Hudbay Minerals (TSE:HBM) Given a C$40.00 Price Target at Desjardins

Hudbay Minerals (TSE:HBM) (NYSE:HBM) has been assigned a C$40.00 price target by research analysts at Desjardins in a research note issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the mining company’s stock. Desjardins’ price target would suggest a potential upside of 28.58% from the stock’s previous close.

A number of other brokerages have also recently issued reports on HBM. Citigroup raised their target price on Hudbay Minerals from C$23.00 to C$32.50 and gave the stock a “buy” rating in a report on Wednesday, February 11th. TD Securities lifted their price objective on shares of Hudbay Minerals from C$17.00 to C$43.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. National Bank Financial downgraded shares of Hudbay Minerals from an “outperform” rating to a “sector perform” rating and upped their target price for the company from C$28.00 to C$40.00 in a research note on Thursday, January 29th. Canaccord Genuity Group lifted their price target on shares of Hudbay Minerals from C$39.00 to C$41.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Bank of America boosted their price target on shares of Hudbay Minerals from C$37.75 to C$44.50 in a report on Thursday, February 26th. Three analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Hudbay Minerals currently has an average rating of “Buy” and an average target price of C$37.10.

Hudbay Minerals Trading Down 8.0%

HBM traded down C$2.72 during trading on Thursday, reaching C$31.11. 1,880,509 shares of the company’s stock were exchanged, compared to its average volume of 2,135,418. The company’s fifty day moving average price is C$32.98 and its 200-day moving average price is C$25.45. The firm has a market capitalization of C$12.35 billion, a PE ratio of 21.60, a P/E/G ratio of 3.97 and a beta of 2.16. Hudbay Minerals has a fifty-two week low of C$8.49 and a fifty-two week high of C$38.94. The company has a debt-to-equity ratio of 33.86, a quick ratio of 0.85 and a current ratio of 0.95.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted its quarterly earnings results on Friday, February 20th. The mining company reported C$0.30 earnings per share for the quarter. Hudbay Minerals had a return on equity of 19.30% and a net margin of 25.80%.The company had revenue of C$747.72 million for the quarter. As a group, equities analysts forecast that Hudbay Minerals will post 1.1220575 EPS for the current year.

Hudbay Minerals Company Profile

Hudbay (TSX, NYSE: HBM) is a copper-focused critical minerals mining company with three long-life operations and a world-class pipeline of copper growth projects in tier-one mining jurisdictions of Canada, Peru and the United States. Hudbay’s operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the Company, which is complemented by meaningful gold production and by-product zinc, silver and molybdenum.