Jefferies Financial Group Forecasts Strong Price Appreciation for Hudbay Minerals (TSE:HBM) Stock

Hudbay Minerals (TSE:HBMGet Free Report) (NYSE:HBM) had its price target lifted by equities researchers at Jefferies Financial Group from C$25.00 to C$28.00 in a note issued to investors on Friday,BayStreet.CA reports. Jefferies Financial Group’s target price points to a potential upside of 21.79% from the stock’s previous close.

HBM has been the subject of several other research reports. National Bankshares raised their target price on shares of Hudbay Minerals from C$22.00 to C$25.00 in a report on Wednesday, October 8th. Raymond James Financial raised their target price on shares of Hudbay Minerals from C$17.00 to C$18.50 in a report on Thursday, August 21st. Stifel Nicolaus raised their target price on shares of Hudbay Minerals from C$17.00 to C$20.00 and gave the stock a “buy” rating in a report on Thursday, August 14th. The Goldman Sachs Group raised shares of Hudbay Minerals to a “buy” rating in a report on Monday, September 8th. Finally, Veritas raised shares of Hudbay Minerals to a “strong-buy” rating in a report on Monday, July 7th. Three investment analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$20.93.

Get Our Latest Analysis on HBM

Hudbay Minerals Trading Down 5.1%

Shares of Hudbay Minerals stock opened at C$22.99 on Friday. The company has a debt-to-equity ratio of 46.39, a current ratio of 1.86 and a quick ratio of 0.85. The firm has a fifty day moving average price of C$18.81 and a 200 day moving average price of C$14.48. Hudbay Minerals has a 1 year low of C$8.49 and a 1 year high of C$24.75. The stock has a market cap of C$9.10 billion, a PE ratio of 31.49, a price-to-earnings-growth ratio of 3.97 and a beta of 2.21.

Hudbay Minerals Company Profile

(Get Free Report)

Hudbay Minerals Inc is a Canadian mining company with its operations, property developments, and exploration activities across the United States. The major mines that Hudbay operates are located in Manitoba, Canada, Arizona, United States; and Peru. The company is principally focused on the discovery, production, and marketing of base and precious metals.

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