Hudbay Minerals Inc. Plans Quarterly Dividend of $0.01 (TSE:HBM)

Hudbay Minerals Inc. (TSE:HBMGet Free Report) (NYSE:HBM) announced a quarterly dividend on Tuesday, June 9th, TickerTech Dividends reports. Shareholders of record on Friday, June 26th will be given a dividend of 0.01 per share by the mining company on Friday, June 26th. This represents a c) dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Tuesday, June 9th.

Hudbay Minerals Price Performance

TSE:HBM opened at C$35.72 on Friday. Hudbay Minerals has a 52 week low of C$12.35 and a 52 week high of C$44.48. The company has a quick ratio of 0.85, a current ratio of 1.36 and a debt-to-equity ratio of 30.14. The company has a market capitalization of C$14.19 billion, a P/E ratio of 21.39, a P/E/G ratio of 3.97 and a beta of 2.24. The stock’s fifty day moving average is C$34.04 and its two-hundred day moving average is C$31.16.

Hudbay Minerals (TSE:HBMGet Free Report) (NYSE:HBM) last posted its earnings results on Friday, May 1st. The mining company reported C$0.56 EPS for the quarter. Hudbay Minerals had a return on equity of 20.70% and a net margin of 27.86%.The company had revenue of C$1.05 billion for the quarter. Equities analysts expect that Hudbay Minerals will post 1.1220575 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Canaccord Genuity Group reduced their target price on Hudbay Minerals from C$41.00 to C$40.00 in a research report on Monday, May 4th. Scotiabank reduced their target price on Hudbay Minerals from C$37.00 to C$35.50 and set an “outperform” rating on the stock in a research report on Monday, February 23rd. Bank of America lifted their target price on Hudbay Minerals from C$37.75 to C$44.50 in a research report on Thursday, February 26th. BMO Capital Markets boosted their price objective on Hudbay Minerals from C$33.00 to C$39.00 in a report on Wednesday, April 22nd. Finally, Royal Bank Of Canada boosted their price objective on Hudbay Minerals from C$28.00 to C$40.00 in a report on Thursday, March 12th. Three 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 company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$39.22.

Get Our Latest Stock Analysis on HBM

Hudbay Minerals Company Profile

(Get Free Report)

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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Dividend History for Hudbay Minerals (TSE:HBM)

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