Brokerages Set Hudbay Minerals Inc. (TSE:HBM) Target Price at C$37.90

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) has been assigned an average recommendation of “Buy” from the fourteen analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$37.90.

HBM has been the topic of a number of recent analyst reports. National Bank Financial cut Hudbay Minerals from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from C$28.00 to C$40.00 in a research report on Thursday, January 29th. Royal Bank Of Canada lifted their target price on Hudbay Minerals from C$28.00 to C$40.00 in a research report on Thursday, March 12th. Jefferies Financial Group lifted their target price on Hudbay Minerals from C$31.00 to C$37.00 in a research report on Monday, January 19th. Citigroup lifted their target price on Hudbay Minerals from C$23.00 to C$32.50 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Finally, Raymond James Financial lifted their target price on Hudbay Minerals from C$34.00 to C$36.00 and gave the company an “outperform” rating in a research report on Monday, January 26th.

Hudbay Minerals Stock Up 0.6%

HBM stock opened at C$30.26 on Tuesday. Hudbay Minerals has a 52 week low of C$8.49 and a 52 week high of C$38.94. 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 business has a 50-day simple moving average of C$32.17 and a 200 day simple moving average of C$27.37. The company has a market cap of C$12.01 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 3.97 and a beta of 2.28.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released its earnings results on Friday, February 20th. The mining company reported C$0.30 earnings per share (EPS) for the quarter. Hudbay Minerals had a return on equity of 19.30% and a net margin of 25.80%.The firm had revenue of C$1.50 billion for the quarter. Sell-side analysts anticipate that Hudbay Minerals will post 1.1220575 EPS for the current fiscal year.

Hudbay Minerals Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 27th were given a $0.01 dividend. This represents a yield of 3.0%. The ex-dividend date was Tuesday, March 10th. Hudbay Minerals’s payout ratio is currently 0.99%.

Insider Transactions at Hudbay Minerals

In other Hudbay Minerals news, insider Eugene Chi-Yen Lei bought 1,000 shares of the firm’s stock in a transaction on Friday, March 27th. The shares were purchased at an average price of C$26.85 per share, for a total transaction of C$26,850.00. Following the completion of the transaction, the insider directly owned 195,847 shares in the company, valued at approximately C$5,258,491.95. The trade was a 0.51% increase in their position. 0.07% of the stock is currently owned by corporate insiders.

About Hudbay Minerals

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.