Hudbay Minerals (TSE:HBM) Given New C$41.00 Price Target at Stifel Nicolaus

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target lifted by equities researchers at Stifel Nicolaus from C$28.00 to C$41.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the mining company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 15.04% from the stock’s current price.

Other analysts have also issued research reports about the stock. TD Securities upped their target price on shares of Hudbay Minerals from C$17.00 to C$43.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. BMO Capital Markets upped their price target on shares of Hudbay Minerals from C$23.00 to C$24.00 in a report on Tuesday, November 18th. Canadian Imperial Bank of Commerce increased their price objective on Hudbay Minerals from C$35.00 to C$42.00 in a research report on Wednesday, February 4th. Raymond James Financial boosted their target price on Hudbay Minerals from C$34.00 to C$36.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Finally, Jefferies Financial Group raised their price target on Hudbay Minerals from C$31.00 to C$37.00 in a report on Monday, January 19th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$35.05.

Hudbay Minerals Stock Performance

Shares of Hudbay Minerals stock traded up C$1.21 during trading hours on Wednesday, reaching C$35.64. The company had a trading volume of 1,271,423 shares, compared to its average volume of 1,929,812. The firm has a market cap of C$14.12 billion, a PE ratio of 30.72, a price-to-earnings-growth ratio of 3.97 and a beta of 2.16. Hudbay Minerals has a one year low of C$8.49 and a one year high of C$38.80. 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 business has a fifty day simple moving average of C$29.75 and a 200 day simple moving average of C$23.03.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its quarterly earnings data on Wednesday, November 12th. The mining company reported C$0.03 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$0.35 million for the quarter. On average, 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.