Hudbay Minerals (HBM) Rating Reiterated by Eight Capital
Hudbay Minerals (TSE:HBM) (NYSE:HBM)‘s stock had its “buy” rating reaffirmed by equities research analysts at Eight Capital in a report released on Tuesday. They currently have a C$10.00 price objective on the mining company’s stock. Eight Capital’s price target would indicate a potential upside of 15.07% from the company’s current price.
Other research analysts also recently issued research reports about the stock. CIBC cut their price target on shares of Hudbay Minerals from C$10.00 to C$9.00 in a report on Monday, November 5th. Raymond James restated an “outperform” rating and set a C$9.00 price target on shares of Hudbay Minerals in a report on Friday, November 2nd. BMO Capital Markets restated an “outperform” rating and set a C$10.00 price target on shares of Hudbay Minerals in a report on Wednesday, January 9th. Finally, Royal Bank of Canada downgraded shares of Hudbay Minerals from an “outperform” rating to a “sector perform” rating and set a C$8.00 price target on the stock. in a report on Thursday, December 13th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of C$10.00.
HBM stock opened at C$8.69 on Tuesday. The company has a market capitalization of $2.07 billion and a price-to-earnings ratio of 10.94. The company has a debt-to-equity ratio of 48.06, a current ratio of 2.44 and a quick ratio of 1.93. Hudbay Minerals has a 12-month low of C$4.51 and a 12-month high of C$11.24.
Hudbay Minerals Company Profile
Hudbay Minerals Inc, an integrated mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; and zinc metal. The company owns four polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru; and a copper project in Arizona, the United States.
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