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

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) has received an average recommendation of “Buy” from the fifteen research firms that are presently covering the stock, MarketBeat Ratings reports. Thirteen equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$15.18.

A number of equities analysts have recently commented on the stock. Stifel Nicolaus raised their target price on shares of Hudbay Minerals from C$16.00 to C$16.50 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Stifel Canada raised Hudbay Minerals to a “strong-buy” rating in a research report on Wednesday, March 19th. Scotiabank dropped their target price on shares of Hudbay Minerals from C$15.50 to C$14.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. National Bankshares reduced their price objective on shares of Hudbay Minerals from C$17.00 to C$15.50 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Finally, TD Securities reduced their price target on Hudbay Minerals from C$15.00 to C$14.00 and set a “buy” rating for the company in a research report on Thursday, February 20th.

Hudbay Minerals Stock Up 1.8 %

Shares of HBM opened at C$12.06 on Friday. The business’s 50 day moving average is C$11.65 and its 200 day moving average is C$11.93. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 46.39. Hudbay Minerals has a 12-month low of C$9.08 and a 12-month high of C$14.33. The company has a market capitalization of C$3.35 billion, a PE ratio of 33.96, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83.

Hudbay Minerals Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 21st were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a dividend 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 purchased 9,300 shares of Hudbay Minerals stock in a transaction that occurred on Friday, February 21st. The shares were purchased at an average cost of C$10.76 per share, with a total value of C$100,068.00. Also, Senior Officer Francisco Javier Del Rio Del Aguila sold 12,959 shares of the company’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of C$12.00, for a total transaction of C$155,508.00. 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.