00 in a research note on Wednesday, December 10th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$30.87.

Hudbay Minerals Price Performance

Shares of Hudbay Minerals stock opened at C$32.25 on Thursday. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39. The firm has a market cap of C$12.78 billion, a PE ratio of 27.80, a P/E/G ratio of 3.97 and a beta of 2.05. The business has a 50-day moving average price of C$28.19 and a 200 day moving average price of C$21.91. Hudbay Minerals has a twelve month low of C$8.49 and a twelve month high of C$38.80.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its earnings results 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 firm had revenue of C$0.35 million for the quarter. Sell-side analysts predict 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.