Hudbay Minerals (TSE:HBM) Rating Increased to Strong-Buy at UBS Group

Hudbay Minerals (TSE:HBM) (NYSE:HBM) was upgraded by analysts at UBS Group to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Other research analysts also recently issued reports about the stock. National Bankshares lifted their target price on shares of Hudbay Minerals from C$22.00 to C$25.00 in a research report on Wednesday, October 8th. Scotiabank raised their price objective on shares of Hudbay Minerals from C$26.00 to C$31.00 in a research note on Thursday. Stifel Nicolaus lifted their price objective on shares of Hudbay Minerals from C$20.00 to C$28.00 in a research report on Tuesday, October 21st. Citigroup set a C$23.00 target price on shares of Hudbay Minerals and gave the company a “buy” rating in a research note on Monday, December 15th. Finally, BMO Capital Markets raised their target price on Hudbay Minerals from C$23.00 to C$24.00 in a research report on Tuesday, November 18th. Four research 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 stock currently has an average rating of “Buy” and a consensus price target of C$25.29.

Hudbay Minerals Stock Performance

Shares of TSE HBM opened at C$30.00 on Thursday. The stock’s fifty day simple moving average is C$24.80 and its 200 day simple moving average is C$19.94. The stock has a market capitalization of C$11.88 billion, a price-to-earnings ratio of 25.86, a PEG ratio of 3.97 and a beta of 2.05. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39. Hudbay Minerals has a 52-week low of C$8.49 and a 52-week high of C$30.50.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released its quarterly earnings results on Wednesday, November 12th. The mining company reported C$0.03 earnings per share for the quarter. The business had revenue of C$0.35 million during the quarter. Hudbay Minerals had a return on equity of 3.74% and a net margin of 4.23%. As a group, sell-side analysts forecast that Hudbay Minerals will post 1.1220575 earnings per share for the current fiscal year.

Hudbay Minerals Company Profile

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. Hudbay produces copper concentrate, which contains copper, gold, and silver, as well as zinc metal. More than half the company’s revenue is attributable to the copper business.