Royal Bank of Canada restated their sector perform rating on shares of Hudbay Minerals (TSE:HBM) (NYSE:HBM) in a research note published on Tuesday, May 7th, BayStreet.CA reports. They currently have a C$9.00 target price on the mining company’s stock, down from their prior target price of C$10.00.
Other equities analysts have also recently issued reports about the stock. Eight Capital lifted their price objective on shares of Hudbay Minerals from C$10.00 to C$11.00 in a research report on Monday, March 11th. CIBC boosted their price target on shares of Hudbay Minerals from C$8.00 to C$9.50 in a report on Monday, February 25th. CSFB boosted their price target on shares of Hudbay Minerals from C$8.50 to C$9.00 in a report on Monday, February 25th. Raymond James boosted their price target on shares of Hudbay Minerals from C$9.00 to C$10.50 in a report on Monday, April 8th. Finally, Canaccord Genuity boosted their price target on shares of Hudbay Minerals from C$9.00 to C$10.50 in a report on Monday, April 15th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of Hold and an average target price of C$10.47.
TSE HBM traded down C$0.02 on Tuesday, hitting C$6.58. 1,228,179 shares of the stock were exchanged, compared to its average volume of 1,381,738. Hudbay Minerals has a 52-week low of C$4.51 and a 52-week high of C$10.42. The company has a debt-to-equity ratio of 49.18, a quick ratio of 2.09 and a current ratio of 2.64. The stock has a market cap of $1.67 billion and a price-to-earnings ratio of 56.20.
Hudbay Minerals Inc, an integrated 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; and zinc metal. 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.
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