National Bank Financial Cuts Hudbay Minerals (TSE:HBM) Price Target to C$38.50

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target decreased by stock analysts at National Bank Financial from C$40.00 to C$38.50 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the mining company’s stock. National Bank Financial’s price target would suggest a potential upside of 21.60% from the stock’s current price.

A number of other equities analysts have also weighed in on the company. Canadian Imperial Bank of Commerce upped their price objective on Hudbay Minerals from C$42.00 to C$46.00 in a research note on Tuesday, April 21st. BMO Capital Markets lifted their target price on Hudbay Minerals from C$33.00 to C$39.00 in a research note on Wednesday, April 22nd. Barclays set a C$41.00 price target on Hudbay Minerals and gave the stock an “overweight” rating in a report on Friday, May 22nd. Scotiabank increased their price objective on shares of Hudbay Minerals from C$35.50 to C$44.00 and gave the company a “sector outperform” rating in a report on Thursday, June 25th. Finally, Jefferies Financial Group reduced their price objective on shares of Hudbay Minerals from C$57.00 to C$50.00 in a research report on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$40.47.

Hudbay Minerals Price Performance

Shares of HBM traded up C$2.06 during trading hours on Tuesday, reaching C$31.66. 1,356,803 shares of the stock traded hands, compared to its average volume of 2,168,264. The company has a current ratio of 1.36, a quick ratio of 0.85 and a debt-to-equity ratio of 30.14. Hudbay Minerals has a 52-week low of C$12.35 and a 52-week high of C$44.48. The company’s 50-day moving average price is C$35.63 and its two-hundred day moving average price is C$33.17. The company has a market cap of C$14.06 billion, a P/E ratio of 18.96, a price-to-earnings-growth ratio of 3.97 and a beta of 2.36.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its quarterly earnings results on Friday, May 1st. The mining company reported C$0.56 earnings per share (EPS) for the quarter. Hudbay Minerals had a return on equity of 20.70% and a net margin of 27.86%.The business had revenue of C$1.05 billion during the quarter. On average, analysts anticipate that Hudbay Minerals will post 1.1220575 earnings per share for the current 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.