Hudbay Minerals (TSE:HBM) Downgraded by National Bankshares to Sector Perform

National Bankshares cut shares of Hudbay Minerals (TSE:HBM) (NYSE:HBM) from an outperform rating to a sector perform rating in a research report report published on Thursday morning,BayStreet.CA reports. The firm currently has C$40.00 price objective on the mining company’s stock, up from their prior price objective of C$28.00.

HBM has been the subject of a number of other research reports. BMO Capital Markets upped their price objective on shares of Hudbay Minerals from C$23.00 to C$24.00 in a report on Tuesday, November 18th. Desjardins raised their price target on shares of Hudbay Minerals from C$30.00 to C$36.00 and gave the stock a “buy” rating in a report on Monday. Scotiabank upped their price objective on Hudbay Minerals from C$26.00 to C$31.00 in a report on Thursday, January 8th. 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, TD Securities lifted their target price on Hudbay Minerals from C$17.00 to C$43.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$30.87.

Hudbay Minerals Stock Down 1.2%

HBM stock opened at C$36.26 on Thursday. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 46.39. The firm has a 50-day moving average of C$27.96 and a two-hundred day moving average of C$21.78. Hudbay Minerals has a 12 month low of C$8.49 and a 12 month high of C$38.80. The company has a market cap of C$14.36 billion, a price-to-earnings ratio of 31.26, a PEG ratio of 3.97 and a beta of 2.05.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted its quarterly earnings results on Wednesday, November 12th. The mining company reported C$0.03 EPS 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, analysts forecast 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.