Hudbay Minerals Inc. (TSE:HBM) Receives Consensus Rating of “Moderate Buy” from Brokerages

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) has been given a consensus recommendation of “Moderate Buy” by the twelve analysts that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$11.06.

Several research analysts have recently commented on HBM shares. Eight Capital raised their target price on shares of Hudbay Minerals from C$12.00 to C$14.50 and gave the stock a “buy” rating in a report on Monday, April 22nd. Stifel Nicolaus set a C$11.25 target price on Hudbay Minerals and gave the stock a “buy” rating in a research note on Tuesday, March 26th. Scotiabank upped their target price on Hudbay Minerals from C$10.50 to C$11.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 6th. Bank of America upped their target price on Hudbay Minerals from C$8.50 to C$12.25 in a research note on Tuesday, April 9th. Finally, Raymond James upped their target price on Hudbay Minerals from C$11.50 to C$14.00 in a research note on Wednesday, April 24th.

Insider Buying and Selling

In related news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$9.45, for a total value of C$46,446.75. In other news, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of C$6.01, for a total transaction of C$117,188.99. Also, Senior Officer Mark Zachary Gupta sold 4,915 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$9.45, for a total transaction of C$46,446.75. 0.08% of the stock is currently owned by insiders.

Hudbay Minerals Trading Down 1.1 %

Shares of HBM stock opened at C$11.46 on Friday. Hudbay Minerals has a 12-month low of C$5.46 and a 12-month high of C$12.06. The firm has a 50 day moving average price of C$9.49 and a two-hundred day moving average price of C$7.72. The company has a quick ratio of 0.85, a current ratio of 1.25 and a debt-to-equity ratio of 62.93. The company has a market capitalization of C$4.02 billion, a PE ratio of 39.52, a price-to-earnings-growth ratio of 3.97 and a beta of 2.02.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released its quarterly earnings results on Friday, February 23rd. The mining company reported C$0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.15 by C$0.12. The business had revenue of C$819.90 million during the quarter, compared to the consensus estimate of C$710.46 million. Hudbay Minerals had a return on equity of 3.68% and a net margin of 3.93%. As a group, analysts predict that Hudbay Minerals will post 0.6911942 earnings per share for the current year.

Hudbay Minerals Dividend Announcement

The firm also recently disclosed a 1 dividend, which was paid on Tuesday, March 5th. Investors of record on Friday, March 22nd were paid a $0.02 dividend. The ex-dividend date was Friday, March 22nd. This represents a dividend yield of 0.13%. Hudbay Minerals’s dividend payout ratio is 6.90%.

About Hudbay Minerals

Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.