Analysts Set Hudbay Minerals Inc. (TSE:HBM) Price Target at C$15.34

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) has been given a consensus rating of “Buy” by the fourteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Twelve equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$15.34.

Several research firms have weighed in on HBM. 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 report 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 report on Wednesday, August 14th. CIBC increased their price target on shares of Hudbay Minerals from C$14.50 to C$15.50 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. Scotiabank decreased their price target on shares of Hudbay Minerals from C$17.00 to C$14.50 in a research report on Monday, August 19th. Finally, Stifel Canada upgraded shares of Hudbay Minerals to a “strong-buy” rating in a research report on Monday, July 22nd.

Hudbay Minerals Stock Down 0.8 %

Shares of Hudbay Minerals stock opened at C$12.44 on Tuesday. The company has a market cap of C$4.90 billion, a price-to-earnings ratio of 33.62, a price-to-earnings-growth ratio of 3.97 and a beta of 1.82. The company’s 50 day moving average is C$10.63 and its 200 day moving average is C$11.29. Hudbay Minerals has a twelve month low of C$5.46 and a twelve month high of C$14.33. 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 Dividend Announcement

The business also recently announced a 1 dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, September 20th were paid a dividend of $0.02 per share. The ex-dividend date was Friday, September 20th. This represents a yield of 0.09%. Hudbay Minerals’s payout ratio is 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.