Hudbay Minerals (TSE:HBM) Stock Price Expected to Rise, Barclays Analyst Says

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target hoisted by equities researchers at Barclays from C$41.00 to C$45.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Barclays‘s target price would indicate a potential upside of 57.45% from the company’s previous close.

Other analysts have also issued research reports about the company. Canaccord Genuity Group cut their price objective on Hudbay Minerals from C$41.00 to C$40.00 in a research report on Monday, May 4th. Scotiabank lifted their target price on Hudbay Minerals from C$35.50 to C$44.00 and gave the company a “sector outperform” rating in a report on Thursday, June 25th. BMO Capital Markets boosted their target price on Hudbay Minerals from C$33.00 to C$39.00 in a research note on Wednesday, April 22nd. Jefferies Financial Group cut their price target on Hudbay Minerals from C$57.00 to C$50.00 in a report on Monday, July 6th. Finally, National Bank Financial reduced their price target on Hudbay Minerals from C$40.00 to C$38.50 and set a “sector perform” rating on the stock in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$40.72.

Hudbay Minerals Trading Down 2.3%

Shares of HBM stock opened at C$28.58 on Thursday. The company has a debt-to-equity ratio of 30.14, a quick ratio of 0.85 and a current ratio of 1.36. The stock has a market capitalization of C$12.69 billion, a P/E ratio of 17.11, a price-to-earnings-growth ratio of 3.97 and a beta of 2.36. The company has a 50 day moving average price of C$35.43 and a 200 day moving average price of C$33.21. Hudbay Minerals has a fifty-two week low of C$12.35 and a fifty-two week high of C$44.48.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released its earnings results on Friday, May 1st. The mining company reported C$0.56 earnings per share (EPS) for the quarter. Hudbay Minerals had a net margin of 27.86% and a return on equity of 20.70%. The company had revenue of C$1.05 billion for the quarter. Equities research analysts predict that Hudbay Minerals will post 1.1220575 EPS for the current fiscal year.

About Hudbay Minerals

Hudbay (TSX, NYSE: HBM) is a copper-focused critical minerals mining company with three long-life operations and a world-class pipeline of copper growth projects in tier-one mining jurisdictions of Canada, Peru and the United States. Hudbay’s operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the Company, which is complemented by meaningful gold production and by-product zinc, silver and molybdenum.