Hudbay Minerals Inc. (TSE:HBM) Given Average Rating of “Buy” by Analysts

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have earned a consensus rating of “Buy” from the thirteen research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, ten have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$39.10.

HBM has been the topic of a number of recent analyst reports. National Bank Financial lowered shares of Hudbay Minerals from an “outperform” rating to a “sector perform” rating and upped their target price for the company from C$28.00 to C$40.00 in a research note on Thursday, January 29th. Stifel Nicolaus upped their target price on shares of Hudbay Minerals from C$28.00 to C$41.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Royal Bank Of Canada upped their target price on shares of Hudbay Minerals from C$28.00 to C$40.00 in a research note on Thursday, March 12th. TD Securities upped 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 note on Thursday, January 22nd. Finally, Canaccord Genuity Group cut their target price on shares of Hudbay Minerals from C$41.00 to C$40.00 in a research note on Monday, May 4th.

Insider Activity

In related news, insider Eugene Chi-Yen Lei bought 1,000 shares of the business’s stock in a transaction dated Friday, March 27th. The shares were acquired at an average price of C$26.85 per share, for a total transaction of C$26,850.00. Following the purchase, the insider owned 195,847 shares in the company, valued at C$5,258,491.95. This trade represents a 0.51% increase in their position. Company insiders own 0.07% of the company’s stock.

Hudbay Minerals Stock Performance

Shares of HBM stock opened at C$32.89 on Wednesday. Hudbay Minerals has a 12 month low of C$11.32 and a 12 month high of C$38.94. The company has a debt-to-equity ratio of 30.14, a current ratio of 1.36 and a quick ratio of 0.85. The firm has a market capitalization of C$13.06 billion, a P/E ratio of 19.69, a P/E/G ratio of 3.97 and a beta of 2.34. The company’s fifty day moving average price is C$31.41 and its two-hundred day moving average price is C$29.78.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its quarterly earnings data on Friday, May 1st. The mining company reported C$0.56 EPS for the quarter. The firm had revenue of C$1.05 billion for the quarter. Hudbay Minerals had a net margin of 27.86% and a return on equity of 20.70%. On average, research analysts anticipate that Hudbay Minerals will post 1.1220575 earnings per share for the current fiscal year.

Hudbay Minerals Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 27th were paid a $0.01 dividend. This represents a dividend yield of 3.0%. The ex-dividend date was Tuesday, March 10th. Hudbay Minerals’s dividend payout ratio is 0.87%.

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.