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

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have been given a consensus recommendation of “Buy” by the fourteen brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, ten have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$37.10.

A number of equities analysts have recently commented on HBM shares. UBS Group set a C$34.50 target price on shares of Hudbay Minerals and gave the stock a “buy” rating in a research report on Friday, January 9th. Canadian Imperial Bank of Commerce raised their price objective on Hudbay Minerals from C$35.00 to C$42.00 in a report on Wednesday, February 4th. National Bank Financial cut Hudbay Minerals from an “outperform” rating to a “sector perform” rating and upped their target price for the stock from C$28.00 to C$40.00 in a report on Thursday, January 29th. ATB Cormark Capital Markets increased their price target on Hudbay Minerals from C$26.00 to C$37.50 and gave the stock an “outperform” rating in a research report on Monday, February 23rd. Finally, Jefferies Financial Group lifted their price objective on Hudbay Minerals from C$31.00 to C$37.00 in a report on Monday, January 19th.

Hudbay Minerals Stock Down 6.9%

TSE:HBM opened at C$31.48 on Friday. The company has a market cap of C$12.49 billion, a price-to-earnings ratio of 21.86, 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 current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 33.86. The stock has a fifty day simple moving average of C$33.06 and a 200-day simple moving average of C$25.50.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted its quarterly earnings results on Friday, February 20th. The mining company reported C$0.30 EPS 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$747.72 million for the quarter. Analysts anticipate that Hudbay Minerals will post 1.1220575 EPS for the current year.

Hudbay Minerals Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 27th will be given a $0.01 dividend. This represents a dividend 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%.

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.