Hudbay Minerals (TSE:HBM) Hits New 12-Month High – What’s Next?

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) shares hit a new 52-week high during trading on Friday . The stock traded as high as C$27.14 and last traded at C$26.53, with a volume of 747835 shares traded. The stock had previously closed at C$26.20.

Analyst Ratings Changes

A number of research firms recently issued reports on HBM. Bank of America lifted their price target on Hudbay Minerals from C$22.50 to C$26.75 in a report on Thursday, October 16th. Jefferies Financial Group boosted their target price on shares of Hudbay Minerals from C$27.00 to C$31.00 in a research note on Monday, December 8th. Royal Bank Of Canada raised their price target on shares of Hudbay Minerals from C$26.00 to C$28.00 in a report on Wednesday, December 10th. The Goldman Sachs Group upgraded Hudbay Minerals to a “buy” rating in a research report on Monday, September 8th. Finally, BMO Capital Markets boosted their target price on Hudbay Minerals from C$23.00 to C$24.00 in a research report on Tuesday, November 18th. Three analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$24.10.

Hudbay Minerals Trading Up 1.7%

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 stock has a market capitalization of C$10.56 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 3.97 and a beta of 2.07. The business has a 50 day simple moving average of C$23.14 and a 200-day simple moving average of C$18.30.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released its earnings results on Wednesday, November 12th. The mining company reported C$0.03 earnings per share (EPS) for the quarter. Hudbay Minerals had a return on equity of 3.74% and a net margin of 4.23%.The firm had revenue of C$0.35 million during the quarter. As a group, equities analysts expect that Hudbay Minerals Inc. will post 1.1220575 earnings per share for the current year.

Hudbay Minerals Company Profile

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.