Hudbay Minerals’ (HBM) Buy Rating Reiterated at Credit Suisse Group

Credit Suisse Group restated their buy rating on shares of Hudbay Minerals (TSE:HBMGet Rating) (NYSE:HBM) in a research report report published on Tuesday, Stock Target Advisor reports. The brokerage currently has a C$7.00 price target on the mining company’s stock.

A number of other analysts have also recently weighed in on the stock. Cormark dropped their target price on shares of Hudbay Minerals to C$8.00 and set a buy rating on the stock in a report on Friday, July 22nd. Raymond James lowered their price target on shares of Hudbay Minerals from C$12.00 to C$8.00 and set an outperform rating for the company in a research report on Tuesday, July 19th. BMO Capital Markets lowered their price target on shares of Hudbay Minerals from C$12.50 to C$10.00 in a research report on Wednesday, August 17th. Stifel Nicolaus lowered their price target on shares of Hudbay Minerals from C$16.50 to C$12.00 in a research report on Tuesday, July 19th. Finally, CIBC lowered their price target on shares of Hudbay Minerals from C$12.00 to C$10.00 in a research report on Wednesday, July 20th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of C$9.02.

Hudbay Minerals Stock Down 3.3 %

Shares of TSE:HBM opened at C$5.56 on Tuesday. The stock has a market capitalization of C$1.46 billion and a price-to-earnings ratio of -9.30. Hudbay Minerals has a 1-year low of C$4.07 and a 1-year high of C$11.17. The company’s fifty day moving average is C$5.26 and its two-hundred day moving average is C$6.98. The company has a debt-to-equity ratio of 78.27, a quick ratio of 0.82 and a current ratio of 1.41.

Hudbay Minerals Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 23rd will be given a $0.01 dividend. The ex-dividend date of this dividend is Thursday, September 1st. This represents a yield of 0.17%. Hudbay Minerals’s dividend payout ratio is presently -2.64%.

Hudbay Minerals Company Profile

(Get Rating)

Hudbay Minerals Inc, a diversified mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; silver/gold doré; molybdenum concentrates; and zinc metals.

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Analyst Recommendations for Hudbay Minerals (TSE:HBM)

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