Hudbay Minerals (TSE:HBM) Given New C$36.00 Price Target at Raymond James Financial

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target raised by Raymond James Financial from C$34.00 to C$36.00 in a report issued on Monday,BayStreet.CA reports. The brokerage currently has an outperform rating on the mining company’s stock.

HBM has been the subject of several other reports. Jefferies Financial Group upped their price objective on Hudbay Minerals from C$31.00 to C$37.00 in a research report on Monday, January 19th. Royal Bank Of Canada boosted their target price on Hudbay Minerals from C$26.00 to C$28.00 in a research note on Wednesday, December 10th. UBS Group set a C$34.50 price target on shares of Hudbay Minerals and gave the company a “buy” rating in a research note on Friday, January 9th. TD Securities lifted their price target on shares of Hudbay Minerals from C$17.00 to C$43.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Finally, National Bankshares upped their price objective on shares of Hudbay Minerals from C$22.00 to C$25.00 in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. According to data from MarketBeat, Hudbay Minerals has an average rating of “Buy” and a consensus target price of C$29.71.

Hudbay Minerals Stock Performance

Shares of TSE:HBM opened at C$34.89 on Monday. Hudbay Minerals has a 1 year low of C$8.49 and a 1 year high of C$36.25. The stock has a market capitalization of C$13.82 billion, a price-to-earnings ratio of 30.08, 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. The company’s 50 day simple moving average is C$27.06 and its 200 day simple moving average is C$21.43.

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 return on equity of 3.74% and a net margin of 4.23%. As a group, research analysts predict 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.