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Hudbay Minerals (HBM) Receives a Rating Update from a Top Analyst

Tipranks - Wed Mar 4, 7:50AM CST

Stifel Nicolaus analyst Ralph M. Profiti maintained a Buy rating on Hudbay Minerals today and set a price target of C$41.00.

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According to TipRanks, M. Profiti is a top 100 analyst with an average return of 46.8% and a 76.80% success rate. M. Profiti covers the Basic Materials sector, focusing on stocks such as Hudbay Minerals, Ivanhoe Mines, and Alamos Gold.

In addition to Stifel Nicolaus, Hudbay Minerals also received a Buy from Canaccord Genuity’s Dalton Baretto in a report issued today. However, on February 22, TipRanks – Anthropic downgraded Hudbay Minerals (NYSE: HBM) to a Hold.

Based on Hudbay Minerals’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$732.9 million and a net profit of C$129.97 million. In comparison, last year the company earned a revenue of C$584.92 million and had a net profit of C$21.16 million

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