Hudbay Minerals (TSE:HBM) Given New C$42.00 Price Target at Raymond James Financial

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target dropped by research analysts at Raymond James Financial from C$43.00 to C$42.00 in a report issued on Thursday, BayStreet reports. The brokerage presently has an “outperform” rating on the mining company’s stock. Raymond James Financial‘s target price indicates a potential upside of 36.94% from the stock’s current price.

Several other brokerages have also issued reports on HBM. National Bank Financial upped their target price on Hudbay Minerals from C$41.00 to C$42.50 and gave the company a “sector perform” rating in a research report on Monday, October 5th. BMO Capital Markets cut their price objective on shares of Hudbay Minerals from C$46.00 to C$44.00 and set an “outperform” rating on the stock in a report on Thursday, July 30th. Barclays increased their price objective on shares of Hudbay Minerals from C$41.00 to C$45.00 in a research report on Thursday, July 16th. Scotiabank lowered their target price on shares of Hudbay Minerals from C$44.00 to C$43.00 and set a “sector outperform” rating for the company in a research note on Thursday, July 30th. Finally, Royal Bank Of Canada boosted their target price on shares of Hudbay Minerals from C$40.00 to C$48.00 in a research report on Wednesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Hudbay Minerals presently has a consensus rating of “Buy” and an average target price of C$42.58.

Hudbay Minerals Stock Down 9.0%

HBM traded down C$3.04 during trading on Thursday, hitting C$30.67. The stock had a trading volume of 3,702,610 shares, compared to its average volume of 2,155,290. The stock has a 50 day simple moving average of C$37.64 and a two-hundred day simple moving average of C$35.56. The company has a debt-to-equity ratio of 19.04, a quick ratio of 0.85 and a current ratio of 2.24. Hudbay Minerals has a twelve month low of C$20.26 and a twelve month high of C$44.48. The company has a market capitalization of C$13.62 billion, a PE ratio of 18.84, a PEG ratio of 3.97 and a beta of 2.37.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its quarterly earnings results on Wednesday, July 29th. The mining company reported C$0.40 earnings per share (EPS) for the quarter. Hudbay Minerals had a return on equity of 18.41% and a net margin of 27.22%. The business had revenue of C$896.94 million for the quarter. On average, research analysts predict that Hudbay Minerals will post 1.12 earnings per share for the current year.

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.