Hudbay Minerals (TSE:HBM) Stock Price Expected to Rise, Haywood Securities Analyst Says

Key Points

• Haywood Securities raised Hudbay Minerals’ price target from C$43.00 to C$45.00, implying 18.67% upside from the previous close.
• Analyst sentiment remains positive, with Hudbay receiving a consensus “Buy” rating and an average price target of C$42.03; recent targets range from C$38.50 to C$45.00.
• Shares recently traded at C$37.92, while the company reported C$0.40 in quarterly EPS and C$896.94 million in revenue. Hudbay operates copper-focused mines in Canada, Peru and the United States.

Hudbay Minerals (TSE:HBM - Get Free Report) NYSE: HBM had its target price increased by analysts at Haywood Securities from C$43.00 to C$45.00 in a research report issued to clients and investors on Wednesday, BayStreet reports. Haywood Securities' target price suggests a potential upside of 18.67% from the stock's previous close.

HBM has been the topic of several other research reports. Raymond James Financial upped their target price on shares of Hudbay Minerals from C$42.00 to C$43.00 in a report on Wednesday. Stifel Nicolaus lifted their target price on shares of Hudbay Minerals from C$41.00 to C$43.00 and gave the company a "buy" rating in a research note on Tuesday, July 21st. Scotiabank decreased their price target on Hudbay Minerals from C$44.00 to C$43.00 and set a "sector outperform" rating on the stock in a research report on Thursday, July 30th. National Bank Financial dropped their price target on Hudbay Minerals from C$40.00 to C$38.50 and set a "sector perform" rating for the company in a report on Tuesday, July 14th. Finally, Barclays boosted their price objective on Hudbay Minerals from C$41.00 to C$45.00 in a research note on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Hudbay Minerals currently has a consensus rating of "Buy" and an average price target of C$42.03.

Hudbay Minerals Price Performance

Shares of HBM stock traded down C$0.43 during trading hours on Wednesday, hitting C$37.92. The company had a trading volume of 1,268,551 shares, compared to its average volume of 2,171,542. Hudbay Minerals has a 12 month low of C$20.26 and a 12 month high of C$44.48. The company has a debt-to-equity ratio of 19.04, a quick ratio of 0.85 and a current ratio of 2.24. The firm's fifty day moving average is C$37.02 and its 200 day moving average is C$34.60. The firm has a market capitalization of C$16.84 billion, a price-to-earnings ratio of 23.29, a PEG ratio of 3.97 and a beta of 2.31.

Hudbay Minerals (TSE:HBM - Get Free Report) NYSE: HBM last posted its earnings results on Wednesday, July 29th. The mining company reported C$0.40 EPS for the quarter. The business had revenue of C$896.94 million during the quarter. Hudbay Minerals had a return on equity of 18.41% and a net margin of 27.22%. On average, sell-side analysts predict that Hudbay Minerals will post 1.1220575 EPS for the current fiscal year.

About Hudbay Minerals

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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