Hudbay Minerals Inc. (TSE:HBM) Given Consensus Rating of “Buy” by Analysts

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) has been assigned an average rating of “Buy” from the thirteen ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, ten have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$40.91.

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus raised their price target on Hudbay Minerals from C$41.00 to C$43.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Canadian Imperial Bank of Commerce increased their target price on Hudbay Minerals from C$42.00 to C$46.00 in a research note on Tuesday, April 21st. Canaccord Genuity Group decreased their target price on 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. 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. Finally, Scotiabank cut their price target on shares of Hudbay Minerals from C$44.00 to C$43.00 and set a “sector outperform” rating on the stock in a report on Thursday, July 30th.

Hudbay Minerals Stock Performance

Hudbay Minerals stock opened at C$38.43 on Monday. The company has a debt-to-equity ratio of 19.04, a current ratio of 2.24 and a quick ratio of 0.85. Hudbay Minerals has a 1-year low of C$12.83 and a 1-year high of C$44.48. The firm has a market capitalization of C$17.07 billion, a P/E ratio of 23.60, a price-to-earnings-growth ratio of 3.97 and a beta of 2.31. The company’s 50-day moving average is C$34.50 and its 200 day moving average is C$33.59.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its earnings results on Wednesday, July 29th. The mining company reported C$0.40 earnings per share (EPS) for the quarter. The business had revenue of C$896.94 million during the quarter. Hudbay Minerals had a return on equity of 18.41% and a net margin of 27.22%. Research analysts forecast that Hudbay Minerals will post 1.1220575 EPS for the current year.

Hudbay Minerals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 26th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Tuesday, June 9th. Hudbay Minerals’s payout ratio is 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.