Shares of Hudbay Minerals Inc. (TSE:HBM – Get Free Report) (NYSE:HBM) have been given an average rating of “Buy” by the twelve brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$40.56.
A number of research firms recently weighed in on HBM. BMO Capital Markets boosted their target price on Hudbay Minerals from C$33.00 to C$39.00 in a research report on Wednesday, April 22nd. Barclays set a C$41.00 price target on shares of Hudbay Minerals and gave the company an “overweight” rating in a research report on Friday, May 22nd. Jefferies Financial Group decreased their price target on shares of Hudbay Minerals from C$57.00 to C$50.00 in a research note on Monday. Canaccord Genuity Group lowered their price objective on shares of Hudbay Minerals from C$41.00 to C$40.00 in a report on Monday, May 4th. Finally, Scotiabank upped their price objective on shares of Hudbay Minerals from C$35.50 to C$44.00 and gave the company a “sector outperform” rating in a research note on Thursday, June 25th.
Check Out Our Latest Report on HBM
Hudbay Minerals Trading Down 4.6%
Hudbay Minerals (TSE:HBM – Get Free Report) (NYSE:HBM) last posted its quarterly earnings data on Friday, May 1st. The mining company reported C$0.56 earnings per share (EPS) for the quarter. The firm had revenue of C$1.05 billion during the quarter. Hudbay Minerals had a return on equity of 20.70% and a net margin of 27.86%. Research analysts forecast that Hudbay Minerals will post 1.1220575 EPS for the current fiscal year.
Hudbay Minerals Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 26th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Tuesday, June 9th. Hudbay Minerals’s dividend payout ratio (DPR) is presently 0.87%.
About Hudbay Minerals
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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