Stifel Nicolaus Analysts Give Hudbay Minerals (TSE:HBM) a C$10.70 Price Target

Hudbay Minerals (TSE:HBM – Get Rating) (NYSE:HBM) received a C$10.70 price objective from stock analysts at Stifel Nicolaus in a research note issued on Friday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the mining company’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 67.19% from the company’s current price.

HBM has been the subject of a number of other reports. Haywood Securities upped their price target on shares of Hudbay Minerals from C$7.00 to C$10.00 in a report on Thursday, February 2nd. Barclays upped their price objective on shares of Hudbay Minerals from C$7.00 to C$9.00 in a report on Friday, April 21st. Scotiabank upped their price objective on shares of Hudbay Minerals from C$10.00 to C$11.00 in a report on Tuesday, April 18th. BMO Capital Markets decreased their price objective on shares of Hudbay Minerals from C$13.00 to C$11.50 in a report on Tuesday, May 9th. Finally, Bank of America upped their price objective on shares of Hudbay Minerals from C$7.00 to C$8.00 in a report on Wednesday, April 5th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Hudbay Minerals has a consensus rating of “Moderate Buy” and an average target price of C$9.61.

Hudbay Minerals Stock Performance

TSE:HBM opened at C$6.40 on Friday. The company has a fifty day moving average of C$6.74 and a 200 day moving average of C$7.04. Hudbay Minerals has a 52 week low of C$4.07 and a 52 week high of C$8.47. The company has a quick ratio of 0.85, a current ratio of 1.21 and a debt-to-equity ratio of 81.40. The firm has a market capitalization of C$1.68 billion, a P/E ratio of 91.43, a P/E/G ratio of 3.97 and a beta of 1.98.

Hudbay Minerals (TSE:HBM – Get Rating) (NYSE:HBM) last posted its quarterly earnings results on Thursday, February 23rd. The mining company reported C$0.01 EPS for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.02). Hudbay Minerals had a net margin of 0.87% and a return on equity of 0.77%. The firm had revenue of C$436.09 million for the quarter, compared to the consensus estimate of C$493.36 million. On average, research analysts predict that Hudbay Minerals will post 0.9483013 earnings per share for the current year.

About Hudbay Minerals

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Hudbay Minerals Inc, a diversified mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; silver/gold doré; molybdenum concentrates; and zinc metals.