Citigroup Reiterates “C$23.00” Price Target for Hudbay Minerals (TSE:HBM)

Citigroup set a C$23.00 target price on Hudbay Minerals (TSE:HBM) (NYSE:HBM) in a research note published on Monday, MarketBeat reports. The brokerage currently has a buy rating on the mining company’s stock.

Several other analysts have also weighed in on the company. Scotiabank lowered their target price on Hudbay Minerals from C$26.50 to C$26.00 in a report on Thursday, November 13th. Bank of America boosted their price objective on shares of Hudbay Minerals from C$22.50 to C$26.75 in a research report on Thursday, October 16th. The Goldman Sachs Group upgraded shares of Hudbay Minerals to a “buy” rating in a report on Monday, September 8th. Stifel Nicolaus lifted their target price on shares of Hudbay Minerals from C$20.00 to C$28.00 in a research report on Tuesday, October 21st. Finally, Royal Bank Of Canada upped their price target on shares of Hudbay Minerals from C$26.00 to C$28.00 in a report on Wednesday, December 10th. Three investment analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$24.10.

Hudbay Minerals Trading Up 2.6%

Shares of Hudbay Minerals stock opened at C$26.20 on Monday. The company has a 50-day moving average of C$23.09 and a two-hundred day moving average of C$18.24. Hudbay Minerals has a 12-month low of C$8.49 and a 12-month high of C$26.57. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 46.39. The stock has a market cap of C$10.38 billion, a PE ratio of 22.59, a price-to-earnings-growth ratio of 3.97 and a beta of 2.07.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its quarterly earnings results on Wednesday, November 12th. The mining company reported C$0.03 EPS for the quarter. The business had revenue of C$0.35 million for the quarter. Hudbay Minerals had a return on equity of 3.74% and a net margin of 4.23%. On average, research analysts anticipate that Hudbay Minerals will post 1.1220575 EPS for the current fiscal 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.