Hudbay Minerals (TSE:HBM) Upgraded at UBS Group

UBS Group upgraded shares of Hudbay Minerals (TSE:HBM) (NYSE:HBM) to a strong-buy rating in a research note released on Thursday morning,Zacks.com reports.

Other analysts have also issued research reports about the company. Royal Bank Of Canada increased their price objective on Hudbay Minerals from C$26.00 to C$28.00 in a report on Wednesday, December 10th. BMO Capital Markets upped their target price on Hudbay Minerals from C$23.00 to C$24.00 in a research report on Tuesday, November 18th. Scotiabank increased their price target on Hudbay Minerals from C$26.00 to C$31.00 in a research note on Thursday. Stifel Nicolaus raised their price target on Hudbay Minerals from C$20.00 to C$28.00 in a report on Tuesday, October 21st. Finally, National Bankshares boosted their price target on Hudbay Minerals from C$22.00 to C$25.00 in a research note on Wednesday, October 8th. Four analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, Hudbay Minerals currently has a consensus rating of “Buy” and a consensus price target of C$25.29.

Hudbay Minerals Price Performance

Shares of HBM stock opened at C$30.00 on Thursday. The stock’s 50-day moving average is C$24.80 and its 200 day moving average is C$19.98. Hudbay Minerals has a 1-year low of C$8.49 and a 1-year high of C$30.50. 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 company has a market cap of C$11.88 billion, a P/E ratio of 25.86, a PEG ratio of 3.97 and a beta of 2.05.

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