Hudbay Minerals (TSE:HBM) Downgraded by Natl Bk Canada to Hold

Natl Bk Canada lowered shares of Hudbay Minerals (TSE:HBM) (NYSE:HBM) from a strong-buy rating to a hold rating in a research note published on Wednesday morning,Zacks.com reports.

HBM has been the subject of several other reports. Jefferies Financial Group boosted their price objective on shares of Hudbay Minerals from C$31.00 to C$37.00 in a report on Monday, January 19th. Bank of America boosted their target price on shares of Hudbay Minerals from C$22.50 to C$26.75 in a research note on Thursday, October 16th. Royal Bank Of Canada increased their price target on Hudbay Minerals from C$26.00 to C$28.00 in a report on Wednesday, December 10th. UBS Group set a C$34.50 price objective on Hudbay Minerals and gave the stock a “buy” rating in a report on Friday, January 9th. Finally, National Bankshares cut Hudbay Minerals from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from C$28.00 to C$40.00 in a research report on Thursday. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$30.87.

Hudbay Minerals Stock Down 1.2%

Shares of TSE:HBM opened at C$36.26 on Wednesday. The stock’s 50-day moving average is C$27.96 and its 200 day moving average is C$21.78. The company has a debt-to-equity ratio of 46.39, a current ratio of 1.86 and a quick ratio of 0.85. Hudbay Minerals has a 1 year low of C$8.49 and a 1 year high of C$38.80. The company has a market cap of C$14.36 billion, a PE ratio of 31.26, a P/E/G ratio of 3.97 and a beta of 2.05.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its quarterly earnings results on Wednesday, November 12th. The mining company reported C$0.03 earnings per share (EPS) for the quarter. Hudbay Minerals had a return on equity of 3.74% and a net margin of 4.23%.The firm had revenue of C$0.35 million for the quarter. Sell-side analysts anticipate that Hudbay Minerals will post 1.1220575 EPS for the current year.

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. Hudbay produces copper concentrate, which contains copper, gold, and silver, as well as zinc metal. More than half the company’s revenue is attributable to the copper business.