Hudbay Minerals (TSE:HBM) Upgraded to “Strong-Buy” at UBS Group

UBS Group upgraded shares of Hudbay Minerals (TSE:HBM) (NYSE:HBM) to a strong-buy rating in a research report released on Thursday morning,Zacks.com reports.

Other analysts also recently issued reports about the stock. Jefferies Financial Group upped their target price on shares of Hudbay Minerals from C$27.00 to C$31.00 in a research report on Monday, December 8th. Stifel Nicolaus upped their price objective on shares of Hudbay Minerals from C$20.00 to C$28.00 in a report on Tuesday, October 21st. Desjardins raised their target price on shares of Hudbay Minerals from C$26.00 to C$30.00 and gave the company a “buy” rating in a research note on Monday, December 15th. National Bankshares boosted their price target on Hudbay Minerals from C$22.00 to C$25.00 in a research report on Wednesday, October 8th. Finally, Bank of America upped their price target on Hudbay Minerals from C$22.50 to C$26.75 in a research note on Thursday, October 16th. Four analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$25.29.

Hudbay Minerals Stock Up 2.5%

Shares of TSE:HBM opened at C$30.00 on Thursday. The firm has a market capitalization of C$11.88 billion, a P/E ratio of 25.86, a P/E/G ratio of 3.97 and a beta of 2.05. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.85 and a current ratio of 1.86. The stock has a 50 day moving average price of C$24.80 and a 200-day moving average price of C$19.94. Hudbay Minerals has a 52-week low of C$8.49 and a 52-week high of C$30.50.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released its quarterly earnings results on Wednesday, November 12th. The mining company reported C$0.03 earnings per share for the quarter. The company had revenue of C$0.35 million for 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.