Hudbay Minerals (TSE:HBM) Given a C$23.00 Price Target at Citigroup

Citigroup set a C$23.00 price target on Hudbay Minerals (TSE:HBM) (NYSE:HBM) in a research note issued to investors on Monday, Marketbeat Ratings reports. The firm currently has a buy rating on the mining company’s stock.

A number of other research analysts also recently weighed in on the company. Scotiabank lowered their target price on Hudbay Minerals from C$26.50 to C$26.00 in a report on Thursday, November 13th. The Goldman Sachs Group upgraded Hudbay Minerals to a “buy” rating in a research report on Monday, September 8th. Royal Bank Of Canada upped their target price on shares of Hudbay Minerals from C$26.00 to C$28.00 in a research report on Wednesday, December 10th. Raymond James Financial raised their price target on Hudbay Minerals from C$17.00 to C$18.50 in a report on Thursday, August 21st. Finally, Desjardins raised their price objective on Hudbay Minerals from C$26.00 to C$30.00 and gave the company a “buy” rating in a research note on Monday. Three research analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. According to data from MarketBeat, Hudbay Minerals currently has an average rating of “Buy” and a consensus price target of C$24.10.

Hudbay Minerals Price Performance

HBM opened at C$25.96 on Monday. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 46.39. The company has a market cap of C$10.28 billion, a price-to-earnings ratio of 22.38, a price-to-earnings-growth ratio of 3.97 and a beta of 2.07. The stock has a fifty day simple moving average of C$22.97 and a two-hundred day simple moving average of C$18.09. Hudbay Minerals has a 12-month low of C$8.49 and a 12-month high of C$26.57.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted its quarterly earnings results on Wednesday, November 12th. The mining company reported C$0.03 earnings per share (EPS) for the quarter. The firm had revenue of C$0.35 million during the quarter. Hudbay Minerals had a return on equity of 3.74% and a net margin of 4.23%. Research analysts predict that Hudbay Minerals will post 1.1220575 earnings per share for the current fiscal year.

Hudbay Minerals Company Profile

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.