Hudbay Minerals Inc. (TSE:HBM) Receives Consensus Rating of “Buy” from Brokerages

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have been assigned a consensus recommendation of “Buy” from the ten research firms that are currently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$16.83.

A number of equities analysts have recently issued reports on the company. Raymond James Financial raised their price target on Hudbay Minerals from C$17.00 to C$18.50 in a research note on Thursday. Stifel Nicolaus raised their price target on Hudbay Minerals from C$17.00 to C$20.00 and gave the stock a “buy” rating in a research note on Thursday, August 14th. Royal Bank Of Canada raised their price target on Hudbay Minerals from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 4th. Desjardins raised their price target on Hudbay Minerals from C$16.00 to C$17.00 and gave the stock a “buy” rating in a research note on Thursday, May 22nd. Finally, Scotiabank raised their price target on Hudbay Minerals from C$14.00 to C$15.50 in a research note on Monday, June 16th.

Insiders Place Their Bets

In related news, Director Gregory Paul Dryden sold 30,000 shares of the firm’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of C$13.21, for a total value of C$396,204.00. Also, Senior Officer Mark Zachary Gupta sold 2,874 shares of the firm’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of C$13.25, for a total value of C$38,080.50. 0.07% of the stock is currently owned by company insiders.

Hudbay Minerals Stock Performance

HBM stock opened at C$16.28 on Monday. The company has a market cap of C$4.52 billion, a P/E ratio of 45.84, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83. Hudbay Minerals has a 1 year low of C$8.49 and a 1 year high of C$16.69. The company has a debt-to-equity ratio of 46.39, a current ratio of 1.86 and a quick ratio of 0.85. The stock’s fifty day moving average price is C$13.99 and its 200-day moving average price is C$12.14.

Hudbay Minerals Dividend Announcement

The business also recently announced a half year 25 dividend, which will be paid on Friday, September 19th. Investors of record on Tuesday, September 2nd will be issued a $0.01 dividend. Hudbay Minerals’s dividend payout ratio is currently 5.63%.

About Hudbay Minerals

Hudbay Minerals Inc is a Canadian mining company with its operations, property developments, and exploration activities across the United States. The major mines that Hudbay operates are located in Manitoba, Canada, Arizona, United States; and Peru. The company is principally focused on the discovery, production, and marketing of base and precious metals.