Hudbay Minerals (TSE:HBM) Given a C$40.00 Price Target by Desjardins Analysts

Hudbay Minerals (TSE:HBM) (NYSE:HBM) has been assigned a C$40.00 target price by investment analysts at Desjardins in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the mining company’s stock. Desjardins’ price objective suggests a potential upside of 32.10% from the company’s current price.

Several other equities analysts have also weighed in on the company. BMO Capital Markets raised their target price on Hudbay Minerals from C$23.00 to C$24.00 in a report on Tuesday, November 18th. Canaccord Genuity Group increased their price objective on Hudbay Minerals from C$39.00 to C$41.00 and gave the company a “buy” rating in a report on Tuesday. Scotiabank cut their price objective on Hudbay Minerals from C$37.00 to C$35.50 and set an “outperform” rating on the stock in a research note on Monday, February 23rd. Raymond James Financial boosted their target price on Hudbay Minerals from C$34.00 to C$36.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Finally, National Bank Financial downgraded Hudbay Minerals from an “outperform” rating to a “sector perform” rating and increased their price target for the company from C$28.00 to C$40.00 in a report on Thursday, January 29th. Three analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$37.10.

Hudbay Minerals Stock Performance

Shares of HBM opened at C$30.28 on Thursday. The company has a debt-to-equity ratio of 33.86, a current ratio of 0.95 and a quick ratio of 0.85. The firm’s 50 day moving average is C$33.13 and its 200-day moving average is C$25.60. Hudbay Minerals has a 12-month low of C$8.49 and a 12-month high of C$38.94. The stock has a market capitalization of C$12.02 billion, a P/E ratio of 21.03, a P/E/G ratio of 3.97 and a beta of 1.98.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted its quarterly earnings data on Friday, February 20th. The mining company reported C$0.30 earnings per share (EPS) for the quarter. The firm had revenue of C$747.72 million for the quarter. Hudbay Minerals had a return on equity of 19.30% and a net margin of 25.80%. Equities research analysts anticipate that Hudbay Minerals will post 1.1220575 EPS for the current fiscal year.

About Hudbay Minerals

Hudbay (TSX, NYSE: HBM) is a copper-focused critical minerals mining company with three long-life operations and a world-class pipeline of copper growth projects in tier-one mining jurisdictions of Canada, Peru and the United States. Hudbay’s operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the Company, which is complemented by meaningful gold production and by-product zinc, silver and molybdenum.