According to Shares Target Advisor, equity research analysts at Credit Suisse Group released a research note on Tuesday in which they confirmed their “buy” recommendation for Hudbay Minerals (TSE: HBM) (NYSE: HBM) shares. The research note was related to Hudbay Minerals (TSE: HBM) (NYSE: HBM). They have set their sights on a price of seven Canadian dollars ($7 CAD) for each share of stock in the mining firm. The target price established by Credit Suisse Group represents a potential value increase of 21.74 percent more than the stock’s current price. There have been several different individuals in the field of equity research who have offered their opinions regarding the company. In a research note distributed on Tuesday, July 19th, National Bankshares lowered their price target for Hudbay Minerals from C$8.50 to C$7.75.
Additionally, they downgraded the company from an “outperform” rating to a “sector perform” one. The Royal Bank of Canada lowered its price target for Hudbay Minerals in research released on Wednesday, August 10th. The analysis was published in full online. According to the research findings, the stock has been assigned the rating of “outperform,” even though the price objective has been reduced from C$12.00 to C$10.00. In a report distributed on Tuesday, July 19th, Barclays lowered their price objective for Hudbay Minerals. The new price target for Hudbay Minerals is C$6.00, down from C$9. Concurrently, the brokerage firm raised the stock from “equal weight” to “overweight” status. In a research report issued on Friday, July 22nd, Cormark decreased its price target on Hudbay Minerals shares to C$8.00 and gave the company a “buy” recommendation in a research report.
In a research note distributed on Tuesday, July 19th, Raymond James lowered their price objective for Hudbay Minerals from C$12.00 to C$8.00. However, they kept their “outperform” rating on the business. Ten separate financial analysts have given the company a buy recommendation, but just two of them recommend shareholders hold on to their shares. Based on information from Bloomberg.com, the consensus for Hudbay Minerals is that it represents a “Moderate Buy,” and the average price goal set for the business is C$9.02 per share. HBM was first traded on Tuesday at CAD 5.75. The price of a share of the company’s stock is now trading at a moving average for the past 50 days of 5.24 Canadian dollars, while the moving average for the past 200 days is 6.99 Canadian dollars. The current ratio is 1.41, the quick ratio is 0.82, and the debt-to-equity ratio is 78.27. The current ratio is 1.41, the quick ratio is 0.82, and the debt-to-equity ratio is 78.27.
The corporation has a price-to-earnings ratio of 9.62, which results in a market value of 1.51 billion Canadian dollars for the business. The price of Hudbay Minerals has reached a high of 11.17 Canadian dollars and a low of 11.17 Canadian dollars in the past year. Hudbay Minerals Inc. is a diversified mining firm that focuses its efforts, through its subsidiaries, on discovering, developing, and selling basic and precious metals across North and South America. These endeavors are carried out on both of these continents. These pursuits are carried out in both of these geographical areas. Copper concentrates, composed of copper, gold, and silver, as well as silver and gold doré, molybdenum concentrates, and zinc metals, are among the products manufactured. Additionally, copper concentrates are manufactured.