Hudbay Minerals (TSE:HBM) Price Target Raised to C$40.00 at Desjardins

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price raised by Desjardins from C$36.00 to C$40.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. They currently have a buy rating on the mining company’s stock.

Other equities analysts have also issued research reports about the stock. ATB Cormark Capital Markets raised their price objective on shares of Hudbay Minerals from C$26.00 to C$37.50 and gave the company an “outperform” rating in a research report on Monday. National Bank Financial lowered shares of Hudbay Minerals from an “outperform” rating to a “sector perform” rating and increased their target price for the company from C$28.00 to C$40.00 in a research note on Thursday, January 29th. Jefferies Financial Group lifted their price target 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 upped their price target on Hudbay Minerals from C$35.00 to C$42.00 in a report on Wednesday, February 4th. Finally, Canaccord Genuity Group raised their price objective on Hudbay Minerals from C$35.00 to C$39.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Three analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$35.78.

Hudbay Minerals Stock Performance

Shares of TSE HBM opened at C$38.12 on Tuesday. Hudbay Minerals has a 1 year low of C$8.49 and a 1 year high of C$38.80. The firm has a market cap of C$15.10 billion, a P/E ratio of 32.86, a PEG ratio of 3.97 and a beta of 2.16. The stock has a fifty day moving average price of C$31.80 and a two-hundred day moving average price of C$24.60. 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 data on Friday, February 20th. The mining company reported C$0.30 earnings per share for the quarter. Hudbay Minerals had a return on equity of 3.74% and a net margin of 4.23%.The business had revenue of C$747.72 million during the quarter. Research analysts forecast that Hudbay Minerals will post 1.1220575 EPS 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.