Hudbay Minerals (TSE:HBM) PT Set at C$34.50 by UBS Group

Hudbay Minerals (TSE:HBM) (NYSE:HBM) received a C$34.50 price target from stock analysts at UBS Group in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the mining company’s stock. UBS Group’s target price would suggest a potential upside of 15.00% from the stock’s current price.

A number of other brokerages also recently weighed in on HBM. Stifel Nicolaus raised their target price on shares of Hudbay Minerals from C$20.00 to C$28.00 in a research note on Tuesday, October 21st. Citigroup set a C$23.00 price target on Hudbay Minerals and gave the stock a “buy” rating in a research report on Monday, December 15th. BMO Capital Markets raised their price objective on Hudbay Minerals from C$23.00 to C$24.00 in a research report on Tuesday, November 18th. Desjardins boosted their target price on Hudbay Minerals from C$26.00 to C$30.00 and gave the stock a “buy” rating in a report on Monday, December 15th. Finally, Scotiabank increased their target price on Hudbay Minerals from C$26.00 to C$31.00 in a research note on Thursday. Four research analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. According to MarketBeat.com, Hudbay Minerals has a consensus rating of “Buy” and an average price target of C$25.29.

Hudbay Minerals Stock Up 2.5%

Shares of TSE:HBM opened at C$30.00 on Friday. The firm has a market capitalization of C$11.88 billion, a P/E ratio of 25.86, a P/E/G ratio of 3.97 and a beta of 2.05. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.85 and a current ratio of 1.86. The stock has a 50 day moving average price of C$24.80 and a 200-day moving average price of C$19.98. Hudbay Minerals has a 52-week low of C$8.49 and a 52-week high of C$30.50.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its quarterly earnings results on Wednesday, November 12th. The mining company reported C$0.03 earnings per share for the quarter. The company had revenue of C$0.35 million for the quarter. Hudbay Minerals had a return on equity of 3.74% and a net margin of 4.23%. As a group, equities research analysts anticipate that Hudbay Minerals will post 1.1220575 EPS for the current fiscal 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. Hudbay produces copper concentrate, which contains copper, gold, and silver, as well as zinc metal. More than half the company’s revenue is attributable to the copper business.