Hudbay Minerals (TSE:HBM – Get Rating) (NYSE:HBM) had its target price hoisted by research analysts at Scotiabank from C$7.50 to C$8.00 in a report issued on Wednesday, BayStreet.CA reports. Scotiabank's price target points to a potential upside of 33.11% from the company's current price.
Several other equities research analysts have also weighed in on the company. Credit Suisse Group reduced their target price on Hudbay Minerals to C$9.00 and set an "outperform" rating for the company in a report on Tuesday, June 28th. Barclays upgraded Hudbay Minerals from an "equal weight" rating to an "overweight" rating and cut their price target for the stock from C$9.00 to C$6.00 in a report on Tuesday, July 19th. Haywood Securities cut their price target on Hudbay Minerals from C$12.00 to C$8.00 and set a "buy" rating for the company in a report on Friday, July 22nd. Stifel Nicolaus cut their price target on Hudbay Minerals from C$16.50 to C$12.00 in a report on Tuesday, July 19th. Finally, National Bank Financial lowered Hudbay Minerals from an "outperform" rating to a "sector perform" rating in a report on Monday, July 18th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Hudbay Minerals currently has an average rating of "Moderate Buy" and an average price target of C$9.65.
Get Hudbay Minerals alerts:Hudbay Minerals Trading Up 2.0 %
Shares of TSE HBM opened at C$6.01 on Wednesday. The stock has a market cap of C$1.57 billion and a price-to-earnings ratio of -10.05. The business has a 50 day simple moving average of C$5.41 and a 200 day simple moving average of C$7.80. Hudbay Minerals has a 52 week low of C$4.07 and a 52 week high of C$11.17. The company has a debt-to-equity ratio of 80.55, a quick ratio of 0.87 and a current ratio of 1.35.
Hudbay Minerals (TSE:HBM – Get Rating) (NYSE:HBM) last posted its earnings results on Monday, May 9th. The mining company reported C$0.03 earnings per share for the quarter, missing the consensus estimate of C$0.12 by C($0.09). The company had revenue of C$479.61 million during the quarter, compared to analysts' expectations of C$511.94 million. On average, research analysts predict that Hudbay Minerals will post 1.2100001 earnings per share for the current fiscal year.Hudbay Minerals Company Profile
(Get Rating)
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.
See Also
- Look at Honeywell for a Steady and Diversified Stock
- Why Invest in High-Yield Dividend Stocks?
- Find and Profitably Trade Stocks at 52-Week Lows
- Disney (NYSE: DIS) Shares Just Gave Investors A Massive Signal
- Solar Stocks Shine Brightly After Passage Of Clean Energy Bill
Receive News & Ratings for Hudbay Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudbay Minerals and related companies with MarketBeat.com's FREE daily email newsletter.