Hudbay Minerals (TSE:HBM) Price Target Raised to C$28.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price boosted by equities research analysts at Royal Bank Of Canada from C$26.00 to C$28.00 in a research note issued on Wednesday,BayStreet.CA reports. Royal Bank Of Canada’s price objective suggests a potential upside of 11.42% from the company’s previous close.

A number of other research analysts also recently commented on the stock. BMO Capital Markets boosted their price objective on shares of Hudbay Minerals from C$23.00 to C$24.00 in a research report on Tuesday, November 18th. The Goldman Sachs Group upgraded Hudbay Minerals to a “buy” rating in a report on Monday, September 8th. Raymond James Financial lifted their price objective on Hudbay Minerals from C$17.00 to C$18.50 in a research report on Thursday, August 21st. Scotiabank lowered their target price on Hudbay Minerals from C$26.50 to C$26.00 in a research note on Thursday, November 13th. Finally, Jefferies Financial Group lifted their price target on Hudbay Minerals from C$27.00 to C$31.00 in a report on Monday. Three equities research analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company’s stock. According to data from MarketBeat.com, Hudbay Minerals has an average rating of “Buy” and an average target price of C$23.02.

Hudbay Minerals Stock Up 3.2%

Shares of Hudbay Minerals stock traded up C$0.77 during midday trading on Wednesday, hitting C$25.13. The company’s stock had a trading volume of 1,075,338 shares, compared to its average volume of 1,756,597. Hudbay Minerals has a 1-year low of C$8.49 and a 1-year high of C$25.44. 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 capitalization of C$9.96 billion, a P/E ratio of 21.66, a PEG ratio of 3.97 and a beta of 2.07. The stock has a 50-day simple moving average of C$22.66 and a 200-day simple moving average of C$17.72.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted its quarterly earnings results on Wednesday, November 12th. The mining company reported C$0.03 earnings per share 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. As a group, 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.