Hudbay Minerals Inc. (TSE:HBM) Receives Average Rating of “Buy” from Analysts

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) has received a consensus recommendation of “Buy” from the fourteen brokerages that are covering the firm, Marketbeat reports. Twelve equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$15.54.

HBM has been the topic of several research reports. Royal Bank of Canada decreased their target price on Hudbay Minerals from C$18.00 to C$16.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 10th. Jefferies Financial Group lifted their target price on shares of Hudbay Minerals from C$14.00 to C$15.00 in a research note on Friday, October 4th. Scotiabank increased their target price on shares of Hudbay Minerals from C$14.50 to C$15.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Finally, National Bankshares boosted their price target on shares of Hudbay Minerals from C$15.50 to C$16.75 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th.

Hudbay Minerals Stock Down 1.6 %

Shares of HBM opened at C$12.50 on Friday. The company has a current ratio of 1.87, a quick ratio of 0.85 and a debt-to-equity ratio of 49.37. The firm has a market cap of C$4.92 billion, a P/E ratio of 33.78, a PEG ratio of 3.97 and a beta of 1.83. The stock’s 50 day moving average is C$12.65 and its two-hundred day moving average is C$11.94. Hudbay Minerals has a 12 month low of C$6.35 and a 12 month high of C$14.33.

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.