Hudbay Minerals (TSE:HBM) Price Target Raised to C$43.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price boosted by equities researchers at Stifel Nicolaus from C$41.00 to C$43.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the mining company’s stock. Stifel Nicolaus’ target price suggests a potential upside of 32.10% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on HBM. Canadian Imperial Bank of Commerce boosted their target price on Hudbay Minerals from C$42.00 to C$46.00 in a research report on Tuesday, April 21st. BMO Capital Markets raised their price target on Hudbay Minerals from C$33.00 to C$39.00 in a report on Wednesday, April 22nd. Scotiabank lifted their price objective on 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. National Bank Financial dropped their price objective on Hudbay Minerals from C$40.00 to C$38.50 and set a “sector perform” rating for the company in a report on Tuesday, July 14th. Finally, Barclays upped their target price on shares of Hudbay Minerals from C$41.00 to C$45.00 in a research report on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$40.84.

Hudbay Minerals Price Performance

Shares of HBM traded up C$3.22 during mid-day trading on Tuesday, hitting C$32.55. 2,251,781 shares of the company traded hands, compared to its average volume of 2,173,391. Hudbay Minerals has a one year low of C$12.35 and a one year high of C$44.48. The company has a current ratio of 1.36, a quick ratio of 0.85 and a debt-to-equity ratio of 30.14. The business has a 50-day moving average of C$35.32 and a 200 day moving average of C$33.27. The stock has a market capitalization of C$14.45 billion, a price-to-earnings ratio of 19.49, a PEG ratio of 3.97 and a beta of 2.36.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted its quarterly earnings data on Friday, May 1st. The mining company reported C$0.56 earnings per share for the quarter. Hudbay Minerals had a net margin of 27.86% and a return on equity of 20.70%. The firm had revenue of C$1.05 billion during the quarter. As a group, equities analysts expect 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.