Hudbay Minerals (TSE:HBM) Price Target Raised to C$41.00 at Stifel Nicolaus

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price objective hoisted by Stifel Nicolaus from C$28.00 to C$41.00 in a report released on Wednesday,BayStreet.CA reports. The firm currently has a buy rating on the mining company’s stock.

HBM has been the subject of a number of other research reports. Desjardins raised their target price on shares of Hudbay Minerals from C$30.00 to C$36.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Raymond James Financial raised their price objective on Hudbay Minerals from C$34.00 to C$36.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. UBS Group set a C$34.50 price objective on Hudbay Minerals and gave the company a “buy” rating in a research note on Friday, January 9th. Scotiabank boosted their target price on Hudbay Minerals from C$26.00 to C$31.00 in a report on Thursday, January 8th. Finally, Canadian Imperial Bank of Commerce increased their target price on Hudbay Minerals from C$35.00 to C$42.00 in a research note on Wednesday, February 4th. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of C$35.05.

Hudbay Minerals Stock Performance

Shares of HBM stock opened at C$35.86 on Wednesday. The company’s fifty day moving average price is C$29.98 and its 200-day moving average price is C$23.12. The stock has a market cap of C$14.21 billion, a PE ratio of 30.91, a price-to-earnings-growth ratio of 3.97 and a beta of 2.16. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 46.39. Hudbay Minerals has a 12 month low of C$8.49 and a 12 month high of C$38.80.

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