Stifel Nicolaus Forecasts Strong Price Appreciation for Hudbay Minerals (TSE:HBM) Stock

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price objective hoisted by research analysts at Stifel Nicolaus from C$28.00 to C$41.00 in a report released on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the mining company’s stock. Stifel Nicolaus’ price objective points to a potential upside of 18.70% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. Bank of America lifted their price target on Hudbay Minerals from C$22.50 to C$26.75 in a research note on Thursday, October 16th. TD Securities lifted their target price on shares of Hudbay Minerals from C$17.00 to C$43.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Jefferies Financial Group increased their price target on shares of Hudbay Minerals from C$31.00 to C$37.00 in a research report on Monday, January 19th. Royal Bank Of Canada raised their price target on shares of Hudbay Minerals from C$26.00 to C$28.00 in a report on Wednesday, December 10th. Finally, Canadian Imperial Bank of Commerce upped their price objective on shares of Hudbay Minerals from C$35.00 to C$42.00 in a research note on Wednesday, February 4th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$35.05.

Hudbay Minerals Stock Performance

Hudbay Minerals stock opened at C$34.54 on Wednesday. The firm has a fifty day simple moving average of C$30.18 and a two-hundred day simple moving average of C$23.20. 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 has a twelve month low of C$8.49 and a twelve month high of C$38.80. The company has a market capitalization of C$13.68 billion, a PE ratio of 29.78, a P/E/G ratio of 3.97 and a beta of 2.16.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its quarterly earnings data on Wednesday, November 12th. The mining company reported C$0.03 earnings per share (EPS) for the quarter. The firm had revenue of C$0.35 million for the quarter. Hudbay Minerals had a return on equity of 3.74% and a net margin of 4.23%. Research analysts expect that Hudbay Minerals will post 1.1220575 EPS for the current 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.