Hudbay Minerals (TSE:HBM) Hits New 1-Year High – Still a Buy?

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM)’s stock price reached a new 52-week high on Thursday . The company traded as high as C$24.86 and last traded at C$24.21, with a volume of 1283338 shares changing hands. The stock had previously closed at C$24.28.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on HBM shares. BMO Capital Markets lifted their price objective on shares of Hudbay Minerals from C$23.00 to C$24.00 in a research report on Tuesday, November 18th. Bank of America lifted their price target on shares of Hudbay Minerals from C$22.50 to C$26.75 in a report on Thursday, October 16th. National Bankshares upped their price target on Hudbay Minerals from C$22.00 to C$25.00 in a research report on Wednesday, October 8th. The Goldman Sachs Group raised Hudbay Minerals to a “buy” rating in a research report on Monday, September 8th. Finally, Royal Bank Of Canada boosted their target price on Hudbay Minerals from C$19.00 to C$20.00 in a research note on Wednesday, September 10th. Three investment analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$22.02.

Hudbay Minerals Trading Down 0.3%

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 stock has a 50-day simple moving average of C$22.35 and a 200 day simple moving average of C$17.33. The company has a market cap of C$9.59 billion, a price-to-earnings ratio of 20.87, a PEG ratio of 3.97 and a beta of 2.41.

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 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$0.35 million for the quarter. As a group, equities research analysts predict that Hudbay Minerals Inc. will post 1.1220575 EPS 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.