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

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have received a consensus recommendation of “Buy” from the ten analysts that are presently covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$16.67.

Several equities research analysts have issued reports on HBM shares. Scotiabank raised their price target on shares of Hudbay Minerals from C$14.00 to C$15.50 in a research note on Monday, June 16th. Royal Bank Of Canada raised their price target on shares of Hudbay Minerals from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 4th. National Bankshares raised their price target on shares of Hudbay Minerals from C$16.50 to C$17.50 and gave the stock an “outperform” rating in a research note on Thursday. Desjardins raised their price target on shares of Hudbay Minerals from C$16.00 to C$17.00 and gave the stock a “buy” rating in a research note on Thursday, May 22nd. Finally, Stifel Nicolaus raised their price target on shares of Hudbay Minerals from C$17.00 to C$20.00 and gave the stock a “buy” rating in a research note on Thursday.

Insider Activity at Hudbay Minerals

In related news, Director Gregory Paul Dryden sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of C$13.21, for a total value of C$396,204.00. Also, Senior Officer Mark Zachary Gupta sold 2,874 shares of the firm’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of C$13.25, for a total transaction of C$38,080.50. Insiders sold 34,074 shares of company stock worth $447,953 in the last 90 days. 0.07% of the stock is currently owned by insiders.

Hudbay Minerals Price Performance

Hudbay Minerals stock opened at C$15.23 on Monday. Hudbay Minerals has a 12-month low of C$8.49 and a 12-month high of C$16.69. The stock has a market capitalization of C$4.22 billion, a P/E ratio of 42.89, a P/E/G ratio of 3.97 and a beta of 1.83. The firm’s 50-day moving average is C$13.75 and its two-hundred day moving average is C$12.02. The company has a debt-to-equity ratio of 46.39, a current ratio of 1.86 and a quick ratio of 0.85.

Hudbay Minerals Dividend Announcement

The firm also recently declared a half year 25 dividend, which will be paid on Friday, September 19th. Investors of record on Tuesday, September 2nd will be issued a $0.01 dividend. Hudbay Minerals’s payout ratio is 5.63%.

About Hudbay Minerals

Hudbay Minerals Inc is a Canadian mining company with its operations, property developments, and exploration activities across the United States. The major mines that Hudbay operates are located in Manitoba, Canada, Arizona, United States; and Peru. The company is principally focused on the discovery, production, and marketing of base and precious metals.