Hudbay Minerals Inc. (TSE:HBM) Receives C$25.29 Average Price Target from Brokerages

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have earned an average recommendation of “Buy” from the twelve brokerages that are presently covering the stock, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$25.75.

A number of research firms have recently commented on HBM. Royal Bank Of Canada increased their price target on shares of Hudbay Minerals from C$26.00 to C$28.00 in a report on Wednesday, December 10th. Desjardins increased their target price on Hudbay Minerals from C$26.00 to C$30.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Citigroup set a C$23.00 target price on Hudbay Minerals and gave the stock a “buy” rating in a report on Monday, December 15th. BMO Capital Markets boosted their price target on Hudbay Minerals from C$23.00 to C$24.00 in a research note on Tuesday, November 18th. Finally, National Bankshares increased their price objective on Hudbay Minerals from C$22.00 to C$25.00 in a research report on Wednesday, October 8th.

Hudbay Minerals Price Performance

Shares of TSE:HBM opened at C$33.24 on Thursday. The business has a fifty day moving average price of C$26.33 and a 200-day moving average price of C$20.97. 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 company has a market capitalization of C$13.17 billion, a PE ratio of 28.66, a PEG ratio of 3.97 and a beta of 2.05. Hudbay Minerals has a 1-year low of C$8.49 and a 1-year high of C$35.10.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its quarterly earnings results on Wednesday, November 12th. The mining company reported C$0.03 earnings per share (EPS) for the quarter. The company 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%. As a group, equities analysts expect that Hudbay Minerals will post 1.1220575 EPS for the current fiscal 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.