share_log

Hudbay Minerals Inc. (TSE:HBM) Receives Consensus Rating of "Moderate Buy" from Analysts

Defense World ·  Aug 11, 2022 14:21

Hudbay Minerals Inc. (TSE:HBM – Get Rating) (NYSE:HBM) has been assigned a consensus rating of "Moderate Buy" from the seventeen brokerages that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$9.46.

A number of equities analysts recently issued reports on the company. CSFB reduced their target price on Hudbay Minerals from C$12.00 to C$9.00 in a research note on Tuesday, June 28th. Cormark reduced their target price on Hudbay Minerals to C$8.00 and set a "buy" rating for the company in a research note on Friday, July 22nd. CIBC reduced their target price on Hudbay Minerals from C$12.00 to C$10.00 in a research note on Wednesday, July 20th. Haywood Securities reduced their target price on Hudbay Minerals from C$12.00 to C$8.00 and set a "buy" rating for the company in a research note on Friday, July 22nd. Finally, National Bankshares lowered Hudbay Minerals from an "outperform" rating to a "sector perform" rating and reduced their target price for the stock from C$8.50 to C$7.75 in a research note on Tuesday, July 19th.

Get Hudbay Minerals alerts:

Hudbay Minerals Stock Performance

Shares of HBM opened at C$5.89 on Thursday. Hudbay Minerals has a 12 month low of C$4.07 and a 12 month 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 company has a current ratio of 1.35, a quick ratio of 0.87 and a debt-to-equity ratio of 80.55. The firm has a market cap of C$1.54 billion and a PE ratio of -9.85.

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

Hudbay Minerals Company Profile

(Get Rating)

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.

Recommended Stories

  • The 2 Dow Stocks with Decade-Long Win Streaks on the Line
  • Could Rite Aid Be an Acquisition Target, Again?
  • The How And Why of Investing in Oil Stocks
  • The How and Why of Investing in Gold Stocks
  • Workhorse Group Is Ready To Get Back On The Horse

Receive News & Ratings for Hudbay Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudbay Minerals and related companies with MarketBeat.com's FREE daily email newsletter.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment