Jefferies Financial Group Has Lowered Expectations for Hudbay Minerals (TSE:HBM) Stock Price

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price objective lowered by stock analysts at Jefferies Financial Group from C$57.00 to C$50.00 in a report released on Monday,BayStreet.CA reports. Jefferies Financial Group’s target price indicates a potential upside of 51.70% from the company’s current price.

Other research analysts have also issued research reports about the stock. Canaccord Genuity Group decreased their price target on shares of Hudbay Minerals from C$41.00 to C$40.00 in a research report on Monday, May 4th. BMO Capital Markets boosted their price target on Hudbay Minerals from C$33.00 to C$39.00 in a report on Wednesday, April 22nd. Barclays set a C$41.00 price target on shares of Hudbay Minerals and gave the company an “overweight” rating in a research report on Friday, May 22nd. Scotiabank lifted their price objective on shares of Hudbay Minerals from C$35.50 to C$44.00 and gave the stock a “sector outperform” rating in a research report on Thursday, June 25th. Finally, Royal Bank Of Canada lifted their price target on shares of Hudbay Minerals from C$28.00 to C$40.00 in a report on Thursday, March 12th. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Hudbay Minerals presently has a consensus rating of “Buy” and an average target price of C$40.56.

Hudbay Minerals Trading Up 0.2%

HBM stock traded up C$0.06 during trading on Monday, reaching C$32.96. The company had a trading volume of 677,944 shares, compared to its average volume of 2,134,469. The business has a 50 day moving average of C$35.81 and a 200 day moving average of C$33.00. The company has a market cap of C$14.63 billion, a P/E ratio of 19.74, a PEG ratio of 3.97 and a beta of 2.36. Hudbay Minerals has a 52 week low of C$12.35 and a 52 week high of C$44.48. The company has a debt-to-equity ratio of 30.14, a current ratio of 1.36 and a quick ratio of 0.85.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its quarterly earnings data on Friday, May 1st. The mining company reported C$0.56 earnings per share (EPS) for the quarter. Hudbay Minerals had a return on equity of 20.70% and a net margin of 27.86%.The firm had revenue of C$1.05 billion for the quarter. As a group, sell-side analysts forecast that Hudbay Minerals will post 1.1220575 earnings per share for the current fiscal year.

Hudbay Minerals Company Profile

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.