Hudbay Minerals (TSE:HBM) Lowered to Sector Perform Rating by National Bankshares

Hudbay Minerals (TSE:HBM) (NYSE:HBM) was downgraded by equities research analysts at National Bankshares from an “outperform” rating to a “sector perform” rating in a note issued to investors on Thursday,BayStreet.CA reports. They currently have a C$40.00 target price on the mining company’s stock, up from their previous target price of C$28.00. National Bankshares’ price target points to a potential upside of 10.80% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. BMO Capital Markets lifted their target price on shares of Hudbay Minerals from C$23.00 to C$24.00 in a research note on Tuesday, November 18th. Citigroup set a C$23.00 price target on Hudbay Minerals and gave the stock a “buy” rating in a research report on Monday, December 15th. Bank of America lifted their price objective on shares of Hudbay Minerals from C$22.50 to C$26.75 in a research note on Thursday, October 16th. Royal Bank Of Canada upped their target price on Hudbay Minerals from C$26.00 to C$28.00 in a research note on Wednesday, December 10th. Finally, Raymond James Financial upped their price target on shares of Hudbay Minerals from C$34.00 to C$36.00 and gave the stock an “outperform” rating in a report on Monday. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$30.87.

Hudbay Minerals Stock Performance

Shares of HBM traded down C$0.60 during trading hours on Thursday, hitting C$36.10. The stock had a trading volume of 2,268,300 shares, compared to its average volume of 1,768,951. Hudbay Minerals has a 12 month low of C$8.49 and a 12 month high of C$38.80. The firm has a market capitalization of C$14.30 billion, a PE ratio of 31.12, a PEG ratio of 3.97 and a beta of 2.05. 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 fifty day moving average price of C$27.65 and a 200 day moving average price of C$21.68.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted its quarterly earnings data on Wednesday, November 12th. The mining company reported C$0.03 earnings per share (EPS) for the quarter. The company had revenue of C$0.35 million for the quarter. Hudbay Minerals had a net margin of 4.23% and a return on equity of 3.74%. Analysts anticipate that Hudbay Minerals will post 1.1220575 EPS for the current 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.