Hudbay Minerals (TSE:HBM) Cut to “Hold” at Natl Bk Canada

Natl Bk Canada downgraded shares of Hudbay Minerals (TSE:HBM) (NYSE:HBM) from a strong-buy rating to a hold rating in a research note published on Wednesday morning,Zacks.com reports.

HBM has been the subject of a number of other reports. Bank of America raised their price target on Hudbay Minerals from C$22.50 to C$26.75 in a report on Thursday, October 16th. National Bankshares lowered Hudbay Minerals from an “outperform” rating to a “sector perform” rating and raised their target price for the company from C$28.00 to C$40.00 in a research note on Thursday. TD Securities lifted their price target on Hudbay Minerals from C$17.00 to C$43.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. UBS Group set a C$34.50 price target on shares of Hudbay Minerals and gave the stock a “buy” rating in a research report on Friday, January 9th. Finally, Royal Bank Of Canada raised their price objective on shares of Hudbay Minerals from C$26.00 to C$28.00 in a research report on Wednesday, December 10th. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$30.87.

Hudbay Minerals Trading Down 11.1%

Shares of Hudbay Minerals stock opened at C$32.25 on Wednesday. Hudbay Minerals has a 12-month low of C$8.49 and a 12-month high of C$38.80. The stock has a market capitalization of C$12.78 billion, a P/E ratio of 27.80, a price-to-earnings-growth ratio of 3.97 and a beta of 2.05. The company has a 50-day simple moving average of C$28.19 and a 200 day simple moving average of C$21.91. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its quarterly earnings data 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 for the quarter. Hudbay Minerals had a net margin of 4.23% and a return on equity of 3.74%. Research analysts expect that Hudbay Minerals will post 1.1220575 earnings per share for the current fiscal 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.