Hudbay Minerals (TSE:HBM) Price Target Raised to C$45.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price hoisted by research analysts at Haywood Securities from C$43.00 to C$45.00 in a research note issued on Wednesday, BayStreet reports. Haywood Securities’ price objective indicates a potential upside of 18.67% from the stock’s current price.

Several other equities analysts have also issued reports on the company. Royal Bank Of Canada boosted their price objective on Hudbay Minerals from C$40.00 to C$48.00 in a research report on Wednesday, September 16th. Canaccord Genuity Group cut their price target on shares of Hudbay Minerals from C$40.00 to C$39.50 and set a “buy” rating on the stock in a research note on Thursday, July 30th. ATB Cormark Capital Markets reduced their price target on shares of Hudbay Minerals from C$35.50 to C$35.00 and set an “outperform” rating for the company in a report on Thursday, July 30th. Jefferies Financial Group lowered their price objective on shares of Hudbay Minerals from C$57.00 to C$50.00 in a research report on Monday, July 6th. Finally, National Bank Financial dropped their price objective on shares of Hudbay Minerals from C$40.00 to C$38.50 and set a “sector perform” rating on the stock in a report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Hudbay Minerals has a consensus rating of “Buy” and a consensus price target of C$42.03.

Hudbay Minerals Trading Down 1.1%

Shares of HBM traded down C$0.43 during trading hours on Wednesday, reaching C$37.92. The stock had a trading volume of 1,268,551 shares, compared to its average volume of 2,171,542. The company has a market cap of C$16.84 billion, a P/E ratio of 23.29, a P/E/G ratio of 3.97 and a beta of 2.31. Hudbay Minerals has a 52 week low of C$20.26 and a 52 week high of C$44.48. The company has a quick ratio of 0.85, a current ratio of 2.24 and a debt-to-equity ratio of 19.04. The firm has a 50-day moving average of C$37.02 and a 200 day moving average of C$34.60.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its quarterly earnings results on Wednesday, July 29th. The mining company reported C$0.40 earnings per share (EPS) for the quarter. The company had revenue of C$896.94 million during the quarter. Hudbay Minerals had a return on equity of 18.41% and a net margin of 27.22%. On average, sell-side analysts expect that Hudbay Minerals will post 1.1220575 earnings per share for the current fiscal year.

About Hudbay Minerals

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.