National Bank Financial Issues Positive Forecast for Hudbay Minerals (TSE:HBM) Stock Price

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price increased by equities research analysts at National Bank Financial from C$41.00 to C$42.50 in a report released on Monday, BayStreet reports. The brokerage presently has a “sector perform” rating on the mining company’s stock. National Bank Financial’s price objective points to a potential upside of 8.64% from the stock’s previous close.

Several other research analysts have also recently weighed in on HBM. Canaccord Genuity Group decreased their price target on Hudbay Minerals from C$40.00 to C$39.50 and set a “buy” rating for the company in a research note on Thursday, July 30th. Raymond James Financial increased their price objective on Hudbay Minerals from C$42.00 to C$43.00 in a research report on Wednesday, September 30th. Scotiabank reduced their price objective on Hudbay Minerals from C$44.00 to C$43.00 and set a “sector outperform” rating for the company in a report on Thursday, July 30th. Jefferies Financial Group decreased their target price on Hudbay Minerals from C$57.00 to C$50.00 in a research report on Monday, July 6th. Finally, Royal Bank Of Canada upped their target price on shares of Hudbay Minerals from C$40.00 to C$48.00 in a research note on Wednesday, September 16th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$42.26.

Hudbay Minerals Stock Up 0.9%

Shares of TSE:HBM traded up C$0.34 during trading on Monday, reaching C$39.12. 822,181 shares of the stock traded hands, compared to its average volume of 2,161,026. The stock has a market cap of C$17.37 billion, a P/E ratio of 24.03, a price-to-earnings-growth 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. The stock has a 50-day moving average of C$37.38 and a two-hundred day moving average of C$34.79. Hudbay Minerals has a 52-week low of C$20.26 and a 52-week high of C$44.48.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its quarterly earnings data on Wednesday, July 29th. The mining company reported C$0.40 earnings per share for the quarter. The company 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%. As a group, sell-side analysts expect that Hudbay Minerals will post 1.1220575 earnings per share for the current fiscal year.

Hudbay Minerals Company Profile

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.