CSFB Raises Hudbay Minerals (TSE:HBM) Price Target to C$8.50

Hudbay Minerals (TSE:HBMGet Rating) (NYSE:HBM) had its target price upped by CSFB from C$7.00 to C$8.50 in a report released on Tuesday morning, BayStreet.CA reports.

Other research analysts have also issued reports about the company. Bank of America increased their price objective on Hudbay Minerals from C$6.80 to C$8.00 in a research note on Tuesday. National Bankshares dropped their price objective on Hudbay Minerals from C$7.75 to C$7.50 in a research note on Thursday, October 13th. BMO Capital Markets decreased their target price on Hudbay Minerals from C$12.50 to C$10.00 in a report on Wednesday, August 17th. Eight Capital decreased their target price on Hudbay Minerals from C$11.00 to C$10.00 in a report on Wednesday, October 26th. Finally, Royal Bank of Canada decreased their target price on Hudbay Minerals from C$12.00 to C$10.00 and set an outperform rating on the stock in a report on Wednesday, August 10th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of C$8.97.

Hudbay Minerals Stock Performance

Hudbay Minerals stock opened at C$7.48 on Tuesday. The company has a debt-to-equity ratio of 79.51, a current ratio of 1.24 and a quick ratio of 0.85. The stock has a fifty day moving average price of C$5.97 and a two-hundred day moving average price of C$5.89. Hudbay Minerals has a 52-week low of C$4.07 and a 52-week high of C$11.17. The firm has a market capitalization of C$1.96 billion and a P/E ratio of 19.18.

Hudbay Minerals Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, September 23rd. Investors of record on Friday, September 23rd were issued a $0.01 dividend. This represents a yield of 0.17%. The ex-dividend date was Thursday, September 1st. Hudbay Minerals’s dividend payout ratio is 3.97%.

About Hudbay Minerals

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Hudbay Minerals Inc, a diversified mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; silver/gold doré; molybdenum concentrates; and zinc metals.

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Analyst Recommendations for Hudbay Minerals (TSE:HBM)

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