BMO Capital Markets Issues Positive Forecast for Hudbay Minerals (TSE:HBM) Stock Price

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target increased by BMO Capital Markets from C$23.00 to C$24.00 in a report issued on Tuesday,BayStreet.CA reports.

A number of other analysts have also recently weighed in on HBM. Stifel Nicolaus boosted their price target on Hudbay Minerals from C$20.00 to C$28.00 in a research report on Tuesday, October 21st. Bank of America raised their price objective on Hudbay Minerals from C$22.50 to C$26.75 in a research note on Thursday, October 16th. 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. Jefferies Financial Group upped their target price on Hudbay Minerals from C$25.00 to C$28.00 in a research report on Friday, October 17th. Finally, Scotiabank lowered their price target on Hudbay Minerals from C$26.50 to C$26.00 in a report on Thursday, November 13th. Three analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$22.02.

Hudbay Minerals Stock Down 1.9%

HBM stock opened at C$21.14 on Tuesday. The firm has a market cap of C$8.37 billion, a PE ratio of 18.22, a PEG ratio of 3.97 and a beta of 2.41. Hudbay Minerals has a 1 year low of C$8.49 and a 1 year high of C$24.75. The company has a fifty day simple moving average of C$21.54 and a 200 day simple moving average of C$16.48. 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 Announces Dividend

The firm also recently declared a half year 25 dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 19th were given a $0.01 dividend. This represents a yield of 6.0%. The ex-dividend date of this dividend was Tuesday, September 2nd. Hudbay Minerals’s payout ratio is currently 1.22%.

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.