Hudbay Minerals (TSE:HBM) PT Raised to C$16.75

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price objective raised by National Bankshares from C$15.50 to C$16.75 in a research note published on Tuesday, BayStreet.CA reports. National Bankshares currently has an outperform rating on the mining company’s stock.

Other equities analysts have also issued research reports about the stock. Canaccord Genuity Group cut their price objective on shares of Hudbay Minerals from C$16.00 to C$15.00 in a research report on Monday, July 22nd. CIBC lifted their price objective on shares of Hudbay Minerals from C$14.50 to C$15.50 and gave the company an “outperform” rating in a research note on Thursday, June 20th. Royal Bank of Canada lowered their target price on shares of Hudbay Minerals from C$18.00 to C$16.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 10th. Scotiabank raised their target price on Hudbay Minerals from C$14.50 to C$15.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Finally, Stifel Canada upgraded Hudbay Minerals to a “strong-buy” rating in a research note on Monday, July 22nd. Twelve equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Hudbay Minerals has an average rating of “Buy” and an average price target of C$15.54.

Hudbay Minerals Stock Performance

Shares of HBM stock opened at C$13.10 on Tuesday. Hudbay Minerals has a fifty-two week low of C$5.46 and a fifty-two week high of C$14.33. The stock’s 50-day moving average is C$11.13 and its two-hundred day moving average is C$11.57. The company has a debt-to-equity ratio of 49.37, a current ratio of 1.87 and a quick ratio of 0.85. The firm has a market cap of C$5.16 billion, a P/E ratio of 35.41, a PEG ratio of 3.97 and a beta of 1.83.

Hudbay Minerals Announces Dividend

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

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.