Hudbay Minerals (TSE:HBM) Upgraded by UBS Group to “Strong-Buy” Rating

Hudbay Minerals (TSE:HBM) (NYSE:HBM) was upgraded by investment analysts at UBS Group to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on the company. Royal Bank Of Canada lifted their target price on Hudbay Minerals from C$26.00 to C$28.00 in a research report on Wednesday, December 10th. Scotiabank raised their price objective on Hudbay Minerals from C$26.00 to C$31.00 in a research report on Thursday. National Bankshares boosted their price objective on Hudbay Minerals from C$22.00 to C$25.00 in a research report on Wednesday, October 8th. Jefferies Financial Group upped their target price on Hudbay Minerals from C$27.00 to C$31.00 in a research note on Monday, December 8th. Finally, BMO Capital Markets lifted their price target on shares of Hudbay Minerals from C$23.00 to C$24.00 in a research note on Tuesday, November 18th. Four equities research analysts have rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$25.29.

Hudbay Minerals Stock Up 2.5%

Shares of HBM stock opened at C$30.00 on Thursday. Hudbay Minerals has a 12 month low of C$8.49 and a 12 month high of C$30.50. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39. The firm has a market cap of C$11.88 billion, a PE ratio of 25.86, a price-to-earnings-growth ratio of 3.97 and a beta of 2.05. The stock has a 50 day moving average of C$24.80 and a 200-day moving average of C$19.94.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its earnings results on Wednesday, November 12th. The mining company reported C$0.03 earnings per share (EPS) for the quarter. The business had revenue of C$0.35 million for the quarter. Hudbay Minerals had a net margin of 4.23% and a return on equity of 3.74%. On average, equities analysts predict that Hudbay Minerals will post 1.1220575 EPS 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.