Hudbay Minerals (TSE:HBM - Get Free Report) NYSE: HBM had its target price lifted by National Bankshares from C$15.50 to C$16.75 in a note issued to investors on Tuesday, BayStreet.CA reports. The firm presently has an "outperform" rating on the mining company's stock. National Bankshares' price target points to a potential upside of 35.63% from the company's current price.
A number of other research analysts have also commented on HBM. CIBC upped their price target on Hudbay Minerals from C$14.50 to C$15.50 and gave the stock an "outperform" rating in a report on Thursday, June 20th. Stifel Nicolaus increased their price target on shares of Hudbay Minerals from C$15.00 to C$16.00 and gave the company a "buy" rating in a report on Monday, July 22nd. Eight Capital boosted their price objective on shares of Hudbay Minerals from C$14.50 to C$18.00 in a report on Thursday, July 11th. Royal Bank of Canada reduced their target price on shares of Hudbay Minerals from C$18.00 to C$16.00 and set an "outperform" rating for the company in a research note on Tuesday, September 10th. Finally, Jefferies Financial Group upped their price target on Hudbay Minerals from C$14.00 to C$15.00 in a report on Friday, October 4th. Twelve equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of C$15.54.
Read Our Latest Research Report on HBM
Hudbay Minerals Stock Performance
HBM stock traded down C$0.52 during mid-day trading on Tuesday, reaching C$12.35. 1,302,880 shares of the stock traded hands, compared to its average volume of 1,592,779. The firm has a market capitalization of C$4.86 billion, a PE ratio of 33.38, a P/E/G ratio of 3.97 and a beta of 1.83. The business has a 50-day moving average of C$10.95 and a two-hundred day moving average of C$11.50. Hudbay Minerals has a 52 week low of C$5.46 and a 52 week high of C$14.33. The company has a quick ratio of 0.85, a current ratio of 1.87 and a debt-to-equity ratio of 49.37.
About Hudbay Minerals
(
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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.
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