Royal Bank Of Canada Issues Positive Forecast for Hudbay Minerals (TSE:HBM) Stock Price

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price lifted by Royal Bank Of Canada from C$28.00 to C$40.00 in a research report report published on Thursday morning,BayStreet.CA reports.

A number of other research firms have also commented on HBM. Canaccord Genuity Group raised their price target on Hudbay Minerals from C$39.00 to C$41.00 and gave the stock a “buy” rating in a report on Tuesday, March 3rd. TD Securities increased their price objective 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. UBS Group set a C$34.50 target price on Hudbay Minerals and gave the stock a “buy” rating in a research note on Friday, January 9th. Stifel Nicolaus lifted their target price on Hudbay Minerals from C$28.00 to C$41.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Finally, 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 research report on Monday, February 23rd. Three 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$37.90.

Hudbay Minerals Stock Performance

TSE HBM opened at C$29.74 on Thursday. The firm has a market cap of C$11.80 billion, a P/E ratio of 20.65, a price-to-earnings-growth ratio of 3.97 and a beta of 1.98. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 33.86. The company’s 50 day moving average is C$33.40 and its 200-day moving average is C$26.02. Hudbay Minerals has a 12-month low of C$8.49 and a 12-month high of C$38.94.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released its quarterly earnings data 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 during the quarter. Sell-side analysts predict that Hudbay Minerals will post 1.1220575 earnings per share for the current year.

Hudbay Minerals Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a yield of 3.0%. Hudbay Minerals’s dividend payout ratio (DPR) is currently 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.