Hudbay Minerals (HBM) PT Raised to C$10.25 at National Bank Financial

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Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target lifted by investment analysts at National Bank Financial from C$9.50 to C$10.25 in a report released on Monday. The firm presently has a “sector perform” rating on the mining company’s stock. National Bank Financial’s target price suggests a potential upside of 12.14% from the company’s current price.

HBM has been the subject of several other reports. Royal Bank of Canada upped their target price on shares of Hudbay Minerals from C$8.00 to C$9.00 and gave the company a “sector perform” rating in a research note on Friday, March 1st. CSFB upped their target price on shares of Hudbay Minerals from C$8.50 to C$9.00 in a research note on Monday, February 25th. TD Securities decreased their target price on shares of Hudbay Minerals from C$11.00 to C$10.50 and set a “buy” rating for the company in a research note on Wednesday, February 20th. BMO Capital Markets restated an “outperform” rating and issued a C$10.00 target price on shares of Hudbay Minerals in a research note on Wednesday, January 9th. Finally, CIBC downgraded shares of Hudbay Minerals from an “outperform” rating to a “neutral” rating and decreased their target price for the company from C$9.00 to C$8.00 in a research note on Monday, January 21st. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of C$10.58.

Shares of HBM stock opened at C$9.14 on Monday. The firm has a market capitalization of $2.32 billion and a PE ratio of 27.95. The company has a quick ratio of 1.94, a current ratio of 2.36 and a debt-to-equity ratio of 48.43. Hudbay Minerals has a twelve month low of C$4.51 and a twelve month high of C$10.40.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its earnings results on Tuesday, February 19th. The mining company reported C$0.07 earnings per share for the quarter, beating the consensus estimate of C($0.01) by C$0.08. The firm had revenue of C$464.96 million during the quarter, compared to analysts’ expectations of C$428.92 million. On average, research analysts predict that Hudbay Minerals will post 0.469999985693349 EPS for the current year.

Hudbay Minerals Company Profile

Hudbay Minerals Inc, an integrated 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; and zinc metal. The company owns four polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru; and a copper project in Arizona, the United States.

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Analyst Recommendations for Hudbay Minerals (TSE:HBM)

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