Hudbay Minerals Inc. (TSE:HBM) Given Average Recommendation of “Buy” by Brokerages

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) has received a consensus rating of “Buy” from the thirteen analysts that are presently covering the stock, MarketBeat reports. Nine analysts have rated the stock with a buy recommendation and four have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$25.29.

Several brokerages have issued reports on HBM. Bank of America lifted their target price on shares of Hudbay Minerals from C$22.50 to C$26.75 in a research note on Thursday, October 16th. UBS Group set a C$34.50 price objective on shares of Hudbay Minerals and gave the company a “buy” rating in a report on Friday, January 9th. Royal Bank Of Canada boosted their target price on Hudbay Minerals from C$26.00 to C$28.00 in a report on Wednesday, December 10th. Jefferies Financial Group increased their price target on Hudbay Minerals from C$27.00 to C$31.00 in a report on Monday, December 8th. Finally, Citigroup set a C$23.00 price objective on Hudbay Minerals and gave the stock a “buy” rating in a research note on Monday, December 15th.

Hudbay Minerals Price Performance

Hudbay Minerals stock opened at C$32.04 on Thursday. 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 company’s fifty day moving average price is C$25.39 and its 200 day moving average price is C$20.35. The stock has a market capitalization of C$12.69 billion, a P/E ratio of 27.62, a P/E/G ratio of 3.97 and a beta of 2.05. Hudbay Minerals has a 1 year low of C$8.49 and a 1 year high of C$32.39.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released its quarterly earnings results on Wednesday, November 12th. The mining company reported C$0.03 earnings per share 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 during the quarter. As a group, equities research analysts anticipate 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.