Hudbay Minerals (TSE:HBM) Sets New 12-Month High at $11.02

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) hit a new 52-week high on Monday . The stock traded as high as C$11.02 and last traded at C$10.54, with a volume of 694619 shares changing hands. The stock had previously closed at C$10.51.

Wall Street Analysts Forecast Growth

HBM has been the subject of a number of recent research reports. Raymond James upped their target price on Hudbay Minerals from C$9.00 to C$10.50 in a report on Wednesday, March 20th. National Bankshares lifted their price objective on Hudbay Minerals from C$8.50 to C$8.75 and gave the stock a “sector perform” rating in a report on Monday, February 26th. Scotiabank boosted their price target on Hudbay Minerals from C$10.50 to C$11.00 and gave the company an “outperform” rating in a report on Tuesday, February 6th. Canaccord Genuity Group lifted their price objective on Hudbay Minerals from C$9.25 to C$10.50 in a research report on Monday, April 1st. Finally, BMO Capital Markets decreased their price objective on shares of Hudbay Minerals from C$9.50 to C$8.50 and set an “outperform” rating for the company in a report on Friday, December 22nd. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$10.00.

Hudbay Minerals Stock Performance

The company has a current ratio of 1.25, a quick ratio of 0.85 and a debt-to-equity ratio of 62.93. The firm’s 50-day moving average is C$8.72 and its two-hundred day moving average is C$7.38. The stock has a market cap of C$3.67 billion, a price-to-earnings ratio of 34.83, a P/E/G ratio of 3.97 and a beta of 1.96.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted its quarterly earnings data on Friday, February 23rd. The mining company reported C$0.27 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.15 by C$0.12. The firm had revenue of C$819.90 million during the quarter, compared to analysts’ expectations of C$710.46 million. Hudbay Minerals had a net margin of 3.93% and a return on equity of 3.68%. As a group, sell-side analysts expect that Hudbay Minerals Inc. will post 0.681388 earnings per share for the current year.

Hudbay Minerals Announces Dividend

The business also recently disclosed a 1 dividend, which was paid on Tuesday, March 5th. Investors of record on Friday, March 22nd were paid a $0.02 dividend. This represents a dividend yield of 0.13%. The ex-dividend date of this dividend was Friday, March 22nd. Hudbay Minerals’s dividend payout ratio (DPR) is 6.67%.

Insiders Place Their Bets

In other news, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of C$6.01, for a total value of C$117,188.99. In related news, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of C$6.01, for a total value of C$117,188.99. Also, Senior Officer Mark Zachary Gupta sold 4,915 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of C$9.45, for a total transaction of C$46,446.75. 0.07% of the stock is currently owned by company insiders.

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.