Canaccord Genuity Group Issues Positive Forecast for Hudbay Minerals (TSE:HBM) Stock Price

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target raised by Canaccord Genuity Group from C$39.00 to C$41.00 in a research note released on Tuesday morning,BayStreet.CA reports. The firm currently has a buy rating on the mining company’s stock.

HBM has been the subject of a number of other research reports. ATB Cormark Capital Markets raised their price objective on shares of Hudbay Minerals from C$26.00 to C$37.50 and gave the company an “outperform” rating in a report on Monday, February 23rd. Jefferies Financial Group raised their price target on shares of Hudbay Minerals from C$31.00 to C$37.00 in a research note on Monday, January 19th. Stifel Nicolaus boosted their price objective on shares of Hudbay Minerals from C$28.00 to C$41.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Desjardins increased their price objective on Hudbay Minerals from C$36.00 to C$40.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Finally, BMO Capital Markets raised their target price on Hudbay Minerals from C$23.00 to C$24.00 in a research report on Tuesday, November 18th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$37.10.

Hudbay Minerals Trading Down 6.7%

TSE HBM opened at C$34.10 on Tuesday. The company has a market cap of C$13.53 billion, a price-to-earnings ratio of 23.68, a price-to-earnings-growth ratio of 3.97 and a beta of 2.16. Hudbay Minerals has a twelve month low of C$8.49 and a twelve month high of C$38.94. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 33.86. The business’s fifty day moving average is C$32.85 and its 200 day moving average is C$25.39.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted its earnings results on Friday, February 20th. The mining company reported C$0.30 EPS for the quarter. Hudbay Minerals had a return on equity of 19.30% and a net margin of 25.80%.The firm had revenue of C$747.72 million during the quarter. As a group, sell-side analysts expect that Hudbay Minerals will post 1.1220575 EPS for the current fiscal year.

Hudbay Minerals Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 27th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a yield of 3.0%. Hudbay Minerals’s dividend payout ratio (DPR) is currently 0.99%.

About Hudbay Minerals

Hudbay (TSX, NYSE: HBM) is a copper-focused critical minerals mining company with three long-life operations and a world-class pipeline of copper growth projects in tier-one mining jurisdictions of Canada, Peru and the United States. Hudbay’s operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the Company, which is complemented by meaningful gold production and by-product zinc, silver and molybdenum.