Shares of Hudbay Minerals Inc. (NYSE:HBM – Get Free Report) (TSE:HBM) have earned a consensus recommendation of “Buy” from the ten analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $10.36.
HBM has been the topic of a number of analyst reports. Jefferies Financial Group raised their target price on Hudbay Minerals from $13.00 to $14.00 and gave the company a “hold” rating in a research report on Friday, July 12th. National Bank Financial raised Hudbay Minerals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 14th. StockNews.com upgraded Hudbay Minerals from a “hold” rating to a “buy” rating in a research report on Tuesday, May 21st. Stifel Canada upgraded Hudbay Minerals to a “strong-buy” rating in a research report on Monday, July 22nd. Finally, Bank of America raised shares of Hudbay Minerals from a “neutral” rating to a “buy” rating and set a $9.00 price target for the company in a report on Tuesday, April 9th.
Read Our Latest Analysis on HBM
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Hudbay Minerals Price Performance
Shares of NYSE HBM opened at $8.02 on Tuesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.40 and a quick ratio of 1.00. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of 34.85 and a beta of 1.82. The firm’s 50 day simple moving average is $9.05 and its 200-day simple moving average is $7.61. Hudbay Minerals has a 12 month low of $3.94 and a 12 month high of $10.49.
Hudbay Minerals (NYSE:HBM – Get Free Report) (TSE:HBM) last announced its quarterly earnings results on Tuesday, May 14th. The mining company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.13. The firm had revenue of $524.99 million for the quarter, compared to the consensus estimate of $463.69 million. Hudbay Minerals had a net margin of 4.36% and a return on equity of 6.22%. Analysts expect that Hudbay Minerals will post 0.59 EPS for the current year.
About Hudbay Minerals
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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