Hudbay Minerals (TSE:HBM) Price Target Raised to C$32.50 at Citigroup

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price lifted by Citigroup from C$23.00 to C$32.50 in a research report report published on Wednesday morning,BayStreet.CA reports. Citigroup currently has a buy rating on the mining company’s stock.

Other equities analysts have also issued reports about the company. National Bank Financial lowered 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 report on Thursday, January 29th. Desjardins raised their target price on Hudbay Minerals from C$30.00 to C$36.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Canaccord Genuity Group lifted their target price on Hudbay Minerals from C$35.00 to C$39.00 and gave the company a “buy” rating in a report on Wednesday. Raymond James Financial increased their price target on shares of Hudbay Minerals from C$34.00 to C$36.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Finally, Royal Bank Of Canada raised their price objective on shares of Hudbay Minerals from C$26.00 to C$28.00 in a research report on Wednesday, December 10th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Hudbay Minerals has a consensus rating of “Buy” and an average price target of C$35.05.

Hudbay Minerals Price Performance

HBM opened at C$35.86 on Wednesday. The firm has a 50-day moving average price of C$29.98 and a 200-day moving average price of C$23.12. Hudbay Minerals has a twelve month low of C$8.49 and a twelve month high of C$38.80. 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 company has a market capitalization of C$14.21 billion, a price-to-earnings ratio of 30.91, a PEG ratio of 3.97 and a beta of 2.16.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released its quarterly earnings data on Wednesday, November 12th. The mining company reported C$0.03 EPS for the quarter. Hudbay Minerals had a net margin of 4.23% and a return on equity of 3.74%. The company had revenue of C$0.35 million during the quarter. Equities analysts expect that Hudbay Minerals will post 1.1220575 EPS for the current 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.