Hudbay Minerals Inc. (TSE:HBM) Receives C$25.29 Consensus PT from Analysts

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have been given a consensus recommendation of “Buy” by the thirteen research firms that are covering the company, Marketbeat.com reports. Nine investment analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$25.29.

HBM has been the subject of a number of research analyst reports. UBS Group set a C$34.50 price target on Hudbay Minerals and gave the company a “buy” rating in a research report on Friday, January 9th. Jefferies Financial Group raised their price objective on shares of Hudbay Minerals from C$27.00 to C$31.00 in a research report on Monday, December 8th. Bank of America upped their target price on shares of Hudbay Minerals from C$22.50 to C$26.75 in a research report on Thursday, October 16th. Citigroup set a C$23.00 target price on Hudbay Minerals and gave the company a “buy” rating in a research note on Monday, December 15th. Finally, Stifel Nicolaus lifted their price target on Hudbay Minerals from C$20.00 to C$28.00 in a research note on Tuesday, October 21st.

Hudbay Minerals Price Performance

HBM stock opened at C$31.34 on Thursday. The firm has a 50 day moving average of C$25.75 and a 200-day moving average of C$20.58. The firm has a market capitalization of C$12.42 billion, a P/E ratio of 27.02, a price-to-earnings-growth ratio of 3.97 and a beta of 2.05. Hudbay Minerals has a 12 month low of C$8.49 and a 12 month high of C$32.39. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 46.39.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released its quarterly earnings results on Wednesday, November 12th. The mining company reported C$0.03 earnings per share for the quarter. Hudbay Minerals had a net margin of 4.23% and a return on equity of 3.74%. The firm had revenue of C$0.35 million for the quarter. As a group, sell-side analysts predict 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.