Hudbay Minerals (TSE:HBM) Price Target Raised to C$25.00 at Scotiabank

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target hoisted by Scotiabank from C$18.50 to C$25.00 in a research report released on Tuesday,BayStreet.CA reports. They currently have an outperform rating on the mining company’s stock.

Several other equities research analysts have also recently issued reports on HBM. Stifel Nicolaus lifted their price objective on Hudbay Minerals from C$17.00 to C$20.00 and gave the stock a “buy” rating in a report on Thursday, August 14th. The Goldman Sachs Group upgraded Hudbay Minerals to a “buy” rating in a report on Monday, September 8th. TD Securities boosted their target price on Hudbay Minerals from C$13.00 to C$15.00 and gave the stock a “buy” rating in a report on Tuesday, June 24th. Raymond James Financial boosted their target price on Hudbay Minerals from C$17.00 to C$18.50 in a report on Thursday, August 21st. Finally, Royal Bank Of Canada boosted their target price on Hudbay Minerals from C$19.00 to C$20.00 in a report on Wednesday, September 10th. Three investment analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. According to data from MarketBeat, Hudbay Minerals has an average rating of “Buy” and a consensus target price of C$18.95.

Hudbay Minerals Trading Up 3.1%

HBM stock opened at C$23.92 on Tuesday. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 46.39. Hudbay Minerals has a 12-month low of C$8.49 and a 12-month high of C$24.39. The stock has a market cap of C$9.46 billion, a price-to-earnings ratio of 32.77, a PEG ratio of 3.97 and a beta of 2.21. The business’s 50-day moving average is C$18.16 and its 200 day moving average is C$14.21.

Hudbay Minerals Announces Dividend

The firm also recently declared a half year 25 dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, September 19th were paid a $0.01 dividend. This represents a dividend yield of 6.0%. The ex-dividend date of this dividend was Tuesday, September 2nd. Hudbay Minerals’s dividend payout ratio is 1.96%.

Hudbay Minerals Company Profile

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.