Hudbay Minerals (TSE:HBM) Price Target Raised to C$36.00 at Desjardins

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price objective hoisted by Desjardins from C$30.00 to C$36.00 in a report released on Monday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the mining company’s stock.

HBM has been the topic of several other research reports. UBS Group set a C$34.50 target price on Hudbay Minerals and gave the stock a “buy” rating in a research report on Friday, January 9th. 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. Citigroup set a C$23.00 target price on Hudbay Minerals and gave the stock a “buy” rating in a research note on Monday, December 15th. BMO Capital Markets lifted their target price on Hudbay Minerals from C$23.00 to C$24.00 in a report on Tuesday, November 18th. Finally, Raymond James Financial increased their price target on shares of Hudbay Minerals from C$34.00 to C$36.00 and gave the stock an “outperform” rating in a report on Monday. Three analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$29.71.

Hudbay Minerals Price Performance

HBM opened at C$34.89 on Monday. The firm has a 50-day moving average price of C$27.06 and a 200-day moving average price of C$21.43. Hudbay Minerals has a twelve month low of C$8.49 and a twelve month high of C$36.25. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39. The company has a market capitalization of C$13.82 billion, a price-to-earnings ratio of 30.08, a PEG ratio of 3.97 and a beta of 2.05.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released its quarterly earnings data on Wednesday, November 12th. The mining company reported C$0.03 EPS for the quarter. The company 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%. Equities analysts expect that Hudbay Minerals will post 1.1220575 EPS 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.