Mining minerals

Hudbay Minerals (TSE:HBM) Price Target Reduced to CA$9.00

Hudbay Minerals (TSE:HBM – Get Rating) (NYSE:HBM) had its target price lowered by CSFB from CA$12.00 to CA$9.00 in a research report released Tuesday to clients and investors, BayStreet.CA reports. CSFB’s target price would indicate a potential upside of 58.17% from the company’s previous close.

Other analysts have also recently published research reports on the company. Credit Suisse Group lowered its price target on Hudbay Minerals to C$9.00 and set an “outperform” rating for the stock in a research report on Tuesday. Scotiabank lowered its target price on Hudbay Minerals from C$12.50 to C$12.00 in a Thursday, May 12 research report. BMO Capital Markets lowered its target price on Hudbay Minerals from C$16.00 to C$15.00 in a Monday, April 18 research report. CIBC lowered its target price on Hudbay Minerals from C$14.00 to C$11.50 in a Wednesday, May 18 research report. Finally, Royal Bank of Canada lowered its price target on Hudbay Minerals from CA$14.00 to CA$12.00 and set an “outperform” rating for the stock in a Thursday, May 12 research report . Ten investment analysts gave the stock a buy rating. According to data from MarketBeat.com, the stock has a consensus buy rating and an average price target of C$11.62.

TSE:HBM traded lower C$0.18 at midday Tuesday, hitting C$5.69. The stock had trading volume of 744,919 shares, compared to an average volume of 1,221,730. Hudbay Minerals has a one-year low of C$5.18 and a one-year high of C$11.17. The company has a market cap of C$1.49 billion and a price-earnings ratio of -9.52. The stock has a 50-day moving average of C$7.27 and a 200-day moving average of C$8.81. The company has a quick ratio of 0.87, a current ratio of 1.35 and a debt ratio of 80.55.

Hudbay Minerals (TSE:HBM – Get Rating) (NYSE:HBM) last reported quarterly earnings data on Monday, May 9. The mining company reported earnings per share (EPS) of C$0.03 for the quarter, missing the consensus estimate of C$0.12 by C$0.09. The company posted revenue of C$479.61 million in the quarter, compared to a consensus estimate of C$511.94 million. On average, sell-side analysts expect Hudbay Minerals to post earnings per share of 1.4400001 for the current fiscal year.

About Hudbay Minerals (Get an evaluation)

Hudbay Minerals Inc, a diversified mining company, together with its subsidiaries, is focused 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; golden silver/gold; molybdenum concentrates; and zinc metals.

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