Hudbay Minerals (TSE:HBM) Price Target Cut to C$16.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target decreased by equities research analysts at Royal Bank of Canada from C$18.00 to C$16.00 in a research note issued on Tuesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the mining company’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 74.86% from the stock’s current price.

HBM has been the topic of several other research reports. Cormark lifted their target price on shares of Hudbay Minerals from C$13.50 to C$15.00 and gave the stock a “buy” rating in a research note on Monday, May 27th. Scotiabank lowered their price target on shares of Hudbay Minerals from C$17.00 to C$14.50 in a research report on Monday, August 19th. CIBC increased their price objective on shares of Hudbay Minerals from C$14.50 to C$15.50 and gave the company an “outperform” rating in a report on Thursday, June 20th. Eight Capital raised their target price on shares of Hudbay Minerals from C$14.50 to C$18.00 in a research note on Thursday, July 11th. Finally, National Bankshares dropped their price target on Hudbay Minerals from C$17.00 to C$15.50 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. Twelve analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Hudbay Minerals currently has a consensus rating of “Buy” and a consensus price target of C$15.34.

Hudbay Minerals Price Performance

TSE:HBM traded down C$0.07 during trading hours on Tuesday, hitting C$9.15. 879,586 shares of the stock were exchanged, compared to its average volume of 1,550,092. The firm’s fifty day moving average price is C$11.07 and its 200 day moving average price is C$11.03. Hudbay Minerals has a 52-week low of C$5.46 and a 52-week high of C$14.33. The company has a market cap of C$3.60 billion, a P/E ratio of 24.70, a P/E/G ratio of 3.97 and a beta of 1.82. The company has a current ratio of 1.87, a quick ratio of 0.85 and a debt-to-equity ratio of 49.37.

Hudbay Minerals Company Profile

Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.