Hudbay Minerals Inc. (NYSE:HBM – Get Free Report) (TSE:HBM) has been given an average recommendation of “Buy” by the six brokerages that are currently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $9.55.
A number of equities research analysts have recently commented on HBM shares. Royal Bank of Canada reiterated an “outperform” rating and set a $10.00 price target on shares of Hudbay Minerals in a report on Monday, October 2nd. Scotiabank lifted their target price on shares of Hudbay Minerals from $10.00 to $10.50 and gave the stock a “sector outperform” rating in a research note on Tuesday, September 19th. StockNews.com began coverage on Hudbay Minerals in a research note on Thursday, October 5th. They set a “hold” rating on the stock. Credit Suisse Group lowered their price objective on Hudbay Minerals from $9.00 to $8.00 and set an “outperform” rating for the company in a research report on Monday, August 21st. Finally, TD Securities dropped their target price on Hudbay Minerals from $11.00 to $10.50 and set a “buy” rating for the company in a research note on Tuesday, September 12th.
Institutional Inflows and Outflows
Hudbay Minerals Price Performance
Shares of NYSE:HBM opened at $4.67 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.53 and a current ratio of 0.90. The business’s fifty day moving average price is $4.66 and its two-hundred day moving average price is $4.88. The stock has a market cap of $1.63 billion, a PE ratio of -35.92, a price-to-earnings-growth ratio of 0.69 and a beta of 1.98. Hudbay Minerals has a one year low of $4.12 and a one year high of $6.34.
Hudbay Minerals (NYSE:HBM – Get Free Report) (TSE:HBM) last posted its quarterly earnings data on Tuesday, August 8th. The mining company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.10). The company had revenue of $312.17 million for the quarter, compared to analyst estimates of $343.25 million. Hudbay Minerals had a negative net margin of 2.75% and a negative return on equity of 1.59%. On average, analysts forecast that Hudbay Minerals will post 0.22 EPS for the current fiscal year.
Hudbay Minerals Announces Dividend
The company also recently disclosed a Semi-Annual dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 1st were paid a dividend of $0.008 per share. The ex-dividend date of this dividend was Thursday, August 31st. This represents a dividend yield of 0.3%. Hudbay Minerals’s dividend payout ratio is currently -7.69%.
About Hudbay Minerals
Hudbay Minerals Inc, a diversified mining company, together with its subsidiaries, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing copper, gold, and silver; zinc concentrates; zinc metal; and gold and silver doré and molybdenum concentrates.
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