Hudbay Minerals (TSE:HBM) Stock Price Expected to Rise, ATB Cormark Capital Markets Analyst Says

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target boosted by analysts at ATB Cormark Capital Markets from C$26.00 to C$37.50 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the mining company’s stock. ATB Cormark Capital Markets’ price objective points to a potential upside of 4.52% from the stock’s previous close.

Several other equities analysts have also issued reports on the company. Canadian Imperial Bank of Commerce boosted their target price on Hudbay Minerals from C$35.00 to C$42.00 in a research report on Wednesday, February 4th. Scotiabank lifted their price objective on shares of Hudbay Minerals from C$26.00 to C$31.00 in a research note on Thursday, January 8th. Stifel Nicolaus upped their target price on shares of Hudbay Minerals from C$28.00 to C$41.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Canaccord Genuity Group increased their target price on shares of Hudbay Minerals from C$35.00 to C$39.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Finally, Raymond James Financial boosted their price target on shares of Hudbay Minerals from C$34.00 to C$36.00 and gave the company an “outperform” rating in a report on Monday, January 26th. Three investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$35.52.

Hudbay Minerals Price Performance

Hudbay Minerals stock traded up C$1.69 on Monday, reaching C$35.88. The company’s stock had a trading volume of 1,554,714 shares, compared to its average volume of 2,068,852. The business’s fifty day moving average price is C$31.35 and its 200 day moving average price is C$24.26. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.85 and a current ratio of 1.86. The company has a market cap of C$14.21 billion, a price-to-earnings ratio of 30.93, a PEG ratio of 3.97 and a beta of 2.16. Hudbay Minerals has a twelve month low of C$8.49 and a twelve month high of C$38.80.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its quarterly earnings data on Friday, February 20th. The mining company reported C$0.30 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$747.72 million for the quarter. Equities analysts expect that Hudbay Minerals will post 1.1220575 earnings per share for the current fiscal 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.