Hudbay Minerals (TSE:HBM) Given New C$30.00 Price Target at Desjardins

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target boosted by Desjardins from C$26.00 to C$30.00 in a report issued on Monday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the mining company’s stock.

A number of other analysts have also issued reports on HBM. Jefferies Financial Group raised their target price on Hudbay Minerals from C$27.00 to C$31.00 in a report on Monday, December 8th. Raymond James Financial boosted their target price on shares of Hudbay Minerals from C$17.00 to C$18.50 in a research report on Thursday, August 21st. Bank of America upped their target price on shares of Hudbay Minerals from C$22.50 to C$26.75 in a research note on Thursday, October 16th. BMO Capital Markets raised their price target on shares of Hudbay Minerals from C$23.00 to C$24.00 in a research report on Tuesday, November 18th. Finally, The Goldman Sachs Group upgraded shares of Hudbay Minerals to a “buy” rating in a report on Monday, September 8th. Three analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$24.10.

Hudbay Minerals Stock Performance

TSE:HBM opened at C$25.96 on Monday. The firm has a market capitalization of C$10.28 billion, a PE ratio of 22.38, a PEG ratio of 3.97 and a beta of 2.07. Hudbay Minerals has a 1 year low of C$8.49 and a 1 year high of C$26.57. 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 firm’s fifty day simple moving average is C$22.97 and its 200 day simple moving average is C$18.09.

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

About Hudbay Minerals

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.