Raymond James Financial Boosts Hudbay Minerals (TSE:HBM) Price Target to C$36.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price hoisted by investment analysts at Raymond James Financial from C$34.00 to C$36.00 in a research note issued on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the mining company’s stock. Raymond James Financial’s target price indicates a potential upside of 2.53% from the stock’s previous close.

Several other research analysts also recently weighed in on the company. Desjardins increased their price target on Hudbay Minerals from C$26.00 to C$30.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. Jefferies Financial Group upped their target price on shares of Hudbay Minerals from C$31.00 to C$37.00 in a report on Monday, January 19th. Royal Bank Of Canada raised their price target on shares of Hudbay Minerals from C$26.00 to C$28.00 in a report on Wednesday, December 10th. Stifel Nicolaus boosted their price target on shares of Hudbay Minerals from C$20.00 to C$28.00 in a research report on Tuesday, October 21st. Finally, Citigroup set a C$23.00 price objective on Hudbay Minerals and gave the stock a “buy” rating in a research report on Monday, December 15th. Three research analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$29.71.

Hudbay Minerals Trading Up 2.5%

HBM traded up C$0.87 during trading on Monday, hitting C$35.11. The company’s stock had a trading volume of 1,400,415 shares, compared to its average volume of 1,575,643. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39. Hudbay Minerals has a twelve month low of C$8.49 and a twelve month high of C$36.25. The stock’s fifty day moving average price is C$26.79 and its 200-day moving average price is C$21.28. The firm has a market capitalization of C$13.91 billion, a P/E ratio of 30.27, a PEG ratio of 3.97 and a beta of 2.05.

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