Hudbay Minerals (TSE:HBM) PT Raised to C$16.75

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price objective hoisted by equities researchers at National Bankshares from C$15.50 to C$16.75 in a note issued to investors on Tuesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the mining company’s stock. National Bankshares’ price objective suggests a potential upside of 32.41% from the company’s previous close.

A number of other research firms also recently commented on HBM. Canaccord Genuity Group cut their target price on shares of Hudbay Minerals from C$16.00 to C$15.00 in a research report on Monday, July 22nd. Scotiabank lifted their price objective on shares of Hudbay Minerals from C$14.50 to C$15.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Jefferies Financial Group upped their target price on Hudbay Minerals from C$14.00 to C$15.00 in a report on Friday, October 4th. Stifel Nicolaus increased their target price on Hudbay Minerals from C$15.00 to C$16.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Finally, Eight Capital boosted their price target on Hudbay Minerals from C$14.50 to C$18.00 in a research report on Thursday, July 11th. Twelve investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$15.54.

Hudbay Minerals Price Performance

HBM opened at C$12.65 on Tuesday. The company has a market capitalization of C$4.98 billion, a price-to-earnings ratio of 34.19, a PEG ratio of 3.97 and a beta of 1.83. The company has a current ratio of 1.87, a quick ratio of 0.85 and a debt-to-equity ratio of 49.37. Hudbay Minerals has a 12-month low of C$5.46 and a 12-month high of C$14.33. The business’s fifty day simple moving average is C$11.00 and its 200-day simple moving average is C$11.52.

Hudbay Minerals Company Profile

Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.