Hudbay Minerals Inc. (NYSE:HBM – Get Free Report) (TSE:HBM) announced a Semi-Annual dividend on Monday, August 12th, Zacks reports. Investors of record on Tuesday, September 3rd will be given a dividend of 0.007 per share by the mining company on Friday, September 20th. The ex-dividend date of this dividend is Tuesday, September 3rd.
Hudbay Minerals has a dividend payout ratio of 1.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Hudbay Minerals to earn $0.87 per share next year, which means the company should continue to be able to cover its $0.01 annual dividend with an expected future payout ratio of 1.1%.
Hudbay Minerals Price Performance
Hudbay Minerals stock traded up $0.20 during midday trading on Wednesday, reaching $7.48. 2,329,250 shares of the stock were exchanged, compared to its average volume of 2,958,273. The firm has a market cap of $2.94 billion, a PE ratio of 31.65 and a beta of 1.83. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.00 and a current ratio of 1.40. Hudbay Minerals has a 52 week low of $3.94 and a 52 week high of $10.49. The company’s fifty day moving average is $8.56 and its 200-day moving average is $7.76.
Analysts Set New Price Targets
Several research analysts have recently commented on the company. StockNews.com downgraded Hudbay Minerals from a “buy” rating to a “hold” rating in a report on Tuesday. Stifel Canada upgraded shares of Hudbay Minerals to a “strong-buy” rating in a report on Monday, July 22nd. National Bank Financial upgraded shares of Hudbay Minerals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 14th. Finally, Jefferies Financial Group raised Hudbay Minerals from a “hold” rating to a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $10.36.
Check Out Our Latest Stock Analysis on HBM
About Hudbay Minerals
Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.
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