Hudbay Minerals (TSE:HBM) PT Lowered to C$12.00

Hudbay Minerals (TSE:HBMGet Rating) (NYSE:HBM) had its price objective lowered by investment analysts at Scotiabank from C$12.50 to C$12.00 in a report released on Thursday, BayStreet.CA reports. Scotiabank’s price target would suggest a potential upside of 73.41% from the stock’s current price.

HBM has been the topic of several other research reports. National Bankshares cut their price objective on shares of Hudbay Minerals from C$13.00 to C$12.50 in a research report on Tuesday, April 19th. Credit Suisse Group lifted their price objective on shares of Hudbay Minerals to C$14.50 and gave the company an “outperform” rating in a research note on Thursday, April 21st. BMO Capital Markets lowered their target price on shares of Hudbay Minerals from C$16.00 to C$15.00 in a research report on Monday, April 18th. Raymond James set a C$14.00 price target on Hudbay Minerals and gave the stock an “outperform” rating in a research report on Tuesday. Finally, CSFB increased their price objective on Hudbay Minerals from C$13.00 to C$14.50 in a report on Thursday, April 21st. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$12.82.

Shares of TSE HBM traded down C$0.12 during mid-day trading on Thursday, reaching C$6.92. The company had a trading volume of 750,940 shares, compared to its average volume of 1,240,486. 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 twelve month low of C$6.62 and a twelve month high of C$11.17. The stock’s 50 day moving average is C$9.25 and its 200-day moving average is C$9.25. The stock has a market capitalization of C$1.81 billion and a PE ratio of -5.73.

Hudbay Minerals (TSE:HBMGet Rating) (NYSE:HBM) last issued its earnings results on Wednesday, February 23rd. The mining company reported C$0.16 EPS 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 analysts’ expectations of C$551.94 million. On average, sell-side analysts anticipate that Hudbay Minerals will post 1.5199999 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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