Hudbay Minerals (TSE:HBM) Price Target Raised to C$43.00 at TD Securities

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target hoisted by TD Securities from C$17.00 to C$43.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the mining company’s stock. TD Securities’ price target points to a potential upside of 28.24% from the stock’s current price.

A number of other research firms also recently issued reports on HBM. Scotiabank raised their price target on Hudbay Minerals from C$26.00 to C$31.00 in a research note on Thursday, January 8th. National Bankshares upped their price target on shares of Hudbay Minerals from C$22.00 to C$25.00 in a research report on Wednesday, October 8th. Stifel Nicolaus raised their price objective on shares of Hudbay Minerals from C$20.00 to C$28.00 in a report on Tuesday, October 21st. Jefferies Financial Group boosted their target price on shares of Hudbay Minerals from C$31.00 to C$37.00 in a research report on Monday. Finally, Citigroup set a C$23.00 price target on shares of Hudbay Minerals and gave the stock a “buy” rating in a research note on Monday, December 15th. Three analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, Hudbay Minerals presently has a consensus rating of “Buy” and an average target price of C$27.90.

Hudbay Minerals Stock Performance

Shares of TSE:HBM traded up C$0.29 during midday trading on Thursday, reaching C$33.53. 1,074,497 shares of the company’s stock traded hands, compared to its average volume of 1,506,995. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.85 and a current ratio of 1.86. Hudbay Minerals has a one year low of C$8.49 and a one year high of C$35.10. The company has a market cap of C$13.28 billion, a price-to-earnings ratio of 28.91, a P/E/G ratio of 3.97 and a beta of 2.05. The stock has a 50 day moving average of C$26.33 and a 200 day moving average of C$20.97.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its earnings results on Wednesday, November 12th. The mining company reported C$0.03 earnings per share for the quarter. The business had revenue of C$0.35 million during the quarter. Hudbay Minerals had a return on equity of 3.74% and a net margin of 4.23%. As a group, equities research analysts anticipate that Hudbay Minerals will post 1.1220575 EPS for the current fiscal year.

About Hudbay Minerals

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.