Hudbay Minerals (TSE:HBM) Raised to “Strong-Buy” at Barclays

Hudbay Minerals (TSE:HBM) (NYSE:HBM) was upgraded by investment analysts at Barclays to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

Several other equities research analysts have also recently commented on the company. ATB Cormark Capital Markets upped their price target on Hudbay Minerals from C$26.00 to C$37.50 and gave the stock an “outperform” rating in a research note on Monday, February 23rd. Stifel Nicolaus lifted their price objective on shares of 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. Canadian Imperial Bank of Commerce upped their price objective on shares of Hudbay Minerals from C$42.00 to C$46.00 in a research report on Tuesday, April 21st. BMO Capital Markets raised their target price on shares of Hudbay Minerals from C$33.00 to C$39.00 in a research note on Wednesday, April 22nd. Finally, National Bank Financial cut shares of Hudbay Minerals from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from C$28.00 to C$40.00 in a report on Thursday, January 29th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$39.22.

Hudbay Minerals Stock Performance

Shares of HBM stock opened at C$33.68 on Thursday. The stock has a market capitalization of C$13.38 billion, a PE ratio of 20.17, a price-to-earnings-growth ratio of 3.97 and a beta of 2.34. Hudbay Minerals has a 52-week low of C$11.64 and a 52-week high of C$38.94. The stock’s 50-day moving average price is C$31.59 and its 200 day moving average price is C$29.96. 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 posted its quarterly earnings data 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 during the quarter. As a group, equities research analysts forecast that Hudbay Minerals will post 1.1220575 EPS for the current year.

Insider Buying and Selling at Hudbay Minerals

In related news, insider Eugene Chi-Yen Lei purchased 1,000 shares of the stock in a transaction dated Friday, March 27th. The shares were acquired at an average cost of C$26.85 per share, with a total value of C$26,850.00. Following the purchase, the insider directly owned 195,847 shares in the company, valued at C$5,258,491.95. This trade represents a 0.51% increase in their position. 0.07% of the stock is currently owned by company 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.