Hudbay Minerals Inc (NYSE:HBM) Plans Semi-Annual Dividend of $0.01

Hudbay Minerals Inc (NYSE:HBM) (TSE:HBM) announced a Semi-Annual dividend on Wednesday, February 21st, Zacks reports. Shareholders of record on Friday, March 9th will be given a dividend of 0.008 per share by the mining company on Thursday, March 29th. This represents a yield of 0.2%. The ex-dividend date of this dividend is Thursday, March 8th.

Hudbay Minerals has decreased its dividend payment by an average of 5.1% per year over the last three years. Hudbay Minerals has a dividend payout ratio of 4.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Hudbay Minerals to earn $1.08 per share next year, which means the company should continue to be able to cover its $0.02 annual dividend with an expected future payout ratio of 1.9%.

HBM stock traded up $0.45 during midday trading on Thursday, reaching $7.10. 667,586 shares of the company were exchanged, compared to its average volume of 840,956. The company has a current ratio of 1.87, a quick ratio of 1.47 and a debt-to-equity ratio of 0.49. Hudbay Minerals has a 1-year low of $4.60 and a 1-year high of $10.25. The stock has a market cap of $1,841.96, a P/E ratio of 10.92 and a beta of 2.96.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last released its quarterly earnings data on Wednesday, February 21st. The mining company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). Hudbay Minerals had a return on equity of 7.13% and a net margin of 12.03%. The company had revenue of $414.14 million for the quarter, compared to analyst estimates of $414.00 million. equities research analysts predict that Hudbay Minerals will post 0.79 earnings per share for the current year.

A number of research firms have weighed in on HBM. Zacks Investment Research cut shares of Hudbay Minerals from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. ValuEngine upgraded shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a research report on Friday, January 26th. National Bank Financial lowered shares of Hudbay Minerals from an “outperform” rating to a “sector perform” rating in a research report on Thursday, January 18th. Macquarie upgraded shares of Hudbay Minerals from a “neutral” rating to an “outperform” rating in a research report on Tuesday. Finally, Canaccord Genuity lowered shares of Hudbay Minerals from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $11.25.

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Hudbay Minerals Company Profile

Hudbay Minerals Inc is a Canada-based mining company. The Company is engaged in the production of copper concentrate, consisting of copper, gold and silver, as well as zinc metal. The Company is focused on the discovery, production and marketing of base and precious metals. The Company has assets in North and South America.

Dividend History for Hudbay Minerals (NYSE:HBM)

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