Hudbay Minerals (TSE:HBM) Price Target Raised to C$14.50 at Credit Suisse Group

Hudbay Minerals (TSE:HBMGet Rating) (NYSE:HBM) had its price target upped by stock analysts at Credit Suisse Group to C$14.50 in a note issued to investors on Thursday, Stock Target Advisor reports. The firm currently has an “outperform” rating on the mining company’s stock. Credit Suisse Group’s target price indicates a potential upside of 66.48% from the stock’s previous close.

HBM has been the topic of a number of other reports. CSFB boosted their target price on shares of Hudbay Minerals from C$13.00 to C$14.50 in a research report on Thursday. National Bankshares decreased their target price on shares of Hudbay Minerals from C$13.00 to C$12.50 in a research report on Tuesday. Raymond James increased their target price on shares of Hudbay Minerals from C$13.00 to C$14.00 and gave the company an “outperform” rating in a research report on Wednesday. Scotiabank raised their price objective on shares of Hudbay Minerals from C$12.00 to C$12.50 in a research report on Tuesday. Finally, BMO Capital Markets reduced their price objective on shares of Hudbay Minerals from C$16.00 to C$15.00 in a research note on Monday. Eleven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$13.01.

Shares of TSE:HBM traded down C$0.61 during midday trading on Thursday, hitting C$8.71. The stock had a trading volume of 2,118,843 shares, compared to its average volume of 1,186,275. The company has a current ratio of 1.29, a quick ratio of 0.93 and a debt-to-equity ratio of 85.20. Hudbay Minerals has a 1 year low of C$6.70 and a 1 year high of C$11.62. The stock has a 50 day moving average price of C$9.92 and a two-hundred day moving average price of C$9.31. The company has a market capitalization of C$2.28 billion and a PE ratio of -7.41.

Hudbay Minerals (TSE:HBMGet Rating) (NYSE:HBM) last posted its quarterly earnings data on Wednesday, February 23rd. The mining company reported C$0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.16. The firm had revenue of C$536.03 million during the quarter, compared to analyst estimates of C$551.94 million. As a group, equities analysts expect that Hudbay Minerals will post 1.47 EPS for the current year.

Hudbay Minerals Company Profile (Get Rating)

Hudbay Minerals Inc, a diversified mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; silver/gold doré; molybdenum concentrates; and zinc metals.

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