Hudbay Minerals Inc. (TSE:HBM) Receives Consensus Recommendation of “Buy” from Brokerages

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) has received a consensus recommendation of “Buy” from the fourteen brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and three have issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$37.10.

A number of research analysts recently issued reports on HBM shares. TD Securities boosted their price target on Hudbay Minerals from C$17.00 to C$43.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Jefferies Financial Group lifted their price objective on Hudbay Minerals from C$31.00 to C$37.00 in a research report on Monday, January 19th. Canadian Imperial Bank of Commerce boosted their target price on Hudbay Minerals from C$35.00 to C$42.00 in a research note on Wednesday, February 4th. Royal Bank Of Canada upped their target price on Hudbay Minerals from C$26.00 to C$28.00 in a report on Wednesday, December 10th. Finally, UBS Group set a C$34.50 price target on Hudbay Minerals and gave the stock a “buy” rating in a research note on Friday, January 9th.

Hudbay Minerals Trading Up 2.3%

TSE:HBM opened at C$31.26 on Friday. The firm has a market capitalization of C$12.41 billion, a P/E ratio of 21.71, a P/E/G ratio of 3.97 and a beta of 1.98. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 33.86. The company has a fifty day moving average of C$33.29 and a 200 day moving average of C$25.96. Hudbay Minerals has a 52 week low of C$8.49 and a 52 week high of C$38.94.

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

Hudbay Minerals Dividend Announcement

The business 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 dividend payout ratio (DPR) is 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.