Hudbay Minerals (TSE:HBM) Given New C$43.00 Price Target at TD Securities

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target boosted by TD Securities from C$17.00 to C$43.00 in a report issued on Thursday,BayStreet.CA reports. TD Securities currently has a buy rating on the mining company’s stock.

HBM has been the subject of a number of other research reports. Royal Bank Of Canada lifted their price objective on Hudbay Minerals from C$26.00 to C$28.00 in a research note on Wednesday, December 10th. Desjardins lifted their price target on Hudbay Minerals from C$26.00 to C$30.00 and gave the company a “buy” rating in a research report on Monday, December 15th. Citigroup set a C$23.00 price target on Hudbay Minerals and gave the company a “buy” rating in a report on Monday, December 15th. UBS Group set a C$34.50 price objective on Hudbay Minerals and gave the stock a “buy” rating in a research report on Friday, January 9th. Finally, National Bankshares lifted their target price on shares of Hudbay Minerals from C$22.00 to C$25.00 in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. According to data from MarketBeat, Hudbay Minerals presently has a consensus rating of “Buy” and an average target price of C$27.90.

Hudbay Minerals Stock Up 0.1%

HBM stock opened at C$33.26 on Thursday. The firm’s fifty day simple moving average is C$26.55 and its 200-day simple moving average is C$21.06. The company has a market capitalization of C$13.18 billion, a P/E ratio of 28.67, a price-to-earnings-growth ratio of 3.97 and a beta of 2.05. The company has a debt-to-equity ratio of 46.39, a current ratio of 1.86 and a quick ratio of 0.85. Hudbay Minerals has a 12 month low of C$8.49 and a 12 month high of C$35.10.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its 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 net margin of 4.23% and a return on equity of 3.74%. As a group, equities research analysts forecast that Hudbay Minerals will post 1.1220575 earnings per share for the current 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. 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.