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

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have received an average rating of “Buy” from the fourteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Twelve analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$15.34.

Several equities research analysts have commented on HBM shares. Canaccord Genuity Group cut their price target on shares of Hudbay Minerals from C$16.00 to C$15.00 in a research report 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 on the stock in a research note on Tuesday, September 10th. Jefferies Financial Group upgraded shares of Hudbay Minerals from a “hold” rating to a “buy” rating and set a C$14.00 price target on the stock in a research note on Wednesday, August 14th. Stifel Canada upgraded shares of Hudbay Minerals to a “strong-buy” rating in a research report on Monday, July 22nd. Finally, Stifel Nicolaus increased their target price on shares of Hudbay Minerals from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd.

Hudbay Minerals Price Performance

Shares of HBM stock opened at C$12.54 on Tuesday. The firm has a market capitalization of C$4.94 billion, a price-to-earnings ratio of 33.89, a price-to-earnings-growth ratio of 3.97 and a beta of 1.82. Hudbay Minerals has a 12-month low of C$5.46 and a 12-month high of C$14.33. The firm has a fifty day moving average of C$10.60 and a 200-day moving average of C$11.25. The company has a quick ratio of 0.85, a current ratio of 1.87 and a debt-to-equity ratio of 49.37.

Hudbay Minerals Announces Dividend

The company also recently disclosed a 1 dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, September 20th were given a dividend of $0.02 per share. This represents a dividend yield of 0.09%. The ex-dividend date of this dividend was Friday, September 20th. Hudbay Minerals’s dividend payout ratio (DPR) is presently 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.