Hudbay Minerals (TSE:HBM) Price Target Raised to C$25.00

Key Points

• Scotiabank has raised its price target for Hudbay Minerals from C$18.50 to C$25.00, indicating an estimated 3.65% potential upside from the current stock price.
• The consensus rating for Hudbay Minerals is currently a Buy, with three analysts giving a Strong Buy rating and eight giving a Buy rating.
• Hudbay Minerals' stock recently saw a 3.9% increase, trading at C$24.12 with a market capitalization of C$9.54 billion.

Hudbay Minerals (TSE:HBM - Get Free Report) NYSE: HBM had its target price lifted by Scotiabank from C$18.50 to C$25.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm presently has an "outperform" rating on the mining company's stock. Scotiabank's price objective would indicate a potential upside of 3.65% from the company's current price.

Several other research firms also recently issued reports on HBM. The Goldman Sachs Group upgraded Hudbay Minerals to a "buy" rating in a research note on Monday, September 8th. TD Securities upped their target price on Hudbay Minerals from C$13.00 to C$15.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. Raymond James Financial lifted their price target on shares of Hudbay Minerals from C$17.00 to C$18.50 in a research note on Thursday, August 21st. Veritas raised shares of Hudbay Minerals to a "strong-buy" rating in a report on Monday, July 7th. Finally, Royal Bank Of Canada raised their price objective on shares of Hudbay Minerals from C$19.00 to C$20.00 in a report on Wednesday, September 10th. Three research analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of C$18.95.

Hudbay Minerals Stock Up 3.9%

TSE:HBM traded up C$0.91 during mid-day trading on Tuesday, hitting C$24.12. The company had a trading volume of 1,499,784 shares, compared to its average volume of 1,787,755. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 46.39. Hudbay Minerals has a 1 year low of C$8.49 and a 1 year high of C$24.39. The firm has a market capitalization of C$9.54 billion, a price-to-earnings ratio of 33.04, a PEG ratio of 3.97 and a beta of 2.21. The business has a fifty day simple moving average of C$17.93 and a 200-day simple moving average of C$14.14.

Hudbay Minerals Company Profile

Hudbay Minerals Inc is a Canadian mining company with its operations, property developments, and exploration activities across the United States. The major mines that Hudbay operates are located in Manitoba, Canada, Arizona, United States; and Peru. The company is principally focused on the discovery, production, and marketing of base and precious metals.

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