Hudbay Minerals (TSE:HBM) Price Target Raised to C$43.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target boosted by analysts at Raymond James Financial from C$42.00 to C$43.00 in a research report issued to clients and investors on Wednesday, BayStreet reports. Raymond James Financial’s price objective points to a potential upside of 13.40% from the company’s current price.

Several other research analysts have also recently issued reports on HBM. Stifel Nicolaus upped their price objective on Hudbay Minerals from C$41.00 to C$43.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Canaccord Genuity Group cut their target price on Hudbay Minerals from C$40.00 to C$39.50 and set a “buy” rating on the stock in a research report on Thursday, July 30th. BMO Capital Markets decreased their target price on Hudbay Minerals from C$46.00 to C$44.00 and set an “outperform” rating for the company in a research note on Thursday, July 30th. ATB Cormark Capital Markets lowered their price target on Hudbay Minerals from C$35.50 to C$35.00 and set an “outperform” rating for the company in a report on Thursday, July 30th. Finally, Barclays increased their price target on shares of Hudbay Minerals from C$41.00 to C$45.00 in a research note on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Hudbay Minerals has a consensus rating of “Buy” and a consensus price target of C$42.03.

Hudbay Minerals Stock Down 1.1%

Shares of TSE:HBM traded down C$0.43 during trading hours on Wednesday, reaching C$37.92. The stock had a trading volume of 1,268,551 shares, compared to its average volume of 2,171,542. Hudbay Minerals has a 1 year low of C$20.26 and a 1 year high of C$44.48. The firm’s 50 day moving average is C$37.02 and its 200-day moving average is C$34.60. The stock has a market capitalization of C$16.84 billion, a price-to-earnings ratio of 23.29, a P/E/G ratio of 3.97 and a beta of 2.31. The company has a debt-to-equity ratio of 19.04, a quick ratio of 0.85 and a current ratio of 2.24.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its earnings results on Wednesday, July 29th. The mining company reported C$0.40 EPS for the quarter. The firm had revenue of C$896.94 million during the quarter. Hudbay Minerals had a net margin of 27.22% and a return on equity of 18.41%. Research analysts predict that Hudbay Minerals will post 1.1220575 earnings per share for the current fiscal year.

About Hudbay Minerals

Hudbay (TSX, NYSE: HBM) is a copper-focused critical minerals mining company with three long-life operations and a world-class pipeline of copper growth projects in tier-one mining jurisdictions of Canada, Peru and the United States. Hudbay’s operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the Company, which is complemented by meaningful gold production and by-product zinc, silver and molybdenum.