Hudbay Minerals (TSE:HBM) Price Target Cut to C$8.00

Hudbay Minerals (TSE:HBMGet Rating) (NYSE:HBM) had its price target cut by analysts at Haywood Securities from C$12.00 to C$8.00 in a research report issued on Friday, Marketbeat reports. The brokerage presently has a “buy” rating on the mining company’s stock. Haywood Securities’ price objective would indicate a potential upside of 83.07% from the company’s previous close.

Several other analysts have also issued reports on the company. Scotiabank cut their price target on Hudbay Minerals from C$10.00 to C$7.50 in a report on Thursday, July 7th. National Bank Financial lowered Hudbay Minerals from an “outperform” rating to a “sector perform” rating in a report on Monday, July 18th. National Bankshares lowered Hudbay Minerals from an “outperform” rating to a “sector perform” rating and cut their price target for the company from C$8.50 to C$7.75 in a report on Tuesday, July 19th. Raymond James cut their price target on Hudbay Minerals from C$12.00 to C$8.00 and set an “outperform” rating for the company in a report on Tuesday, July 19th. Finally, BMO Capital Markets dropped their price objective on Hudbay Minerals from C$13.50 to C$13.00 in a research note on Monday, July 18th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Hudbay Minerals has an average rating of “Moderate Buy” and an average target price of C$9.77.

Hudbay Minerals Stock Performance

Shares of HBM opened at C$4.37 on Friday. The company has a debt-to-equity ratio of 80.55, a current ratio of 1.35 and a quick ratio of 0.87. Hudbay Minerals has a one year low of C$4.07 and a one year high of C$11.17. The firm has a market capitalization of C$1.14 billion and a P/E ratio of -7.31. The business has a fifty day moving average of C$6.08 and a 200 day moving average of C$8.26.

Hudbay Minerals (TSE:HBMGet Rating) (NYSE:HBM) last released its quarterly earnings results on Monday, May 9th. The mining company reported C$0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.12 by C($0.09). The business had revenue of C$479.61 million during the quarter, compared to analyst estimates of C$511.94 million. As a group, sell-side analysts anticipate that Hudbay Minerals will post 1.3 EPS for the current year.

Hudbay Minerals Company Profile

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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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