Hudbay Minerals (TSE:HBM) Given New C$37.50 Price Target at ATB Cormark Capital Markets

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price objective raised by equities researchers at ATB Cormark Capital Markets from C$26.00 to C$37.50 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the mining company’s stock. ATB Cormark Capital Markets’ price target would suggest a potential upside of 4.52% from the stock’s current price.

Other analysts also recently issued reports about the company. Jefferies Financial Group upped their target price on Hudbay Minerals from C$31.00 to C$37.00 in a research report on Monday, January 19th. Canadian Imperial Bank of Commerce increased their price objective on shares of Hudbay Minerals from C$35.00 to C$42.00 in a research note on Wednesday, February 4th. Raymond James Financial boosted their target price on shares of Hudbay Minerals from C$34.00 to C$36.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. 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. Finally, UBS Group set a C$34.50 price objective on shares of Hudbay Minerals and gave the company a “buy” rating in a research note on Friday, January 9th. Three analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Hudbay Minerals has a consensus rating of “Buy” and an average target price of C$35.52.

Hudbay Minerals Stock Performance

Shares of TSE HBM traded up C$1.69 during midday trading on Monday, hitting C$35.88. 1,554,714 shares of the company’s stock were exchanged, compared to its average volume of 2,068,852. 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 firm has a market capitalization of C$14.21 billion, a PE ratio of 30.93, a price-to-earnings-growth ratio of 3.97 and a beta of 2.16. Hudbay Minerals has a 12 month low of C$8.49 and a 12 month high of C$38.80. The company’s 50 day moving average price is C$31.35 and its 200 day moving average price is C$24.26.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its quarterly earnings data on Friday, February 20th. The mining company reported C$0.30 earnings per share (EPS) for the quarter. The firm had revenue of C$747.72 million during the quarter. Hudbay Minerals had a net margin of 4.23% and a return on equity of 3.74%. As a group, analysts predict 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.