Hudbay Minerals (TSE:HBM) Price Target Raised to C$36.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target increased by Desjardins from C$30.00 to C$36.00 in a research report sent to investors on Monday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the mining company’s stock.

Other research analysts have also issued reports about the stock. Jefferies Financial Group boosted their price target on shares of Hudbay Minerals from C$31.00 to C$37.00 in a research note on Monday, January 19th. Bank of America increased their target price on Hudbay Minerals from C$22.50 to C$26.75 in a research note on Thursday, October 16th. UBS Group set a C$34.50 price target on Hudbay Minerals and gave the company a “buy” rating in a research note on Friday, January 9th. TD Securities upped their price objective on Hudbay Minerals from C$17.00 to C$43.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Finally, Stifel Nicolaus raised their target price on Hudbay Minerals from C$20.00 to C$28.00 in a report on Tuesday, October 21st. Three research analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$29.71.

Hudbay Minerals Price Performance

Hudbay Minerals stock opened at C$36.70 on Monday. The company has a debt-to-equity ratio of 46.39, a current ratio of 1.86 and a quick ratio of 0.85. The business has a 50 day simple moving average of C$27.65 and a 200-day simple moving average of C$21.68. Hudbay Minerals has a 12 month low of C$8.49 and a 12 month high of C$36.79. The stock has a market capitalization of C$14.54 billion, a PE ratio of 31.64, a price-to-earnings-growth ratio of 3.97 and a beta of 2.05.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted its quarterly earnings data on Wednesday, November 12th. The mining company reported C$0.03 earnings per share for the quarter. The firm 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%. Equities analysts predict that Hudbay Minerals will post 1.1220575 earnings per share for the current 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.