Hudbay Minerals (TSE:HBM) Stock Rating Lowered by Natl Bk Canada

Hudbay Minerals (TSE:HBM) (NYSE:HBM) was downgraded by Natl Bk Canada from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

Other analysts have also issued research reports about the stock. Scotiabank raised their price objective on shares of Hudbay Minerals from C$26.00 to C$31.00 in a report on Thursday, January 8th. National Bankshares cut Hudbay Minerals from an “outperform” rating to a “sector perform” rating and raised their price target for the company from C$28.00 to C$40.00 in a report on Thursday. BMO Capital Markets boosted their price objective on Hudbay Minerals from C$23.00 to C$24.00 in a research note on Tuesday, November 18th. Raymond James Financial upped their target price on shares of Hudbay Minerals from C$34.00 to C$36.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, UBS Group set a C$34.50 price target on shares of Hudbay Minerals and gave the company a “buy” rating in a report on Friday, January 9th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Hudbay Minerals presently has an average rating of “Buy” and an average price target of C$30.87.

Hudbay Minerals Stock Performance

HBM stock traded down C$2.61 during midday trading on Wednesday, hitting C$33.65. The stock had a trading volume of 113,044 shares, compared to its average volume of 1,735,146. The firm has a market capitalization of C$13.33 billion, a price-to-earnings ratio of 29.01, a P/E/G ratio of 3.97 and a beta of 2.05. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 46.39. The stock has a 50-day simple moving average of C$27.96 and a 200 day simple moving average of C$21.78. Hudbay Minerals has a 52 week low of C$8.49 and a 52 week high of C$38.80.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its quarterly earnings data on Wednesday, November 12th. The mining company reported C$0.03 earnings per share (EPS) for the quarter. Hudbay Minerals had a net margin of 4.23% and a return on equity of 3.74%. The company had revenue of C$0.35 million during the quarter. As a group, equities research analysts anticipate 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.