Citigroup Boosts Hudbay Minerals (TSE:HBM) Price Target to C$32.50

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price hoisted by analysts at Citigroup from C$23.00 to C$32.50 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the mining company’s stock. Citigroup’s target price suggests a potential downside of 5.91% from the stock’s previous close.

HBM has been the topic of a number of other reports. Jefferies Financial Group lifted their price objective on shares of Hudbay Minerals from C$31.00 to C$37.00 in a report on Monday, January 19th. Natl Bk Canada lowered shares of Hudbay Minerals from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. TD Securities boosted their price target on shares of Hudbay Minerals from C$17.00 to C$43.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Stifel Nicolaus increased their price objective on shares of Hudbay Minerals from C$20.00 to C$28.00 in a research note on Tuesday, October 21st. Finally, BMO Capital Markets lifted their target price on shares of Hudbay Minerals from C$23.00 to C$24.00 in a research report on Tuesday, November 18th. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$35.05.

Hudbay Minerals Stock Performance

Shares of HBM opened at C$34.54 on Wednesday. The firm has a market capitalization of C$13.68 billion, a P/E ratio of 29.78, a P/E/G ratio of 3.97 and a beta of 2.16. Hudbay Minerals has a 52 week low of C$8.49 and a 52 week high of C$38.80. The stock has a 50 day moving average price of C$30.18 and a two-hundred day moving average price of C$23.20. 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 posted its earnings results on Wednesday, November 12th. The mining company reported C$0.03 earnings per share for the quarter. Hudbay Minerals had a return on equity of 3.74% and a net margin of 4.23%.The company had revenue of C$0.35 million for the quarter. Equities 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.