Hudbay Minerals (TSE:HBM) Price Target Raised to C$15.00 at Scotiabank

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price boosted by investment analysts at Scotiabank from C$14.50 to C$15.00 in a research report issued on Tuesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the mining company’s stock. Scotiabank’s target price points to a potential upside of 21.75% from the stock’s previous close.

A number of other research firms also recently weighed in on HBM. Canaccord Genuity Group decreased their price target on shares of Hudbay Minerals from C$16.00 to C$15.00 in a research report on Monday, July 22nd. Stifel Canada upgraded Hudbay Minerals to a “strong-buy” rating in a research note on Monday, July 22nd. Eight Capital lifted their price objective on shares of Hudbay Minerals from C$14.50 to C$18.00 in a research note on Thursday, July 11th. Jefferies Financial Group lifted their target price on Hudbay Minerals from C$14.00 to C$15.00 in a report on Friday. Finally, Stifel Nicolaus lifted their target price on Hudbay Minerals from C$15.00 to C$16.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Twelve research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$15.45.

Hudbay Minerals Stock Down 4.3 %

Shares of HBM stock traded down C$0.56 during mid-day trading on Tuesday, reaching C$12.32. 1,244,977 shares of the company were exchanged, compared to its average volume of 1,592,632. Hudbay Minerals has a fifty-two week low of C$5.46 and a fifty-two week high of C$14.33. The company has a debt-to-equity ratio of 49.37, a quick ratio of 0.85 and a current ratio of 1.87. The company has a market capitalization of C$4.85 billion, a P/E ratio of 33.30, a P/E/G ratio of 3.97 and a beta of 1.82. The business’s 50 day simple moving average is C$10.76 and its 200 day simple moving average is C$11.36.

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.