Hudbay Minerals (TSE:HBM) PT Raised to C$14.50 at CSFB

Hudbay Minerals (TSE:HBMGet Rating) (NYSE:HBM) had its price objective lifted by stock analysts at CSFB from C$13.00 to C$14.50 in a research note issued on Thursday, BayStreet.CA reports. CSFB’s target price would indicate a potential upside of 75.54% from the company’s previous close.

Several other research analysts have also weighed in on HBM. Canaccord Genuity Group reduced their price objective on shares of Hudbay Minerals from C$13.00 to C$12.00 and set a “buy” rating on the stock in a research note on Monday, January 10th. BMO Capital Markets dropped their target price on shares of Hudbay Minerals from C$16.00 to C$15.00 in a report on Monday, April 18th. Raymond James raised their target price on shares of Hudbay Minerals from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a report on Wednesday. National Bankshares dropped their target price on shares of Hudbay Minerals from C$13.00 to C$12.50 in a report on Tuesday. Finally, Scotiabank raised their target price on shares of Hudbay Minerals from C$12.00 to C$12.50 in a report on Tuesday. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, Hudbay Minerals has a consensus rating of “Buy” and a consensus target price of C$12.93.

Hudbay Minerals stock opened at C$8.26 on Thursday. The company’s 50 day simple moving average is C$9.85 and its 200 day simple moving average is C$9.31. Hudbay Minerals has a fifty-two week low of C$6.70 and a fifty-two week high of C$11.62. The firm has a market capitalization of C$2.16 billion and a price-to-earnings ratio of -7.03. The company has a debt-to-equity ratio of 85.20, a current ratio of 1.29 and a quick ratio of 0.93.

Hudbay Minerals (TSE:HBMGet Rating) (NYSE:HBM) last released its quarterly earnings data on Wednesday, February 23rd. The mining company reported C$0.16 earnings per share for the quarter, hitting the consensus estimate of C$0.16. The firm had revenue of C$536.03 million for the quarter, compared to the consensus estimate of C$551.94 million. As a group, analysts predict that Hudbay Minerals will post 1.47 EPS for the current fiscal year.

About Hudbay Minerals (Get Rating)

Hudbay Minerals Inc, a diversified mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; silver/gold doré; molybdenum concentrates; and zinc metals.

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