Barclays Reiterates C$41.00 Price Target for Hudbay Minerals (TSE:HBM)

Hudbay Minerals (TSE:HBM) (NYSE:HBM) received a C$41.00 target price from research analysts at Barclays in a report released on Friday,BayStreet.CA reports. The brokerage presently has an “overweight” rating on the mining company’s stock. Barclays‘s price target suggests a potential upside of 20.23% from the company’s previous close.

HBM has been the topic of a number of other research reports. TD Securities upped their price target on Hudbay Minerals from C$17.00 to C$43.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Canaccord Genuity Group reduced their price target on Hudbay Minerals from C$41.00 to C$40.00 in a research report on Monday, May 4th. ATB Cormark Capital Markets upped their price target on Hudbay Minerals from C$26.00 to C$37.50 and gave the company an “outperform” rating in a research report on Monday, February 23rd. Stifel Nicolaus upped their price target on Hudbay Minerals from C$28.00 to C$41.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Finally, BMO Capital Markets upped their price target on Hudbay Minerals from C$33.00 to C$39.00 in a research report on Wednesday, April 22nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$39.22.

Hudbay Minerals Trading Up 0.1%

Shares of TSE HBM traded up C$0.04 during trading on Friday, reaching C$34.10. The company had a trading volume of 761,122 shares, compared to its average volume of 2,078,591. The company’s fifty day moving average price is C$31.53 and its 200-day moving average price is C$29.94. Hudbay Minerals has a 12 month low of C$11.64 and a 12 month high of C$38.94. The stock has a market cap of C$13.54 billion, a P/E ratio of 20.42, a PEG ratio of 3.97 and a beta of 2.34. The company has a quick ratio of 0.85, a current ratio of 1.36 and a debt-to-equity ratio of 30.14.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released its quarterly earnings results on Friday, May 1st. The mining company reported C$0.56 EPS for the quarter. Hudbay Minerals had a return on equity of 20.70% and a net margin of 27.86%.The firm had revenue of C$1.05 billion for the quarter. As a group, research analysts expect that Hudbay Minerals will post 1.1220575 earnings per share for the current year.

Insider Activity at Hudbay Minerals

In other Hudbay Minerals news, insider Eugene Chi-Yen Lei bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 27th. The shares were bought at an average price of C$26.85 per share, for a total transaction of C$26,850.00. Following the transaction, the insider directly owned 195,847 shares in the company, valued at approximately C$5,258,491.95. This trade represents a 0.51% increase in their ownership of the stock. 0.07% of the stock is currently owned by insiders.

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.