Canaccord Genuity Group Boosts Hudbay Minerals (TSE:HBM) Price Target to C$39.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price raised by Canaccord Genuity Group from C$35.00 to C$39.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the mining company’s stock. Canaccord Genuity Group’s price target points to a potential upside of 9.43% from the stock’s previous close.

Several other research analysts have also issued reports on HBM. UBS Group set a C$34.50 target price on Hudbay Minerals and gave the company a “buy” rating in a research report on Friday, January 9th. Royal Bank Of Canada boosted their price objective on Hudbay Minerals from C$26.00 to C$28.00 in a report on Wednesday, December 10th. Natl Bk Canada lowered Hudbay Minerals from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Bank of America boosted their target price on shares of Hudbay Minerals from C$22.50 to C$26.75 in a research note on Thursday, October 16th. Finally, National Bankshares downgraded shares of Hudbay Minerals from an “outperform” rating to a “sector perform” rating and raised their price target for the stock from C$28.00 to C$40.00 in a research note on Thursday, January 29th. Three analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$35.05.

Hudbay Minerals Trading Up 3.5%

HBM traded up C$1.21 during trading on Wednesday, reaching C$35.64. The company had a trading volume of 1,271,423 shares, compared to its average volume of 1,929,812. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39. The business has a 50 day simple moving average of C$29.75 and a 200-day simple moving average of C$23.03. The stock has a market cap of C$14.12 billion, a P/E ratio of 30.72, a PEG ratio of 3.97 and a beta of 2.16. Hudbay Minerals has a 52 week low of C$8.49 and a 52 week high of C$38.80.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its earnings results on Wednesday, November 12th. The mining company reported C$0.03 earnings per share for the quarter. Hudbay Minerals had a net margin of 4.23% and a return on equity of 3.74%. The business had revenue of C$0.35 million for the quarter. On average, equities 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. 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.