National Bankshares Issues Positive Forecast for Hudbay Minerals (TSE:HBM) Stock Price

Key Points

• National Bankshares raised its price target for Hudbay Minerals (TSE: HBM) from C$22.00 to C$25.00, indicating a potential upside of 5.00% from the current stock price.
• Several analysts have issued positive ratings on Hudbay Minerals, with three analysts rating it a Strong Buy and eight giving it a Buy rating.
• Hudbay Minerals' stock recently traded up C$1.76, reaching C$23.81, significantly higher than its 52-week low of C$8.49.

Hudbay Minerals (TSE:HBM - Get Free Report) NYSE: HBM had its price target hoisted by research analysts at National Bankshares from C$22.00 to C$25.00 in a note issued to investors on Wednesday,BayStreet.CA reports. National Bankshares' price objective points to a potential upside of 5.00% from the stock's current price.

HBM has been the subject of several other research reports. Veritas upgraded shares of Hudbay Minerals to a "strong-buy" rating in a research report on Monday, July 7th. Bank of America boosted their price objective on shares of Hudbay Minerals from C$16.00 to C$18.00 in a research report on Friday, August 29th. Stifel Nicolaus boosted their price objective on shares of Hudbay Minerals from C$17.00 to C$20.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Scotiabank boosted their price objective on shares of Hudbay Minerals from C$14.00 to C$15.50 in a research report on Monday, June 16th. Finally, Royal Bank Of Canada boosted their price objective on shares of Hudbay Minerals from C$19.00 to C$20.00 in a research report on Wednesday, September 10th. Three 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, Hudbay Minerals has an average rating of "Buy" and an average target price of C$18.00.

Hudbay Minerals Price Performance

Shares of TSE:HBM traded up C$1.76 during trading on Wednesday, reaching C$23.81. The stock had a trading volume of 2,076,966 shares, compared to its average volume of 1,765,880. Hudbay Minerals has a 52 week low of C$8.49 and a 52 week high of C$24.03. The business's 50-day moving average price is C$17.06 and its 200 day moving average price is C$13.79. The company has a debt-to-equity ratio of 46.39, a current ratio of 1.86 and a quick ratio of 0.85. The stock has a market capitalization of C$9.42 billion, a PE ratio of 32.62, a P/E/G ratio of 3.97 and a beta of 2.21.

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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