Hudbay Minerals Inc. (TSE:HBM) Receives Average Rating of “Buy” from Analysts

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have been assigned an average rating of “Buy” from the fourteen research firms that are covering the stock, Marketbeat Ratings reports. Twelve investment analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$15.54.

HBM has been the topic of several research analyst reports. Canaccord Genuity Group dropped their price objective on Hudbay Minerals from C$16.00 to C$15.00 in a research note on Monday, July 22nd. Royal Bank of Canada decreased their price target on shares of Hudbay Minerals from C$18.00 to C$16.00 and set an “outperform” rating for the company in a research note on Tuesday, September 10th. Stifel Canada raised shares of Hudbay Minerals to a “strong-buy” rating in a research report on Monday, July 22nd. Jefferies Financial Group raised their target price on shares of Hudbay Minerals from C$14.00 to C$15.00 in a research report on Friday, October 4th. Finally, National Bankshares boosted their price target on shares of Hudbay Minerals from C$15.50 to C$16.75 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th.

Hudbay Minerals Price Performance

HBM opened at C$12.01 on Wednesday. The company has a fifty day moving average price of C$12.01 and a two-hundred day moving average price of C$11.90. The firm has a market capitalization of C$4.73 billion, a PE ratio of 32.46, a P/E/G ratio of 3.97 and a beta of 1.83. The company has a debt-to-equity ratio of 49.37, a quick ratio of 0.85 and a current ratio of 1.87. Hudbay Minerals has a 52 week low of C$5.88 and a 52 week high of C$14.33.

Hudbay Minerals Dividend Announcement

The firm also recently declared a 1 dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, September 20th were given a $0.02 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a dividend yield of 0.09%. Hudbay Minerals’s payout ratio is 5.41%.

Hudbay Minerals Company Profile

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.