Stifel Canada Upgrades Hudbay Minerals (TSE:HBM) to Strong-Buy

Hudbay Minerals (TSE:HBM - Get Free Report) NYSE: HBM was upgraded by investment analysts at Stifel Canada to a "strong-buy" rating in a research report issued to clients and investors on Wednesday,Zacks.com reports. Stifel Canada also issued estimates for Hudbay Minerals' FY2025 earnings at $0.79 EPS, FY2026 earnings at $0.82 EPS, FY2027 earnings at $0.67 EPS, FY2028 earnings at $0.94 EPS and FY2029 earnings at $1.36 EPS.

Several other analysts have also weighed in on HBM. Stifel Nicolaus upped their price objective on Hudbay Minerals from C$16.00 to C$16.50 and gave the company a "buy" rating in a report on Thursday, January 30th. National Bankshares cut their price target on shares of Hudbay Minerals from C$17.00 to C$15.50 and set an "outperform" rating for the company in a report on Thursday, February 20th. Royal Bank of Canada lifted their price objective on shares of Hudbay Minerals from C$15.00 to C$16.00 and gave the stock an "outperform" rating in a research note on Thursday, March 13th. TD Securities cut their target price on shares of Hudbay Minerals from C$15.00 to C$14.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Finally, Scotiabank decreased their price target on shares of Hudbay Minerals from C$15.50 to C$14.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Thirteen research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of C$15.18.

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Hudbay Minerals Price Performance

TSE:HBM traded up C$0.18 during midday trading on Wednesday, hitting C$11.85. 1,498,624 shares of the stock were exchanged, compared to its average volume of 1,878,714. The company has a market capitalization of C$3.29 billion, a price-to-earnings ratio of 33.37, a P/E/G ratio of 3.97 and a beta of 1.83. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 46.39. Hudbay Minerals has a one year low of C$9.08 and a one year high of C$14.33. The business has a 50-day moving average price of C$11.66 and a two-hundred day moving average price of C$11.92.

Insider Activity at Hudbay Minerals

In related news, Director Peter Gerald Jan Kukielski purchased 9,300 shares of Hudbay Minerals stock in a transaction on Friday, February 21st. The stock was bought at an average price of C$10.76 per share, with a total value of C$100,068.00. Also, Senior Officer Francisco Javier Del Rio Del Aguila sold 12,959 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of C$12.00, for a total value of C$155,508.00. 0.07% of the stock is currently owned by insiders.

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.