Hudbay Minerals (TSE:HBM) Price Target Cut to C$44.00 by Analysts at BMO Capital Markets

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price objective cut by research analysts at BMO Capital Markets from C$46.00 to C$44.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the mining company’s stock. BMO Capital Markets’ price target indicates a potential upside of 38.36% from the company’s current price.

Several other equities research analysts also recently weighed in on HBM. Scotiabank raised their target price on shares of Hudbay Minerals from C$35.50 to C$44.00 and gave the company a “sector outperform” rating in a research note on Thursday, June 25th. Barclays increased their price objective on Hudbay Minerals from C$41.00 to C$45.00 in a report on Thursday, July 16th. Canaccord Genuity Group lowered their price objective on Hudbay Minerals from C$41.00 to C$40.00 in a research report on Monday, May 4th. Canadian Imperial Bank of Commerce boosted their target price on Hudbay Minerals from C$42.00 to C$46.00 in a research note on Tuesday, April 21st. Finally, National Bank Financial decreased their price target on Hudbay Minerals from C$40.00 to C$38.50 and set a “sector perform” rating for the company in a research note on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Hudbay Minerals presently has an average rating of “Buy” and a consensus price target of C$40.91.

Hudbay Minerals Stock Up 2.9%

Shares of HBM stock traded up C$0.90 during mid-day trading on Thursday, hitting C$31.80. 1,574,448 shares of the stock traded hands, compared to its average volume of 2,185,031. The stock has a market cap of C$14.12 billion, a P/E ratio of 19.04, a P/E/G ratio of 3.97 and a beta of 2.36. The stock’s fifty day moving average is C$34.80 and its two-hundred day moving average is C$33.43. Hudbay Minerals has a 52-week low of C$12.44 and a 52-week high of C$44.48. The company has a debt-to-equity ratio of 30.14, a current ratio of 1.36 and a quick ratio of 0.85.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its quarterly earnings data on Wednesday, July 29th. The mining company reported C$0.40 earnings per share (EPS) for the quarter. The firm had revenue of C$896.94 million for the quarter. Hudbay Minerals had a net margin of 27.86% and a return on equity of 20.70%. Equities analysts predict 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.