Shares of Hudbay Minerals Inc. (TSE:HBM – Get Free Report) (NYSE:HBM) have received a consensus rating of “Buy” from the thirteen analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is C$40.91.
Several equities research analysts have recently commented on HBM shares. Canaccord Genuity Group decreased their price target on Hudbay Minerals from C$40.00 to C$39.50 and set a “buy” rating on the stock in a research note on Thursday, July 30th. ATB Cormark Capital Markets reduced their price objective on Hudbay Minerals from C$35.50 to C$35.00 and set an “outperform” rating for the company in a report on Thursday, July 30th. BMO Capital Markets decreased their target price on Hudbay Minerals from C$46.00 to C$44.00 and set an “outperform” rating on the stock in a research report on Thursday, July 30th. Jefferies Financial Group decreased their target price on Hudbay Minerals from C$57.00 to C$50.00 in a research report on Monday, July 6th. Finally, National Bank Financial lowered their target price on Hudbay Minerals from C$40.00 to C$38.50 and set a “sector perform” rating on the stock in a report on Tuesday, July 14th.
Get Our Latest Research Report on HBM
Hudbay Minerals Stock Up 1.2%
Hudbay Minerals (TSE:HBM – Get Free Report) (NYSE:HBM) last issued its earnings results on Wednesday, July 29th. The mining company reported C$0.40 earnings per share for the quarter. Hudbay Minerals had a net margin of 27.22% and a return on equity of 18.41%. The company had revenue of C$896.94 million for the quarter. Equities research analysts anticipate that Hudbay Minerals will post 1.1220575 EPS for the current fiscal year.
Hudbay Minerals Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 26th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Tuesday, June 9th. Hudbay Minerals’s dividend payout ratio is presently 1.32%.
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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