Brokerages Set Hudbay Minerals Inc. (TSE:HBM) Price Target at C$39.17

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have earned a consensus recommendation of “Buy” from the thirteen research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$39.17.

Several research firms have recently weighed in on HBM. Canaccord Genuity Group increased their price objective on Hudbay Minerals from C$39.00 to C$41.00 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. Scotiabank reduced their price objective on Hudbay Minerals from C$37.00 to C$35.50 and set an “outperform” rating for the company in a research report on Monday, February 23rd. Canadian Imperial Bank of Commerce increased their price objective on Hudbay Minerals from C$42.00 to C$46.00 in a research report on Tuesday, April 21st. 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. Finally, BMO Capital Markets raised their target price on Hudbay Minerals from C$33.00 to C$39.00 in a research report on Wednesday, April 22nd.

Insider Transactions at Hudbay Minerals

In related news, insider Eugene Chi-Yen Lei acquired 1,000 shares of the company’s stock in a transaction on Friday, March 27th. The stock was purchased at an average cost of C$26.85 per share, for a total transaction of C$26,850.00. Following the completion of the purchase, the insider directly owned 195,847 shares of the company’s stock, valued at C$5,258,491.95. The trade was a 0.51% increase in their position. 0.07% of the stock is owned by corporate insiders.

Hudbay Minerals Stock Up 0.4%

Shares of Hudbay Minerals stock opened at C$33.30 on Friday. The stock has a market capitalization of C$13.23 billion, a P/E ratio of 23.13, a PEG ratio of 3.97 and a beta of 2.28. The stock has a 50 day moving average price of C$31.79 and a two-hundred day moving average price of C$28.69. Hudbay Minerals has a 12-month low of C$9.67 and a 12-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.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its quarterly earnings results on Friday, February 20th. The mining company reported C$0.30 earnings per share (EPS) for the quarter. The company had revenue of C$1.50 billion for the quarter. Hudbay Minerals had a return on equity of 19.30% and a net margin of 25.80%. Equities analysts expect that Hudbay Minerals will post 1.1220575 earnings per share for the current year.

Hudbay Minerals Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 27th were paid a dividend of $0.01 per share. This represents a yield of 3.0%. The ex-dividend date was Tuesday, March 10th. Hudbay Minerals’s dividend payout ratio 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.