Hudbay Minerals - HBM Stock Forecast, Price & News

Hudbay Minerals Inc., a diversified mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; silver/gold doré; molybdenum concentrates; and zinc metals. The company owns three polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru; and copper projects in Arizona and Nevada, the United States. HudBay Minerals Inc. was founded in 1927 and is headquartered in Toronto, Canada.

Analysts Set New Price Targets

A number of brokerages have issued reports on HBM. Scotiabank boosted their price target on Hudbay Minerals from C$7.50 to C$8.00 in a report on Wednesday. CSFB reduced their price objective on Hudbay Minerals from C$12.00 to C$9.00 in a report on Tuesday, June 28th. Stifel Nicolaus lowered their target price on Hudbay Minerals from C$16.50 to C$12.00 in a report on Tuesday, July 19th. National Bankshares cut Hudbay Minerals from an "outperform" rating to a "sector perform" rating and reduced their price objective for the company from C$8.50 to C$7.75 in a research report on Tuesday, July 19th. Finally, CIBC decreased their price objective on Hudbay Minerals from C$12.00 to C$10.00 in a report on Wednesday, July 20th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Hudbay Minerals currently has an average rating of "Moderate Buy" and a consensus price target of C$9.65.

Hudbay Minerals Price Performance

HBM opened at C$5.89 on Thursday. The company has a current ratio of 1.35, a quick ratio of 0.87 and a debt-to-equity ratio of 80.55. Hudbay Minerals has a 1 year low of C$4.07 and a 1 year high of C$11.17. The stock has a fifty day moving average price of C$5.44 and a 200 day moving average price of C$7.82. The stock has a market cap of C$1.54 billion and a price-to-earnings ratio of -9.85.

Hudbay Minerals (TSE:HBM - Get Rating) (NYSE:HBM) last issued its quarterly earnings results on Monday, May 9th. The mining company reported C$0.03 EPS for the quarter, missing analysts' consensus estimates of C$0.12 by C($0.09). The firm had revenue of C$479.61 million for the quarter, compared to the consensus estimate of C$511.94 million. Analysts forecast that Hudbay Minerals will post 1.2100001 EPS for the current fiscal year.