BMO Capital Markets Boosts Hudbay Minerals (TSE:HBM) Price Target to C$12.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target boosted by equities researchers at BMO Capital Markets from C$11.00 to C$12.00 in a research note issued on Tuesday, BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 20.85% from the stock’s current price.

Several other analysts have also recently weighed in on the company. CSFB set a C$11.00 price target on Hudbay Minerals and gave the stock an “outperform” rating in a report on Friday. Eight Capital lifted their price target on Hudbay Minerals to C$12.50 and gave the stock a “buy” rating in a report on Friday, January 22nd. Credit Suisse Group lifted their price objective on Hudbay Minerals from C$10.00 to C$11.00 in a report on Tuesday, January 12th. Haywood Securities lifted their price objective on Hudbay Minerals from C$11.00 to C$12.00 and gave the company a “na” rating in a report on Monday. Finally, Canaccord Genuity lifted their price objective on Hudbay Minerals from C$7.50 to C$12.00 and gave the company an “outperform” rating in a report on Friday, January 8th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of C$11.44.

Shares of TSE HBM traded down C$0.25 during midday trading on Tuesday, hitting C$9.93. 1,248,781 shares of the company’s stock were exchanged, compared to its average volume of 1,285,349. The firm has a market capitalization of C$2.59 billion and a PE ratio of -17.85. The company’s 50 day moving average price is C$8.54 and its 200 day moving average price is C$7.19. The company has a quick ratio of 2.03, a current ratio of 2.57 and a debt-to-equity ratio of 70.55. Hudbay Minerals has a 12 month low of C$1.66 and a 12 month high of C$10.58.

About Hudbay Minerals

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; molybdenum concentrates; and zinc metals.

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