Hudbay Minerals Inc. (TSE:HBM) Receives C$40.91 Average Price Target from Analysts

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) has been assigned an average recommendation of “Buy” from the thirteen analysts that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$40.91.

Several research firms have recently commented on HBM. Jefferies Financial Group lowered their target price on Hudbay Minerals from C$57.00 to C$50.00 in a report on Monday, July 6th. Scotiabank reduced their price target on Hudbay Minerals from C$44.00 to C$43.00 and set a “sector outperform” rating for the company in a report on Thursday, July 30th. Stifel Nicolaus lifted their target price on shares of Hudbay Minerals from C$41.00 to C$43.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. National Bank Financial cut their price objective on Hudbay Minerals from C$40.00 to C$38.50 and set a “sector perform” rating for the company in a research report on Tuesday, July 14th. Finally, BMO Capital Markets decreased their target price on Hudbay Minerals from C$46.00 to C$44.00 and set an “outperform” rating for the company in a research note on Thursday, July 30th.

Hudbay Minerals Stock Performance

TSE HBM opened at C$38.21 on Friday. The business’s 50-day moving average price is C$34.79 and its 200 day moving average price is C$34.21. The company has a current ratio of 2.24, a quick ratio of 0.85 and a debt-to-equity ratio of 19.04. Hudbay Minerals has a twelve month low of C$16.84 and a twelve month high of C$44.48. The company has a market capitalization of C$16.97 billion, a PE ratio of 23.47, a price-to-earnings-growth ratio of 3.97 and a beta of 2.31.

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

Hudbay Minerals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 25th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Tuesday, September 8th. Hudbay Minerals’s dividend payout ratio is currently 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.