Hudbay Minerals Inc. (TSE:HBM) Given Consensus Rating of “Buy” by Brokerages

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have been given a consensus rating of “Buy” by the fourteen research firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$31.66.

A number of research analysts recently commented on HBM shares. Jefferies Financial Group increased their target price on shares of Hudbay Minerals from C$31.00 to C$37.00 in a research report on Monday, January 19th. Canadian Imperial Bank of Commerce raised their price objective on Hudbay Minerals from C$35.00 to C$42.00 in a report on Wednesday, February 4th. Bank of America lifted their target price on Hudbay Minerals from C$22.50 to C$26.75 in a research report on Thursday, October 16th. Desjardins upped their target price on Hudbay Minerals from C$30.00 to C$36.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Finally, BMO Capital Markets raised their price target on Hudbay Minerals from C$23.00 to C$24.00 in a research note on Tuesday, November 18th.

Hudbay Minerals Price Performance

Shares of TSE HBM opened at C$33.79 on Monday. The stock’s 50-day simple moving average is C$29.29 and its 200-day simple moving average is C$22.73. The firm has a market capitalization of C$13.39 billion, a PE ratio of 29.13, a price-to-earnings-growth ratio of 3.97 and a beta of 2.16. Hudbay Minerals has a fifty-two week low of C$8.49 and a fifty-two week high of C$38.80. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.85 and a current ratio of 1.86.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its quarterly earnings results on Wednesday, November 12th. The mining company reported C$0.03 earnings per share (EPS) for the quarter. Hudbay Minerals had a return on equity of 3.74% and a net margin of 4.23%.The firm had revenue of C$0.35 million during the quarter. As a group, equities research analysts forecast 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.