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

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have earned a consensus rating of “Buy” from the fourteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Twelve equities research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$15.34.

A number of equities analysts have commented on the company. Stifel Canada upgraded Hudbay Minerals to a “strong-buy” rating in a research note on Monday, July 22nd. Eight Capital upped their target price on Hudbay Minerals from C$14.50 to C$18.00 in a research report on Thursday, July 11th. National Bankshares dropped their price target on Hudbay Minerals from C$17.00 to C$15.50 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. CIBC upped their price target on Hudbay Minerals from C$14.50 to C$15.50 and gave the company an “outperform” rating in a report on Thursday, June 20th. Finally, Canaccord Genuity Group cut their target price on shares of Hudbay Minerals from C$16.00 to C$15.00 in a research note on Monday, July 22nd.

Hudbay Minerals Stock Down 1.3 %

Shares of TSE HBM opened at C$12.54 on Tuesday. The company has a debt-to-equity ratio of 49.37, a quick ratio of 0.85 and a current ratio of 1.87. The firm has a market cap of C$4.94 billion, a price-to-earnings ratio of 33.89, a PEG ratio of 3.97 and a beta of 1.82. Hudbay Minerals has a 1 year low of C$5.46 and a 1 year high of C$14.33. The stock’s 50-day simple moving average is C$10.60 and its 200-day simple moving average is C$11.25.

Hudbay Minerals Announces Dividend

The firm also recently declared a 1 dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, September 20th were paid a dividend of $0.02 per share. This represents a yield of 0.09%. The ex-dividend date of this dividend was Friday, September 20th. Hudbay Minerals’s dividend payout ratio is 5.41%.

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.