Hudbay Minerals (TSE:HBM) Price Target Raised to C$45.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target boosted by Haywood Securities from C$43.00 to C$45.00 in a research note published on Wednesday,BayStreet reports.

Other equities analysts have also recently issued research reports about the stock. National Bank Financial lowered their price objective on shares of Hudbay Minerals from C$40.00 to C$38.50 and set a “sector perform” rating on the stock in a research note on Tuesday, July 14th. ATB Cormark Capital Markets cut their target price on shares of Hudbay Minerals from C$35.50 to C$35.00 and set an “outperform” rating for the company in a research report on Thursday, July 30th. BMO Capital Markets reduced their target price on shares of Hudbay Minerals from C$46.00 to C$44.00 and set an “outperform” rating for the company in a report on Thursday, July 30th. Raymond James Financial upped their target price on shares of Hudbay Minerals from C$42.00 to C$43.00 in a report on Wednesday. Finally, Scotiabank decreased their price target on shares of Hudbay Minerals from C$44.00 to C$43.00 and set a “sector outperform” rating on the stock in a research report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Hudbay Minerals has an average rating of “Buy” and a consensus target price of C$42.03.

Hudbay Minerals Stock Up 4.1%

HBM stock opened at C$38.78 on Wednesday. Hudbay Minerals has a fifty-two week low of C$20.26 and a fifty-two week high of C$44.48. The business’s 50-day moving average is C$37.38 and its two-hundred day moving average is C$34.75. The company has a debt-to-equity ratio of 19.04, a quick ratio of 0.85 and a current ratio of 2.24. The company has a market cap of C$17.22 billion, a price-to-earnings ratio of 23.82, a P/E/G ratio of 3.97 and a beta of 2.31.

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

Hudbay Minerals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 25th were paid a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $0.04 annualized dividend and a dividend yield of 0.1%. Hudbay Minerals’s dividend payout ratio (DPR) is 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.