Hudbay Minerals (TSE:HBM) Price Target Raised to C$44.50

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target raised by Bank of America from C$37.75 to C$44.50 in a research report sent to investors on Thursday,BayStreet.CA reports.

Several other brokerages also recently commented on HBM. Desjardins increased their price objective on Hudbay Minerals from C$36.00 to C$40.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. UBS Group set a C$34.50 price objective on Hudbay Minerals and gave the company a “buy” rating in a research note on Friday, January 9th. Scotiabank reduced their target price on shares of Hudbay Minerals from C$37.00 to C$35.50 and set an “outperform” rating for the company in a research note on Monday, February 23rd. Canaccord Genuity Group raised their price target on shares of Hudbay Minerals from C$35.00 to C$39.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Finally, Raymond James Financial boosted their price target on shares of Hudbay Minerals from C$34.00 to C$36.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Three investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$36.97.

Hudbay Minerals Stock Performance

Shares of HBM stock opened at C$38.65 on Thursday. The firm has a market capitalization of C$15.31 billion, a PE ratio of 33.32, a price-to-earnings-growth ratio of 3.97 and a beta of 2.16. The firm has a fifty day simple moving average of C$32.52 and a two-hundred day simple moving average of C$25.05. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 46.39. Hudbay Minerals has a 12 month low of C$8.49 and a 12 month high of C$38.94.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released its quarterly earnings data on Friday, February 20th. The mining company reported C$0.30 earnings per share for the quarter. The firm had revenue of C$747.72 million for the quarter. Hudbay Minerals had a net margin of 4.23% and a return on equity of 3.74%. 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.