Hudbay Minerals (TSE:HBM) Price Target Raised to C$41.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target boosted by Canaccord Genuity Group from C$39.00 to C$41.00 in a research note released on Tuesday,BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the mining company’s stock.

HBM has been the subject of a number of other reports. Citigroup upped their price target on Hudbay Minerals from C$23.00 to C$32.50 and gave the company a “buy” rating in a report on Wednesday, February 11th. TD Securities increased their target price on shares of Hudbay Minerals from C$17.00 to C$43.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Canadian Imperial Bank of Commerce boosted their price target on shares of Hudbay Minerals from C$35.00 to C$42.00 in a research report on Wednesday, February 4th. National Bank Financial downgraded shares of Hudbay Minerals from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from C$28.00 to C$40.00 in a research note on Thursday, January 29th. Finally, Raymond James Financial lifted their target price on Hudbay Minerals from C$34.00 to C$36.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Three analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$37.10.

Hudbay Minerals Stock Down 6.9%

HBM stock opened at C$31.48 on Tuesday. The company’s 50 day moving average price is C$33.06 and its 200 day moving average price is C$25.50. The firm has a market capitalization of C$12.49 billion, a price-to-earnings ratio of 21.86, a PEG ratio of 3.97 and a beta of 2.16. Hudbay Minerals has a fifty-two week low of C$8.49 and a fifty-two week high of C$38.94. The company has a debt-to-equity ratio of 33.86, a quick ratio of 0.85 and a current ratio of 0.95.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted its quarterly earnings results on Friday, February 20th. The mining company reported C$0.30 earnings per share for the quarter. Hudbay Minerals had a return on equity of 19.30% and a net margin of 25.80%.The company had revenue of C$747.72 million for the quarter. On average, equities research analysts anticipate that Hudbay Minerals will post 1.1220575 EPS for the current fiscal year.

Hudbay Minerals Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 27th will be issued a $0.01 dividend. The ex-dividend date is Tuesday, March 10th. This represents a yield of 3.0%. Hudbay Minerals’s payout ratio is currently 0.99%.

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.