Hudbay Minerals (TSE:HBM) Price Target Raised to C$43.00 at Stifel Nicolaus

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price increased by Stifel Nicolaus from C$41.00 to C$43.00 in a research note published on Tuesday morning,BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the mining company’s stock.

Other analysts have also issued research reports about the company. National Bank Financial dropped their price objective on Hudbay Minerals from C$40.00 to C$38.50 and set a “sector perform” rating for the company in a research note on Tuesday, July 14th. Barclays raised their target price on shares of Hudbay Minerals from C$41.00 to C$45.00 in a report on Thursday, July 16th. Canaccord Genuity Group decreased their target price on shares of Hudbay Minerals from C$41.00 to C$40.00 in a research note on Monday, May 4th. BMO Capital Markets upped their price target on shares of Hudbay Minerals from C$33.00 to C$39.00 in a report on Wednesday, April 22nd. Finally, Canadian Imperial Bank of Commerce increased their price target on shares of Hudbay Minerals from C$42.00 to C$46.00 in a research report on Tuesday, April 21st. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Hudbay Minerals presently has a consensus rating of “Buy” and an average price target of C$40.84.

Hudbay Minerals Trading Up 10.5%

TSE HBM opened at C$32.40 on Tuesday. The firm has a market cap of C$14.39 billion, a PE ratio of 19.40, a price-to-earnings-growth ratio of 3.97 and a beta of 2.36. Hudbay Minerals has a 1-year low of C$12.35 and a 1-year high of C$44.48. The stock has a 50-day moving average of C$35.22 and a 200-day moving average of C$33.31. The company has a current ratio of 1.36, a quick ratio of 0.85 and a debt-to-equity ratio of 30.14.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted its quarterly earnings results on Friday, May 1st. The mining company reported C$0.56 earnings per share (EPS) for the quarter. The business had revenue of C$1.05 billion for the quarter. Hudbay Minerals had a return on equity of 20.70% and a net margin of 27.86%. As a group, sell-side analysts forecast that Hudbay Minerals will post 1.1220575 EPS for the current year.

Hudbay Minerals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 26th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $0.04 dividend on an annualized basis and a yield of 0.1%. Hudbay Minerals’s dividend payout ratio is presently 0.87%.

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.