Hudbay Minerals (TSE:HBM) PT Raised to C$15.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price objective boosted by stock analysts at Jefferies Financial Group from C$14.00 to C$15.00 in a note issued to investors on Friday, BayStreet.CA reports.

A number of other equities research analysts have also issued reports on HBM. Stifel Nicolaus raised their price target on shares of Hudbay Minerals from C$15.00 to C$16.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. National Bankshares cut their price target on shares of Hudbay Minerals from C$17.00 to C$15.50 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. Scotiabank cut their price target on shares of Hudbay Minerals from C$17.00 to C$14.50 in a report on Monday, August 19th. CIBC raised their price target on shares of Hudbay Minerals from C$14.50 to C$15.50 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Finally, Canaccord Genuity Group cut their price target on shares of Hudbay Minerals from C$16.00 to C$15.00 in a report on Monday, July 22nd. Twelve research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$15.41.

Hudbay Minerals Stock Performance

The company has a debt-to-equity ratio of 49.37, a quick ratio of 0.85 and a current ratio of 1.87. Hudbay Minerals has a twelve month low of C$5.46 and a twelve month high of C$14.33. The firm’s 50 day simple moving average is C$10.72 and its two-hundred day simple moving average is C$11.35. The company has a market cap of C$5.02 billion, a price-to-earnings ratio of 34.49, a P/E/G ratio of 3.97 and a beta of 1.82.

Hudbay Minerals Company Profile

Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.