Hudbay Minerals (TSE:HBM) Given a C$34.50 Price Target by UBS Group Analysts

UBS Group set a C$34.50 target price on Hudbay Minerals (TSE:HBM) (NYSE:HBM) in a report issued on Friday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the mining company’s stock.

A number of other brokerages have also commented on HBM. National Bankshares boosted their price objective on shares of Hudbay Minerals from C$22.00 to C$25.00 in a research report on Wednesday, October 8th. Stifel Nicolaus lifted their price target on shares of Hudbay Minerals from C$20.00 to C$28.00 in a research note on Tuesday, October 21st. BMO Capital Markets increased their price objective on shares of Hudbay Minerals from C$23.00 to C$24.00 in a research note on Tuesday, November 18th. Desjardins raised their price objective on Hudbay Minerals from C$26.00 to C$30.00 and gave the company a “buy” rating in a report on Monday, December 15th. Finally, Jefferies Financial Group upped their target price on Hudbay Minerals from C$27.00 to C$31.00 in a report on Monday, December 8th. Three analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. Based on data from MarketBeat, Hudbay Minerals presently has a consensus rating of “Buy” and an average price target of C$25.29.

Hudbay Minerals Stock Up 2.5%

HBM stock opened at C$30.00 on Friday. The company has a debt-to-equity ratio of 46.39, a current ratio of 1.86 and a quick ratio of 0.85. The stock has a market capitalization of C$11.88 billion, a P/E ratio of 25.86, a P/E/G ratio of 3.97 and a beta of 2.05. Hudbay Minerals has a fifty-two week low of C$8.49 and a fifty-two week high of C$30.50. The business has a 50-day moving average of C$24.80 and a 200-day moving average of C$19.94.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released its earnings results on Wednesday, November 12th. The mining company reported C$0.03 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. On average, sell-side analysts anticipate that Hudbay Minerals will post 1.1220575 earnings per share for the current fiscal 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.