Hudbay Minerals (TSE:HBM) Receives Sector Perform Rating from Royal Bank of Canada

Royal Bank of Canada restated their sector perform rating on shares of Hudbay Minerals (TSE:HBM) (NYSE:HBM) in a report released on Friday morning, BayStreet.CA reports.

Several other research analysts also recently commented on HBM. Raymond James set a C$10.00 target price on shares of Hudbay Minerals and gave the stock a market perform rating in a research note on Friday. Cormark lifted their target price on shares of Hudbay Minerals from C$8.00 to C$10.00 in a research note on Thursday, November 26th. Credit Suisse Group lifted their target price on shares of Hudbay Minerals from C$10.00 to C$11.00 in a research note on Tuesday, January 12th. TD Securities lifted their target price on shares of Hudbay Minerals from C$11.00 to C$12.50 and gave the stock a buy rating in a research note on Friday. Finally, Canaccord Genuity lifted their target price on shares of Hudbay Minerals from C$7.50 to C$12.00 and gave the stock an outperform rating in a research note on Friday, January 8th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of C$10.71.

Shares of HBM opened at C$10.21 on Friday. The firm has a market cap of C$2.67 billion and a price-to-earnings ratio of -18.46. The company has a debt-to-equity ratio of 70.55, a quick ratio of 2.03 and a current ratio of 2.57. Hudbay Minerals has a fifty-two week low of C$1.66 and a fifty-two week high of C$10.45. The firm has a 50 day moving average price of C$8.47 and a 200-day moving average price of C$7.11.

The firm also recently announced a Semi-Annual dividend, which will be paid on Friday, March 26th. Stockholders of record on Tuesday, March 9th will be issued a dividend of $0.01 per share. The ex-dividend date is Monday, March 8th. Hudbay Minerals’s dividend payout ratio (DPR) is presently -2.66%.

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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Analyst Recommendations for Hudbay Minerals (TSE:HBM)

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