Hudbay Minerals (TSE:HBM) Sets New 12-Month High at $9.63

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as C$9.63 and last traded at C$9.52, with a volume of 1226328 shares. The stock had previously closed at C$9.38.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on HBM shares. TD Securities boosted their target price on shares of Hudbay Minerals from C$10.00 to C$10.50 and gave the company a “buy” rating in a report on Friday, December 8th. Scotiabank upped their target price on Hudbay Minerals from C$10.50 to C$11.00 and gave the company an “outperform” rating in a research report on Tuesday, February 6th. BMO Capital Markets lowered their target price on Hudbay Minerals from C$9.50 to C$8.50 and set an “outperform” rating for the company in a report on Friday, December 22nd. Raymond James boosted their price target on Hudbay Minerals from C$9.00 to C$10.50 in a research note on Wednesday, March 20th. Finally, Stifel Nicolaus set a C$11.25 price objective on shares of Hudbay Minerals and gave the company a “buy” rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$9.64.

Hudbay Minerals Stock Up 1.1 %

The company has a market capitalization of C$3.32 billion, a P/E ratio of 31.73, a PEG ratio of 3.97 and a beta of 1.96. The company has a debt-to-equity ratio of 62.93, a quick ratio of 0.85 and a current ratio of 1.25. The stock has a 50 day moving average price of C$7.95 and a 200 day moving average price of C$7.02.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released its earnings results on Friday, February 23rd. The mining company reported C$0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.15 by C$0.12. Hudbay Minerals had a return on equity of 3.68% and a net margin of 3.93%. The business had revenue of C$819.90 million during the quarter, compared to the consensus estimate of C$710.46 million. Equities research analysts forecast that Hudbay Minerals Inc. will post 0.5546318 earnings per share for the current fiscal year.

Hudbay Minerals Announces Dividend

The company also recently announced a 1 dividend, which was paid on Tuesday, March 5th. Investors of record on Friday, March 22nd were issued a dividend of $0.02 per share. This represents a yield of 0.13%. The ex-dividend date was Friday, March 22nd. Hudbay Minerals’s dividend payout ratio (DPR) is presently 6.67%.

Insider Activity at Hudbay Minerals

In other Hudbay Minerals news, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of C$6.01, for a total value of C$117,188.99. In other Hudbay Minerals news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of C$9.45, for a total value of C$46,446.75. Also, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of Hudbay Minerals stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of C$6.01, for a total value of C$117,188.99. 0.07% of the stock is owned by corporate insiders.

About Hudbay Minerals

Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.