Hudbay Minerals (TSE:HBM) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target lifted by equities researchers at Raymond James Financial from C$41.00 to C$42.00 in a research note issued on Friday, BayStreet reports. The firm currently has an “outperform” rating on the mining company’s stock. Raymond James Financial’s price target indicates a potential upside of 9.83% from the company’s previous close.

Several other research firms also recently weighed in on HBM. Stifel Nicolaus upped their price objective on shares of Hudbay Minerals from C$41.00 to C$43.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. ATB Cormark Capital Markets reduced their price objective on shares of Hudbay Minerals from C$35.50 to C$35.00 and set an “outperform” rating for the company in a report on Thursday, July 30th. BMO Capital Markets lowered their target price on shares of Hudbay Minerals from C$46.00 to C$44.00 and set an “outperform” rating on the stock in a report on Thursday, July 30th. National Bank Financial dropped their price target on shares of Hudbay Minerals from C$40.00 to C$38.50 and set a “sector perform” rating on the stock in a research report on Tuesday, July 14th. Finally, Jefferies Financial Group cut their price target on Hudbay Minerals from C$57.00 to C$50.00 in a research note on Monday, July 6th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$41.28.

Hudbay Minerals Stock Up 0.1%

Shares of HBM traded up C$0.03 during trading hours on Friday, hitting C$38.24. The stock had a trading volume of 369,642 shares, compared to its average volume of 2,176,685. The firm has a 50 day simple moving average of C$34.79 and a 200-day simple moving average of C$34.21. Hudbay Minerals has a 1-year low of C$17.33 and a 1-year high of C$44.48. The company has a debt-to-equity ratio of 19.04, a current ratio of 2.24 and a quick ratio of 0.85. The firm has a market capitalization of C$16.98 billion, a P/E ratio of 23.49, a price-to-earnings-growth ratio of 3.97 and a beta of 2.31.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released its quarterly earnings data on Wednesday, July 29th. The mining company reported C$0.40 EPS for the quarter. Hudbay Minerals had a return on equity of 18.41% and a net margin of 27.22%.The firm had revenue of C$896.94 million during the quarter. Sell-side analysts predict that Hudbay Minerals will post 1.1220575 EPS for the current fiscal 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.