Hudbay Minerals Inc. (TSE:HBM) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) has been given an average recommendation of “Moderate Buy” by the twelve ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$11.06.

Several analysts have recently commented on the company. National Bankshares raised their target price on Hudbay Minerals from C$8.50 to C$8.75 and gave the stock a “sector perform” rating in a research report on Monday, February 26th. Stifel Nicolaus set a C$11.25 price objective on Hudbay Minerals and gave the company a “buy” rating in a research report on Tuesday, March 26th. Bank of America lifted their price objective on Hudbay Minerals from C$8.50 to C$12.25 in a research report on Tuesday, April 9th. CIBC lifted their price objective on Hudbay Minerals from C$11.00 to C$13.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. Finally, Canaccord Genuity Group lifted their price objective on Hudbay Minerals from C$10.50 to C$13.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th.

Hudbay Minerals Stock Performance

HBM opened at C$11.80 on Friday. The firm has a market cap of C$4.14 billion, a PE ratio of 39.33, a P/E/G ratio of 3.97 and a beta of 1.96. The company has a quick ratio of 0.85, a current ratio of 1.25 and a debt-to-equity ratio of 62.93. The business has a fifty day simple moving average of C$9.23 and a 200-day simple moving average of C$7.59. Hudbay Minerals has a fifty-two week low of C$5.46 and a fifty-two week high of C$11.82.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its earnings results on Friday, February 23rd. The mining company reported C$0.27 EPS for the quarter, topping the consensus estimate of C$0.15 by C$0.12. The business had revenue of C$819.90 million during the quarter, compared to analysts’ expectations of C$710.46 million. Hudbay Minerals had a return on equity of 3.68% and a net margin of 3.93%. As a group, equities analysts predict that Hudbay Minerals will post 0.681388 EPS for the current fiscal year.

Hudbay Minerals Announces Dividend

The firm also recently disclosed a 1 dividend, which was paid on Tuesday, March 5th. Stockholders of record on Friday, March 22nd were paid a $0.02 dividend. The ex-dividend date of this dividend was Friday, March 22nd. This represents a dividend yield of 0.13%. Hudbay Minerals’s payout ratio is presently 6.67%.

Insider Transactions at Hudbay Minerals

In other Hudbay Minerals news, Senior Officer Mark Zachary Gupta sold 4,915 shares of Hudbay Minerals stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of C$9.45, for a total transaction of C$46,446.75. In other news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of C$9.45, for a total value of C$46,446.75. Also, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of C$6.01, for a total transaction of C$117,188.99. 0.07% of the stock is currently owned by corporate insiders.

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.