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

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have received an average recommendation of “Moderate Buy” from the twelve brokerages that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$11.06.

Several brokerages have weighed in on HBM. National Bankshares lifted their price objective on shares of Hudbay Minerals from C$8.50 to C$8.75 and gave the stock a “sector perform” rating in a research note on Monday, February 26th. Raymond James lifted their price objective on shares of Hudbay Minerals from C$11.50 to C$14.00 in a research note on Wednesday, April 24th. Bank of America lifted their price objective on shares of Hudbay Minerals from C$8.50 to C$12.25 in a research note on Tuesday, April 9th. Stifel Nicolaus set a C$11.25 price objective on shares of Hudbay Minerals and gave the stock a “buy” rating in a research note on Tuesday, March 26th. Finally, CIBC raised their target price on shares of Hudbay Minerals from C$11.00 to C$13.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th.

Hudbay Minerals Stock Performance

Shares of HBM stock opened at C$11.46 on Friday. The stock has a market cap of C$4.02 billion, a P/E ratio of 39.52, a P/E/G ratio of 3.97 and a beta of 2.02. The company has a debt-to-equity ratio of 62.93, a current ratio of 1.25 and a quick ratio of 0.85. The company has a fifty day moving average price of C$9.49 and a two-hundred day moving average price of C$7.72. Hudbay Minerals has a one year low of C$5.46 and a one year high of C$12.06.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its quarterly earnings results on Friday, February 23rd. The mining company reported C$0.27 EPS for the quarter, beating analysts’ consensus estimates of C$0.15 by C$0.12. The firm had revenue of C$819.90 million during the quarter, compared to analysts’ expectations of C$710.46 million. Hudbay Minerals had a net margin of 3.93% and a return on equity of 3.68%. As a group, equities analysts predict that Hudbay Minerals will post 0.6911942 EPS for the current year.

Hudbay Minerals Announces Dividend

The business also recently announced a 1 dividend, which was paid on Tuesday, March 5th. Investors of record on Friday, March 22nd were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, March 22nd. This represents a dividend yield of 0.13%. Hudbay Minerals’s payout ratio is presently 6.90%.

Insider Buying and Selling at Hudbay Minerals

In other Hudbay Minerals news, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of C$6.01, for a total transaction of C$117,188.99. In other news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$9.45, for a total value of C$46,446.75. Also, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of C$6.01, for a total transaction of C$117,188.99. 0.08% of the stock is currently owned by company insiders.

Hudbay Minerals Company Profile

Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.