Hudbay Minerals (TSE:HBM) Price Target Raised to C$26.50 at Scotiabank

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target hoisted by Scotiabank from C$25.00 to C$26.50 in a research note published on Tuesday morning,BayStreet.CA reports.

A number of other research firms have also recently weighed in on HBM. Jefferies Financial Group upped their target price on shares of Hudbay Minerals from C$25.00 to C$28.00 in a research note on Friday, October 17th. National Bankshares upped their target price on shares of Hudbay Minerals from C$22.00 to C$25.00 in a research note on Wednesday, October 8th. Veritas raised shares of Hudbay Minerals to a “strong-buy” rating in a research note on Monday, July 7th. The Goldman Sachs Group raised shares of Hudbay Minerals to a “buy” rating in a research note on Monday, September 8th. Finally, Raymond James Financial upped their target price on shares of Hudbay Minerals from C$17.00 to C$18.50 in a research note on Thursday, August 21st. Three investment analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$21.88.

Hudbay Minerals Stock Performance

TSE HBM opened at C$22.55 on Tuesday. The stock has a market cap of C$8.92 billion, a P/E ratio of 30.89, a PEG ratio of 3.97 and a beta of 2.21. The company’s 50-day simple moving average is C$19.83 and its 200 day simple moving average is C$15.14. Hudbay Minerals has a twelve month low of C$8.49 and a twelve month high of C$24.75. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39.

Hudbay Minerals Announces Dividend

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