BMO Capital Markets Forecasts Strong Price Appreciation for Hudbay Minerals (TSE:HBM) Stock

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price objective raised by analysts at BMO Capital Markets from C$23.00 to C$24.00 in a research report issued on Tuesday,BayStreet.CA reports. BMO Capital Markets’ price target points to a potential upside of 12.83% from the stock’s previous close.

HBM has been the topic of a number of other reports. 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. Scotiabank decreased their target price on Hudbay Minerals from C$26.50 to C$26.00 in a research note on Thursday, November 13th. Royal Bank Of Canada lifted their price target on Hudbay Minerals from C$19.00 to C$20.00 in a research note on Wednesday, September 10th. The Goldman Sachs Group upgraded Hudbay Minerals to a “buy” rating in a report on Monday, September 8th. Finally, National Bankshares raised their price objective on shares of Hudbay Minerals from C$22.00 to C$25.00 in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$22.02.

Hudbay Minerals Trading Down 1.3%

Shares of Hudbay Minerals stock traded down C$0.27 during trading hours on Tuesday, reaching C$21.27. The stock had a trading volume of 566,401 shares, compared to its average volume of 1,797,992. The firm has a market capitalization of C$8.43 billion, a price-to-earnings ratio of 18.34, a P/E/G ratio of 3.97 and a beta of 2.41. Hudbay Minerals has a 1 year low of C$8.49 and a 1 year high of C$24.75. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 46.39. The firm has a 50 day simple moving average of C$21.48 and a two-hundred day simple moving average of C$16.41.

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.