Hudbay Minerals Inc. (TSE:HBM – Get Rating) (NYSE:HBM) has been assigned a consensus rating of "Moderate Buy" from the seventeen brokerages that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$9.46.

A number of equities analysts recently issued reports on the company. CSFB reduced their target price on Hudbay Minerals from C$12.00 to C$9.00 in a research note on Tuesday, June 28th. Cormark reduced their target price on Hudbay Minerals to C$8.00 and set a "buy" rating for the company in a research note on Friday, July 22nd. CIBC reduced their target price on Hudbay Minerals from C$12.00 to C$10.00 in a research note on Wednesday, July 20th. Haywood Securities reduced their target price on Hudbay Minerals from C$12.00 to C$8.00 and set a "buy" rating for the company in a research note on Friday, July 22nd. Finally, National Bankshares lowered Hudbay Minerals from an "outperform" rating to a "sector perform" rating and reduced their target price for the stock from C$8.50 to C$7.75 in a research note on Tuesday, July 19th.

Hudbay Minerals Stock Performance

Shares of HBM opened at C$5.89 on Thursday. Hudbay Minerals has a 12 month low of C$4.07 and a 12 month high of C$11.17. The stock has a fifty day moving average price of C$5.44 and a 200-day moving average price of C$7.82. The company has a current ratio of 1.35, a quick ratio of 0.87 and a debt-to-equity ratio of 80.55. The firm has a market cap of C$1.54 billion and a PE ratio of -9.85.

Hudbay Minerals Company Profile

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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; silver/gold doré; molybdenum concentrates; and zinc metals.

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