Hudbay Minerals (TSE:HBM) Given a C$40.00 Price Target by Desjardins Analysts

Hudbay Minerals (TSE:HBM) (NYSE:HBM) received a C$40.00 price objective from equities research analysts at Desjardins in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the mining company’s stock. Desjardins’ price target would indicate a potential upside of 28.58% from the company’s current price.

HBM has been the subject of a number of other reports. Royal Bank Of Canada lifted their price objective on Hudbay Minerals from C$26.00 to C$28.00 in a report on Wednesday, December 10th. UBS Group set a C$34.50 target price on shares of Hudbay Minerals and gave the stock a “buy” rating in a research report on Friday, January 9th. Canadian Imperial Bank of Commerce boosted their price target on shares of Hudbay Minerals from C$35.00 to C$42.00 in a research report on Wednesday, February 4th. ATB Cormark Capital Markets upped their price objective on shares of Hudbay Minerals from C$26.00 to C$37.50 and gave the stock an “outperform” rating in a research note on Monday, February 23rd. Finally, TD Securities lifted their target price on shares of Hudbay Minerals from C$17.00 to C$43.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Three research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$37.10.

Hudbay Minerals Price Performance

HBM traded down C$2.72 during midday trading on Thursday, reaching C$31.11. 1,880,509 shares of the company’s stock were exchanged, compared to its average volume of 2,135,418. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 33.86. The business has a 50-day simple moving average of C$32.98 and a two-hundred day simple moving average of C$25.45. The firm has a market capitalization of C$12.35 billion, a price-to-earnings ratio of 21.60, a price-to-earnings-growth ratio of 3.97 and a beta of 2.16. Hudbay Minerals has a one year low of C$8.49 and a one year high of C$38.94.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released its quarterly earnings data on Friday, February 20th. The mining company reported C$0.30 earnings per share for the quarter. The company had revenue of C$747.72 million for the quarter. Hudbay Minerals had a return on equity of 19.30% and a net margin of 25.80%. As a group, research analysts predict that Hudbay Minerals will post 1.1220575 EPS for the current year.

About Hudbay Minerals

Hudbay (TSX, NYSE: HBM) is a copper-focused critical minerals mining company with three long-life operations and a world-class pipeline of copper growth projects in tier-one mining jurisdictions of Canada, Peru and the United States. Hudbay’s operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the Company, which is complemented by meaningful gold production and by-product zinc, silver and molybdenum.