Hudbay Minerals (TSE:HBM - Get Free Report) NYSE: HBM had its price objective raised by equities researchers at Stifel Nicolaus from C$20.00 to C$28.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. Stifel Nicolaus' target price would indicate a potential upside of 30.90% from the stock's previous close.
Other equities research analysts have also recently issued research reports about the company. Jefferies Financial Group upped their price objective on Hudbay Minerals from C$25.00 to C$28.00 in a research note on Friday. Raymond James Financial upped their price objective on Hudbay Minerals from C$17.00 to C$18.50 in a research note on Thursday, August 21st. Veritas upgraded Hudbay Minerals to a "strong-buy" rating in a research note on Monday, July 7th. Scotiabank upped their price objective on Hudbay Minerals from C$18.50 to C$25.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 14th. Finally, Bank of America upped their price objective on Hudbay Minerals from C$22.50 to C$26.75 in a research note on Thursday, October 16th. Three analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of C$21.73.
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Hudbay Minerals Stock Down 7.2%
TSE HBM traded down C$1.67 during trading on Tuesday, hitting C$21.39. The stock had a trading volume of 1,269,928 shares, compared to its average volume of 1,800,462. The company has a market capitalization of C$8.46 billion, a PE ratio of 29.30, a P/E/G ratio of 3.97 and a beta of 2.21. The company's 50-day moving average price is C$19.01 and its two-hundred day moving average price is C$14.61. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.85 and a current ratio of 1.86. Hudbay Minerals has a 12 month low of C$8.49 and a 12 month high of C$24.75.
About Hudbay Minerals
(
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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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