Hudbay Minerals (TSE:HBM – Free Report) (NYSE:HBM) had its target price raised by National Bank Financial from C$41.00 to C$42.50 in a research report report published on Monday morning,BayStreet reports. National Bank Financial currently has a sector perform rating on the mining company’s stock.
A number of other equities research analysts also recently weighed in on HBM. Jefferies Financial Group reduced their price target on shares of Hudbay Minerals from C$57.00 to C$50.00 in a research note on Monday, July 6th. Canaccord Genuity Group lowered their price objective on shares of Hudbay Minerals from C$40.00 to C$39.50 and set a “buy” rating for the company in a research report on Thursday, July 30th. Scotiabank lowered their price objective on shares of Hudbay Minerals from C$44.00 to C$43.00 and set a “sector outperform” rating for the company in a research report on Thursday, July 30th. Raymond James Financial raised their target price on shares of Hudbay Minerals from C$42.00 to C$43.00 in a research report on Wednesday, September 30th. Finally, Barclays boosted their target price on shares of Hudbay Minerals from C$41.00 to C$45.00 in a research note on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$42.26.
Check Out Our Latest Stock Analysis on HBM
Hudbay Minerals Price Performance
Hudbay Minerals (TSE:HBM – Get Free Report) (NYSE:HBM) last released its quarterly earnings data on Wednesday, July 29th. The mining company reported C$0.40 earnings per share for the quarter. Hudbay Minerals had a return on equity of 18.41% and a net margin of 27.22%.The business had revenue of C$896.94 million for the quarter. On average, sell-side analysts expect that Hudbay Minerals will post 1.1220575 earnings per share for the current fiscal year.
Hudbay Minerals Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 25th were issued a $0.01 dividend. The ex-dividend date was Tuesday, September 8th. This represents a $0.04 annualized dividend and a yield of 0.1%. 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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