Raymond James Reiterates C$14.00 Price Target for Hudbay Minerals (TSE:HBM)

Hudbay Minerals (TSE:HBM – Get Rating) (NYSE:HBM) has been given a C$14.00 price target by equities research analysts at Raymond James in a report released on Tuesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the mining company’s stock. Raymond James’ price target indicates a potential upside of 100.29% from the stock’s previous close.

Several other equities analysts have also commented on the stock. BMO Capital Markets lowered their price target on shares of Hudbay Minerals from C$16.00 to C$15.00 in a research report on Monday, April 18th. National Bankshares dropped their target price on Hudbay Minerals from C$13.00 to C$12.50 in a report on Tuesday, April 19th. CSFB boosted their target price on Hudbay Minerals from C$13.00 to C$14.50 in a report on Thursday, April 21st. Credit Suisse Group boosted their target price on Hudbay Minerals to C$14.50 and gave the stock an “outperform” rating in a report on Thursday, April 21st. Finally, Scotiabank boosted their target price on Hudbay Minerals from C$12.00 to C$12.50 in a report on Tuesday, April 19th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$12.93.

Shares of Hudbay Minerals stock traded down C$0.17 during trading on Tuesday, hitting C$6.99. 1,899,257 shares of the stock were exchanged, compared to its average volume of 1,238,702. The stock’s fifty day moving average is C$9.39 and its 200 day moving average is C$9.28. The stock has a market cap of C$1.83 billion and a PE ratio of -5.75. The company has a debt-to-equity ratio of 85.20, a quick ratio of 0.93 and a current ratio of 1.29. Hudbay Minerals has a 12 month low of C$6.70 and a 12 month high of C$11.22.

Hudbay Minerals (TSE:HBM – Get Rating) (NYSE:HBM) last released its quarterly earnings results on Wednesday, February 23rd. The mining company reported C$0.16 EPS for the quarter, hitting the consensus estimate of C$0.16. The firm had revenue of C$536.03 million for the quarter, compared to the consensus estimate of C$551.94 million. Sell-side analysts anticipate that Hudbay Minerals will post 1.5 EPS for the current fiscal 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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