Hudbay Minerals Inc. (TSE:HBM) Stock Has Consensus Price Target of C$41.78

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have received a consensus recommendation of “Buy” from the twelve research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$41.78.

Several equities research analysts have recently weighed in on HBM shares. Raymond James Financial increased their price target on Hudbay Minerals from C$41.00 to C$42.00 and gave the stock an “outperform” rating in a report on Friday, September 4th. Scotiabank dropped their price objective on Hudbay Minerals from C$44.00 to C$43.00 and set a “sector outperform” rating for the company in a report on Thursday, July 30th. ATB Cormark Capital Markets cut their price objective on Hudbay Minerals from C$35.50 to C$35.00 and set an “outperform” rating on the stock in a research report on Thursday, July 30th. Stifel Nicolaus increased their target price on Hudbay Minerals from C$41.00 to C$43.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Finally, National Bank Financial decreased their target price on Hudbay Minerals from C$40.00 to C$38.50 and set a “sector perform” rating for the company in a research report on Tuesday, July 14th.

Hudbay Minerals Price Performance

HBM stock opened at C$37.42 on Tuesday. The stock has a market cap of C$16.62 billion, a PE ratio of 22.98, a P/E/G ratio of 3.97 and a beta of 2.31. Hudbay Minerals has a 12 month low of C$19.31 and a 12 month high of C$44.48. The company has a 50-day moving average price of C$36.55 and a 200 day moving average price of C$34.45. The company has a current ratio of 2.24, a quick ratio of 0.85 and a debt-to-equity ratio of 19.04.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its quarterly earnings data on Wednesday, July 29th. The mining company reported C$0.40 earnings per share (EPS) for the quarter. Hudbay Minerals had a net margin of 27.22% and a return on equity of 18.41%. The business had revenue of C$896.94 million during the quarter. Equities research analysts anticipate that Hudbay Minerals will post 1.1220575 earnings per share for the current year.

Hudbay Minerals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 25th will be issued a $0.01 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.1%. Hudbay Minerals’s dividend payout ratio is presently 1.32%.

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.