Desjardins Analysts Give Hudbay Minerals (TSE:HBM) a C$40.00 Price Target

Desjardins set a C$40.00 target price on Hudbay Minerals (TSE:HBM) (NYSE:HBM) in a research report released on Thursday,BayStreet.CA reports. The firm currently has a buy rating on the mining company’s stock.

Other analysts have also issued reports about the stock. Citigroup boosted their price objective on shares of Hudbay Minerals from C$23.00 to C$32.50 and gave the company a “buy” rating in a report on Wednesday, February 11th. National Bank Financial lowered shares of Hudbay Minerals from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from C$28.00 to C$40.00 in a research note on Thursday, January 29th. BMO Capital Markets lifted their price target on shares of Hudbay Minerals from C$23.00 to C$24.00 in a research report on Tuesday, November 18th. Canaccord Genuity Group boosted their price target on shares of Hudbay Minerals from C$39.00 to C$41.00 and gave the company a “buy” rating in a research note on Tuesday, March 3rd. Finally, Scotiabank decreased their price objective on shares of Hudbay Minerals from C$37.00 to C$35.50 and set an “outperform” rating on the stock in a report on Monday, February 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Hudbay Minerals presently has an average rating of “Buy” and an average price target of C$37.10.

Hudbay Minerals Trading Down 3.8%

Shares of Hudbay Minerals stock opened at C$30.28 on Thursday. The stock has a 50 day moving average of C$33.13 and a 200 day moving average of C$25.68. The company has a debt-to-equity ratio of 33.86, a quick ratio of 0.85 and a current ratio of 0.95. The firm has a market capitalization of C$12.02 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 3.97 and a beta of 1.98. Hudbay Minerals has a fifty-two week low of C$8.49 and a fifty-two week high of C$38.94.

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. The company had revenue of C$747.72 million for the quarter. Hudbay Minerals had a return on equity of 19.30% and a net margin of 25.80%. As a group, research analysts predict that Hudbay Minerals will post 1.1220575 earnings per share for the current 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. This represents a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, March 10th. Hudbay Minerals’s dividend payout ratio is presently 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.