Hudbay Minerals (TSE:HBM) Stock Gets Price Target Boost from TD

Key Points

• TD raised Hudbay Minerals’ price target from C$43 to C$44 and maintained a “buy” rating, implying 43.46% upside from the prior close.
• Analyst sentiment remains positive overall, with the stock carrying a consensus “buy” rating and an average target price of C$42.58.
• Hudbay shares fell 9.0% to C$30.67 during Thursday trading, below their 50-day and 200-day moving averages, despite reporting C$0.40 in quarterly EPS and C$896.94 million in revenue.

Hudbay Minerals (TSE:HBM - Get Free Report) NYSE: HBM had its price objective hoisted by analysts at TD from C$43.00 to C$44.00 in a report issued on Thursday, BayStreet reports. The brokerage currently has a "buy" rating on the mining company's stock. TD's target price indicates a potential upside of 43.46% from the company's previous close.

Several other equities research analysts have also recently weighed in on HBM. Canaccord Genuity Group decreased their price objective on shares of Hudbay Minerals from C$40.00 to C$39.50 and set a "buy" rating for the company in a research report on Thursday, July 30th. ATB Cormark Capital Markets boosted their target price on shares of Hudbay Minerals from C$35.00 to C$40.00 and gave the company an "outperform" rating in a report on Friday, October 9th. Royal Bank Of Canada upped their price target on shares of Hudbay Minerals from C$40.00 to C$48.00 in a research report on Wednesday, September 16th. National Bank Financial upped their price target on shares of Hudbay Minerals from C$41.00 to C$42.50 and gave the company a "sector perform" rating in a research report on Monday, October 5th. Finally, Raymond James Financial increased their price target on Hudbay Minerals from C$42.00 to C$43.00 in a report on Wednesday, September 30th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of C$42.58.

Hudbay Minerals Trading Down 9.0%

Shares of Hudbay Minerals stock traded down C$3.04 during midday trading on Thursday, reaching C$30.67. The company had a trading volume of 3,702,610 shares, compared to its average volume of 2,155,290. The stock has a fifty day moving average price of C$37.64 and a 200 day moving average price of C$35.56. The company has a debt-to-equity ratio of 19.04, a current ratio of 2.24 and a quick ratio of 0.85. The firm has a market cap of C$13.62 billion, a PE ratio of 18.84, a P/E/G ratio of 3.97 and a beta of 2.37. Hudbay Minerals has a fifty-two week low of C$20.26 and a fifty-two week high of C$44.48.

Hudbay Minerals (TSE:HBM - Get Free Report) NYSE: HBM last released its quarterly earnings results on Wednesday, July 29th. The mining company reported C$0.40 earnings per share (EPS) for the quarter. The firm had revenue of C$896.94 million during the quarter. Hudbay Minerals had a net margin of 27.22% and a return on equity of 18.41%. On average, equities analysts anticipate that Hudbay Minerals will post 1.12 earnings per share for the current year.

Hudbay Minerals Company Profile

Hudbay TSX, NYSE: HBM is a copper-focused critical minerals mining company with three long-life operations and a world-class pipeline of copper growth projects in tier-one mining jurisdictions of Canada, Peru and the United States. Hudbay's operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the Company, which is complemented by meaningful gold production and by-product zinc, silver and molybdenum.

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