Hudbay Minerals (TSE:HBM) Given a C$23.00 Price Target by Citigroup Analysts

by · The Cerbat Gem

Hudbay Minerals (TSE:HBM – Get Free Report) (NYSE:HBM) has been assigned a C$23.00 price target by investment analysts at Citigroup in a research note issued on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the mining company’s stock. Citigroup’s price objective would indicate a potential downside of 12.35% from the stock’s current price.

Several other analysts have also weighed in on HBM. National Bankshares raised their price objective on Hudbay Minerals from C$22.00 to C$25.00 in a research note on Wednesday, October 8th. Royal Bank Of Canada lifted their price target on shares of Hudbay Minerals from C$26.00 to C$28.00 in a report on Wednesday, December 10th. Raymond James Financial increased their price objective on shares of Hudbay Minerals from C$17.00 to C$18.50 in a research note on Thursday, August 21st. The Goldman Sachs Group raised shares of Hudbay Minerals to a “buy” rating in a research note on Monday, September 8th. Finally, Jefferies Financial Group increased their price target on Hudbay Minerals from C$27.00 to C$31.00 in a research note on Monday, December 8th. Three analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. According to MarketBeat.com, Hudbay Minerals presently has an average rating of “Buy” and an average price target of C$24.10.

Check Out Our Latest Report on Hudbay Minerals

Hudbay Minerals Price Performance

Shares of TSE HBM traded up C$0.53 during trading hours on Monday, hitting C$26.24. 938,126 shares of the stock were exchanged, compared to its average volume of 1,758,434. The company’s fifty day simple moving average is C$22.89 and its two-hundred day simple moving average is C$18.00. The company has a market cap of C$10.39 billion, a PE ratio of 22.62, a price-to-earnings-growth ratio of 3.97 and a beta of 2.07. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.85 and a current ratio of 1.86. Hudbay Minerals has a 1-year low of C$8.49 and a 1-year high of C$26.57.

Hudbay Minerals (TSE:HBM – Get Free Report) (NYSE:HBM) last released its earnings results on Wednesday, November 12th. The mining company reported C$0.03 earnings per share for the quarter. The firm had revenue of C$0.35 million during the quarter. Hudbay Minerals had a return on equity of 3.74% and a net margin of 4.23%. On average, sell-side analysts predict that Hudbay Minerals will post 1.1220575 EPS for the current year.

Hudbay Minerals Company Profile

(Get Free Report)

Hudbay Minerals Inc is a Canadian mining company with its operations, property developments, and exploration activities across the United States. The major mines that Hudbay operates are located in Manitoba, Canada, Arizona, United States; and Peru. The company is principally focused on the discovery, production, and marketing of base and precious metals.

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