Hudbay Minerals (TSE:HBM) Upgraded at Stifel Canada

Stifel Canada upgraded shares of Hudbay Minerals (TSE:HBM) (NYSE:HBM) to a strong-buy rating in a research note issued to investors on Wednesday morning,Zacks.com reports. Stifel Canada also issued estimates for Hudbay Minerals’ FY2025 earnings at $0.79 EPS, FY2026 earnings at $0.82 EPS, FY2027 earnings at $0.67 EPS, FY2028 earnings at $0.94 EPS and FY2029 earnings at $1.36 EPS.

Several other equities research analysts have also recently weighed in on the company. Stifel Nicolaus increased their price target on Hudbay Minerals from C$16.00 to C$16.50 and gave the company a “buy” rating in a research note on Thursday, January 30th. TD Securities cut their price target on Hudbay Minerals from C$15.00 to C$14.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Royal Bank of Canada lifted their target price on Hudbay Minerals from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research report on Thursday, March 13th. Scotiabank cut their target price on Hudbay Minerals from C$15.50 to C$14.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Finally, National Bankshares cut their price objective on Hudbay Minerals from C$17.00 to C$15.50 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Thirteen investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Hudbay Minerals presently has an average rating of “Buy” and an average target price of C$15.18.

Hudbay Minerals Price Performance

Hudbay Minerals stock opened at C$11.67 on Wednesday. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 46.39. The company has a market capitalization of C$3.24 billion, a PE ratio of 32.86, a P/E/G ratio of 3.97 and a beta of 1.83. Hudbay Minerals has a 12 month low of C$9.08 and a 12 month high of C$14.33. The stock has a 50-day moving average price of C$11.67 and a two-hundred day moving average price of C$11.90.

Hudbay Minerals Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 21st were paid a $0.01 dividend. The ex-dividend date was Tuesday, March 4th. This represents a yield of 0.1%. Hudbay Minerals’s dividend payout ratio is currently 5.63%.

Insiders Place Their Bets

In related news, Director Peter Gerald Jan Kukielski bought 9,300 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was bought at an average cost of C$10.76 per share, for a total transaction of C$100,068.00. Corporate insiders own 0.07% of the company’s stock.

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.