Hudbay Minerals (TSE:HBM) PT Raised to C$12.50

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target raised by analysts at Credit Suisse Group to C$12.50 in a research report issued to clients and investors on Wednesday, Stock Target Advisor reports. The brokerage currently has an “outperform” rating on the mining company’s stock. Credit Suisse Group’s target price points to a potential upside of 36.76% from the company’s previous close.

A number of other research analysts have also recently issued reports on HBM. National Bankshares raised shares of Hudbay Minerals from a “sector perform” rating to an “outperform” rating and decreased their price target for the stock from C$14.00 to C$12.50 in a report on Friday, September 10th. CSFB raised their target price on shares of Hudbay Minerals from C$11.50 to C$12.50 and gave the stock an “outperform” rating in a report on Wednesday. Bank of America reduced their target price on shares of Hudbay Minerals from C$12.60 to C$8.60 and set a “na” rating for the company in a report on Wednesday, September 22nd. CIBC reissued an “outperform” rating and set a C$15.00 target price on shares of Hudbay Minerals in a report on Tuesday, October 12th. Finally, Scotiabank reduced their target price on shares of Hudbay Minerals from C$11.50 to C$11.00 in a report on Friday, November 5th. Eleven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Hudbay Minerals presently has an average rating of “Buy” and an average price target of C$12.87.

TSE HBM opened at C$9.14 on Wednesday. The company has a fifty day simple moving average of C$8.40 and a two-hundred day simple moving average of C$8.42. The stock has a market cap of C$2.39 billion and a P/E ratio of -8.36. Hudbay Minerals has a 12-month low of C$6.70 and a 12-month high of C$11.62. The company has a current ratio of 1.38, a quick ratio of 1.00 and a debt-to-equity ratio of 83.94.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted its quarterly earnings results on Wednesday, November 3rd. The mining company reported C$0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.04 by C$0.15. The company had revenue of C$451.99 million during the quarter, compared to analysts’ expectations of C$470.43 million. As a group, sell-side analysts forecast that Hudbay Minerals will post 1.13 earnings per share for the current year.

Hudbay Minerals Company Profile

Hudbay Minerals Inc, a diversified mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; molybdenum concentrates; and zinc metals.

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