HudBay Minerals Inc (HBM) to Distribute Quarterly Dividend of C$0.01 on December 18th

HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) declared a quarterly dividend on Wednesday, November 11th. Stockholders of record on Tuesday, December 1st will be given a dividend of C$0.01 per share by the mining company on Friday, December 18th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Tuesday, December 1st.

HudBay Minerals has a dividend payout ratio of 3.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect HudBay Minerals to earn $1.65 per share next year, which means the company should continue to be able to cover its $0.02 annual dividend with an expected future payout ratio of 1.2%.

HudBay Minerals Stock Down 1.4%

Shares of HBM opened at $21.62 on Friday. The business’s 50 day moving average is $24.87 and its 200 day moving average is $24.75. The company has a current ratio of 2.24, a quick ratio of 1.93 and a debt-to-equity ratio of 0.17. HudBay Minerals has a 12-month low of $14.34 and a 12-month high of $32.15. The company has a market capitalization of $9.60 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 0.40 and a beta of 1.62.

HudBay Minerals (NYSE:HBM) (TSE:HBM) last released its earnings results on Thursday, November 12th. The mining company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01). HudBay Minerals had a return on equity of 9.47% and a net margin of 27.48%. The company had revenue of $765.90 million during the quarter, compared to analysts’ expectations of $730.19 million. Research analysts expect that HudBay Minerals will post 1.39 earnings per share for the current fiscal year.

HudBay Minerals Company Profile

Hudbay Minerals, now known as Hudbay Inc., is a mining company focused on the discovery, development and operation of copper and other metal deposits. Its products include copper, zinc, gold, silver and molybdenum. The company operates the Constancia mine in Peru and mining and processing assets in Manitoba, Canada, including the Lalor mine. In British Columbia, Hudbay operates the Copper Mountain mine. It also advances copper exploration and development projects in the United States, including projects in Arizona.