Hudbay Minerals (TSE:HBM) Given New C$40.00 Price Target at Desjardins

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target upped by research analysts at Desjardins from C$36.00 to C$40.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the mining company’s stock. Desjardins’ price target indicates a potential upside of 6.41% from the company’s previous close.

HBM has been the subject of a number of other reports. Canaccord Genuity Group increased their price target on Hudbay Minerals from C$35.00 to C$39.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Scotiabank cut their price objective on Hudbay Minerals from C$37.00 to C$35.50 and set an “outperform” rating for the company in a report on Monday. Stifel Nicolaus lifted their target price on Hudbay Minerals from C$28.00 to C$41.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. BMO Capital Markets boosted their price target on shares of Hudbay Minerals from C$23.00 to C$24.00 in a research report on Tuesday, November 18th. Finally, UBS Group set a C$34.50 price objective on shares of Hudbay Minerals and gave the company a “buy” rating in a research report on Friday, January 9th. Three analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$35.78.

Hudbay Minerals Stock Performance

HBM stock traded up C$1.85 during mid-day trading on Tuesday, reaching C$37.59. The company had a trading volume of 1,080,864 shares, compared to its average volume of 2,061,151. Hudbay Minerals has a one year low of C$8.49 and a one year high of C$38.80. The stock has a market capitalization of C$14.89 billion, a P/E ratio of 32.41, a P/E/G ratio of 3.97 and a beta of 2.16. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39. The stock’s 50-day simple moving average is C$31.55 and its two-hundred day simple moving average is C$24.43.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its quarterly earnings data on Friday, February 20th. The mining company reported C$0.30 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 business had revenue of C$747.72 million during the quarter. Research analysts anticipate that Hudbay Minerals will post 1.1220575 EPS for the current 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. 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.