Hudbay Minerals (TSE:HBM) Stock Gets Price Target Trim from Raymond James Financial

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price objective cut by Raymond James Financial from C$43.00 to C$42.00 in a research note published on Thursday morning,BayStreet reports. They currently have an outperform rating on the mining company’s stock.

HBM has been the subject of several other research reports. Stifel Nicolaus boosted their price target on shares of Hudbay Minerals from C$41.00 to C$43.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Jefferies Financial Group decreased their price objective on shares of Hudbay Minerals from C$57.00 to C$50.00 in a report on Monday, July 6th. Scotiabank decreased their price objective on shares of Hudbay Minerals from C$44.00 to C$43.00 and set a “sector outperform” rating on the stock in a report on Thursday, July 30th. TD lifted their target price on shares of Hudbay Minerals from C$43.00 to C$44.00 and gave the company a “buy” rating in a research report on Thursday. Finally, National Bank Financial lifted their target price on shares of Hudbay Minerals from C$41.00 to C$42.50 and gave the company a “sector perform” rating in a research report on Monday, October 5th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$42.58.

Hudbay Minerals Trading Up 0.3%

Shares of HBM stock opened at C$30.76 on Thursday. The company has a debt-to-equity ratio of 19.04, a current ratio of 2.24 and a quick ratio of 0.85. The company has a market cap of C$13.66 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 3.97 and a beta of 2.37. The stock has a 50 day simple moving average of C$37.39 and a 200-day simple moving average of C$35.53. Hudbay Minerals has a 1-year low of C$20.26 and a 1-year high of C$44.48.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its earnings results on Wednesday, July 29th. The mining company reported C$0.40 earnings per share (EPS) for the quarter. Hudbay Minerals had a return on equity of 18.41% and a net margin of 27.22%. The firm had revenue of C$896.94 million for the quarter. On average, equities research analysts expect that Hudbay Minerals will post 1.12 EPS for the current fiscal year.

Hudbay Minerals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 25th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.1%. Hudbay Minerals’s dividend payout ratio is presently 1.32%.

Hudbay Minerals Company Profile

Hudbay (TSX, NYSE: HBM) is a copper-focused critical minerals mining company with three long-life operations and a world-class pipeline of copper growth projects in tier-one mining jurisdictions of Canada, Peru and the United States. Hudbay’s operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the Company, which is complemented by meaningful gold production and by-product zinc, silver and molybdenum.