Hudbay Minerals Inc. (TSE:HBM) Receives Average Rating of “Buy” from Analysts

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) has received an average recommendation of “Buy” from the fourteen brokerages that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$37.90.

A number of analysts recently weighed in on HBM shares. Bank of America raised their target price on shares of Hudbay Minerals from C$37.75 to C$44.50 in a report on Thursday, February 26th. ATB Cormark Capital Markets upped their price target on 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 increased their price objective on Hudbay Minerals from C$31.00 to C$37.00 in a research report on Monday, January 19th. Stifel Nicolaus raised their price objective on 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. Finally, TD Securities lifted their target price on Hudbay Minerals from C$17.00 to C$43.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd.

Insider Transactions at Hudbay Minerals

In related news, insider Eugene Chi-Yen Lei acquired 1,000 shares of the business’s stock in a transaction on Friday, March 27th. The shares were purchased at an average price of C$26.85 per share, for a total transaction of C$26,850.00. Following the acquisition, the insider owned 195,847 shares in the company, valued at approximately C$5,258,491.95. This represents a 0.51% increase in their ownership of the stock. Insiders own 0.07% of the company’s stock.

Hudbay Minerals Price Performance

Shares of Hudbay Minerals stock opened at C$26.53 on Tuesday. Hudbay Minerals has a 52 week low of C$8.49 and a 52 week high of C$38.94. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 33.86. The stock has a market cap of C$10.53 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 3.97 and a beta of 1.98. The company’s 50-day moving average price is C$32.56 and its two-hundred day moving average price is C$26.97.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted its quarterly earnings data on Friday, February 20th. The mining company reported C$0.30 earnings per share for the quarter. Hudbay Minerals had a net margin of 25.80% and a return on equity of 19.30%. The company had revenue of C$1.50 billion during the quarter. As a group, sell-side analysts anticipate that Hudbay Minerals will post 1.1220575 EPS for the current fiscal year.

Hudbay Minerals Dividend Announcement

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

Hudbay Minerals Company Profile

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.