Hudbay Minerals Inc. (TSE:HBM) Receives C$31.66 Consensus Price Target from Analysts

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have earned a consensus recommendation of “Buy” from the fourteen ratings firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$35.05.

Several research firms have weighed in on HBM. UBS Group set a C$34.50 target price on Hudbay Minerals and gave the company a “buy” rating in a research note on Friday, January 9th. Royal Bank Of Canada raised their target price on shares of Hudbay Minerals from C$26.00 to C$28.00 in a research note on Wednesday, December 10th. Canadian Imperial Bank of Commerce upped their price target on Hudbay Minerals from C$35.00 to C$42.00 in a report on Wednesday, February 4th. Scotiabank boosted their price target on Hudbay Minerals from C$26.00 to C$31.00 in a research note on Thursday, January 8th. Finally, National Bank Financial lowered shares of Hudbay Minerals from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from C$28.00 to C$40.00 in a research report on Thursday, January 29th.

Hudbay Minerals Stock Up 4.2%

Shares of TSE HBM opened at C$35.86 on Monday. The firm has a market cap of C$14.21 billion, a price-to-earnings ratio of 30.91, a PEG ratio of 3.97 and a beta of 2.16. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.85 and a current ratio of 1.86. The stock’s 50-day simple moving average is C$29.98 and its 200-day simple moving average is C$23.12. Hudbay Minerals has a 1 year low of C$8.49 and a 1 year high of C$38.80.

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 for the quarter. Hudbay Minerals had a net margin of 4.23% and a return on equity of 3.74%. The firm had revenue of C$0.35 million during the quarter. As a group, equities analysts anticipate that Hudbay Minerals will post 1.1220575 earnings per share 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.