Hudbay Minerals Inc. (TSE:HBM – Get Free Report) (NYSE:HBM) has received an average rating of “Buy” from the thirteen research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$39.22.
A number of research firms recently issued reports on HBM. Canadian Imperial Bank of Commerce raised their target price on shares of Hudbay Minerals from C$42.00 to C$46.00 in a research note on Tuesday, April 21st. Royal Bank Of Canada raised their target price on shares of Hudbay Minerals from C$28.00 to C$40.00 in a research note on Thursday, March 12th. Canaccord Genuity Group lowered their target price on shares of Hudbay Minerals from C$41.00 to C$40.00 in a research note on Monday, May 4th. Scotiabank lowered their target price on shares of Hudbay Minerals from C$37.00 to C$35.50 and set an “outperform” rating on the stock in a research note on Monday, February 23rd. Finally, Bank of America raised their target price on shares of Hudbay Minerals from C$37.75 to C$44.50 in a research note on Thursday, February 26th.
Get Our Latest Research Report on Hudbay Minerals
Insider Transactions at Hudbay Minerals
Hudbay Minerals Stock Up 0.3%
Hudbay Minerals stock opened at C$39.11 on Friday. The company has a market capitalization of C$15.53 billion, a P/E ratio of 23.42, a P/E/G ratio of 3.97 and a beta of 2.24. The firm’s fifty day simple moving average is C$35.81 and its 200-day simple moving average is C$32.28. The company has a current ratio of 1.36, a quick ratio of 0.85 and a debt-to-equity ratio of 30.14. Hudbay Minerals has a 1-year low of C$12.35 and a 1-year high of C$44.48.
Hudbay Minerals (TSE:HBM – Get Free Report) (NYSE:HBM) last posted its earnings results on Friday, May 1st. The mining company reported C$0.56 earnings per share (EPS) for the quarter. Hudbay Minerals had a net margin of 27.86% and a return on equity of 20.70%. The business had revenue of C$1.05 billion for the quarter. Sell-side analysts forecast that Hudbay Minerals will post 1.1220575 earnings per share for the current fiscal year.
Hudbay Minerals Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 26th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.1%. The ex-dividend date is Tuesday, June 9th. Hudbay Minerals’s dividend payout ratio (DPR) is currently 0.87%.
Hudbay Minerals Company Profile
Hudbay (TSX, NYSE: HBM) is a copper-focused critical minerals mining company with three long-life operations and a world-class pipeline of copper growth projects in tier-one mining jurisdictions of Canada, Peru and the United States. Hudbay’s operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the Company, which is complemented by meaningful gold production and by-product zinc, silver and molybdenum.
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