Hudbay Minerals (TSE:HBM) Price Target Raised to C$40.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price raised by investment analysts at Royal Bank Of Canada from C$28.00 to C$40.00 in a report released on Thursday,BayStreet.CA reports. Royal Bank Of Canada’s target price indicates a potential upside of 34.63% from the company’s previous close.

HBM has been the topic of a number of other reports. Canaccord Genuity Group upped their target price on Hudbay Minerals from C$39.00 to C$41.00 and gave the stock a “buy” rating in a research note on Tuesday, March 3rd. Citigroup lifted their price target on Hudbay Minerals from C$23.00 to C$32.50 and gave the company a “buy” rating in a research report on Wednesday, February 11th. National Bank Financial lowered Hudbay Minerals from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from C$28.00 to C$40.00 in a report on Thursday, January 29th. TD Securities upped 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 report on Thursday, January 22nd. Finally, Scotiabank dropped their target price on shares of Hudbay Minerals from C$37.00 to C$35.50 and set an “outperform” rating for the company in a research report on Monday, February 23rd. 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$37.90.

Hudbay Minerals Price Performance

Hudbay Minerals stock traded down C$0.85 during midday trading on Thursday, reaching C$29.71. 1,130,851 shares of the stock were exchanged, compared to its average volume of 2,112,208. Hudbay Minerals has a 52 week low of C$8.49 and a 52 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. The firm has a market cap of C$11.79 billion, a PE ratio of 20.63, a PEG ratio of 3.97 and a beta of 1.98. The company’s fifty day moving average is C$33.35 and its 200-day moving average is C$25.99.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released its quarterly earnings results on Friday, February 20th. The mining company reported C$0.30 EPS for the quarter. The firm had revenue of C$747.72 million during the quarter. Hudbay Minerals had a net margin of 25.80% and a return on equity of 19.30%. On average, sell-side analysts forecast that Hudbay Minerals will post 1.1220575 EPS for the current year.

About Hudbay Minerals

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.