Hudbay Minerals (TSE:HBM) Stock Price Expected to Rise, National Bank Financial Analyst Says

Key Points

• National Bank Financial raised Hudbay Minerals’ price target to C$42.50 from C$41.00 while maintaining a “sector perform” rating, implying 8.64% upside from the prior close.
• Analyst sentiment remains broadly positive: Hudbay has an average “Buy” rating and a consensus target of C$42.26, with recent targets ranging from C$43.00 to C$48.00.
• Shares rose 0.9% to C$39.12, while the company reported C$0.40 quarterly EPS, C$896.94 million in revenue, a 27.22% net margin, and an 18.41% return on equity.

Hudbay Minerals (TSE:HBM - Get Free Report) NYSE: HBM had its target price hoisted by equities researchers at National Bank Financial from C$41.00 to C$42.50 in a report released on Monday, BayStreet reports. The brokerage presently has a "sector perform" rating on the mining company's stock. National Bank Financial's price target suggests a potential upside of 8.64% from the company's previous close.

A number of other research analysts have also recently commented on the company. Royal Bank Of Canada raised their target price on Hudbay Minerals from C$40.00 to C$48.00 in a research note on Wednesday, September 16th. Barclays raised their price objective on Hudbay Minerals from C$41.00 to C$45.00 in a research report on Thursday, July 16th. Raymond James Financial boosted their target price on shares of Hudbay Minerals from C$42.00 to C$43.00 in a report on Wednesday, September 30th. BMO Capital Markets reduced their target price on shares of Hudbay Minerals from C$46.00 to C$44.00 and set an "outperform" rating on the stock in a research report on Thursday, July 30th. Finally, Haywood Securities increased their price target on shares of Hudbay Minerals from C$43.00 to C$45.00 in a research note on Wednesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of C$42.26.

Hudbay Minerals Trading Up 0.9%

Shares of TSE HBM traded up C$0.34 during midday trading on Monday, hitting C$39.12. 822,181 shares of the company traded hands, compared to its average volume of 2,161,026. Hudbay Minerals has a 12-month low of C$20.26 and a 12-month high of C$44.48. The firm has a market cap of C$17.37 billion, a P/E ratio of 24.03, a P/E/G ratio of 3.97 and a beta of 2.31. The stock has a 50-day moving average price of C$37.38 and a 200 day moving average price of C$34.79. The company has a debt-to-equity ratio of 19.04, a quick ratio of 0.85 and a current ratio of 2.24.

Hudbay Minerals (TSE:HBM - Get Free Report) NYSE: HBM last issued its quarterly earnings data on Wednesday, July 29th. The mining company reported C$0.40 EPS for the quarter. Hudbay Minerals had a net margin of 27.22% and a return on equity of 18.41%. The business had revenue of C$896.94 million during the quarter. As a group, analysts expect that Hudbay Minerals will post 1.1220575 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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