Jefferies Financial Group Raises Hudbay Minerals (TSE:HBM) Price Target to C$37.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price lifted by analysts at Jefferies Financial Group from C$31.00 to C$37.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Jefferies Financial Group’s price objective would indicate a potential upside of 14.16% from the stock’s previous close.

Several other research analysts also recently commented on HBM. Citigroup set a C$23.00 price objective on Hudbay Minerals and gave the stock a “buy” rating in a report on Monday, December 15th. UBS Group set a C$34.50 price objective on Hudbay Minerals and gave the company a “buy” rating in a research report on Friday, January 9th. BMO Capital Markets increased their price objective on Hudbay Minerals from C$23.00 to C$24.00 in a research note on Tuesday, November 18th. Bank of America lifted their target price on shares of Hudbay Minerals from C$22.50 to C$26.75 in a research note on Thursday, October 16th. Finally, Desjardins upped their price target on shares of Hudbay Minerals from C$26.00 to C$30.00 and gave the company a “buy” rating in a report on Monday, December 15th. Four analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$25.75.

Hudbay Minerals Trading Up 3.4%

Shares of HBM traded up C$1.07 during mid-day trading on Monday, reaching C$32.41. The company’s stock had a trading volume of 633,507 shares, compared to its average volume of 1,354,685. Hudbay Minerals has a 52 week low of C$8.49 and a 52 week high of C$32.72. The stock has a market cap of C$12.84 billion, a PE ratio of 27.94, a P/E/G ratio of 3.97 and a beta of 2.05. The company’s fifty day moving average price is C$25.75 and its two-hundred day moving average price is C$20.62. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 46.39.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its earnings results on Wednesday, November 12th. The mining company reported C$0.03 EPS for the quarter. The company had revenue of C$0.35 million for the quarter. Hudbay Minerals had a net margin of 4.23% and a return on equity of 3.74%. On average, analysts predict that Hudbay Minerals will post 1.1220575 earnings per share for the current fiscal year.

Hudbay Minerals Company Profile

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.