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

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) declared a Semi-Annual dividend on Monday, August 12th, Zacks reports. Shareholders of record on Tuesday, September 3rd will be paid a dividend of 0.007 per share by the mining company on Friday, September 20th. This represents a yield of 0.2%. The ex-dividend date is Tuesday, September 3rd.

Hudbay Minerals has a dividend payout ratio of 1.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Hudbay Minerals to earn $0.88 per share next year, which means the company should continue to be able to cover its $0.01 annual dividend with an expected future payout ratio of 1.1%.

Hudbay Minerals Stock Up 3.9 %

Hudbay Minerals stock opened at $8.16 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.49 and a current ratio of 1.86. Hudbay Minerals has a one year low of $3.94 and a one year high of $10.49. The company has a 50-day simple moving average of $8.30 and a 200-day simple moving average of $7.99. The firm has a market capitalization of $3.21 billion, a P/E ratio of 35.48 and a beta of 1.83.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HBM. Stifel Canada upgraded Hudbay Minerals to a “strong-buy” rating in a research report on Monday, July 22nd. National Bank Financial upgraded shares of Hudbay Minerals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 14th. Jefferies Financial Group raised Hudbay Minerals from a “hold” rating to a “buy” rating in a report on Wednesday, August 14th. Finally, StockNews.com lowered Hudbay Minerals from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $10.75.

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.