Analysts Set Hudbay Minerals Inc. (TSE:HBM) Target Price at C$15.54

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have earned an average recommendation of “Buy” from the fourteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Twelve investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$15.54.

A number of brokerages have recently issued reports on HBM. Royal Bank of Canada dropped their price target on shares of Hudbay Minerals from C$18.00 to C$16.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 10th. Stifel Nicolaus boosted their price objective on shares of Hudbay Minerals from C$15.00 to C$16.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Canaccord Genuity Group decreased their price objective on shares of Hudbay Minerals from C$16.00 to C$15.00 in a report on Monday, July 22nd. Jefferies Financial Group boosted their price objective on shares of Hudbay Minerals from C$14.00 to C$15.00 in a report on Friday, October 4th. Finally, National Bankshares boosted their price objective on shares of Hudbay Minerals from C$15.50 to C$16.75 and gave the stock an “outperform” rating in a report on Tuesday, October 15th.

Hudbay Minerals Trading Up 0.1 %

Shares of Hudbay Minerals stock opened at C$12.01 on Wednesday. Hudbay Minerals has a 52-week low of C$5.88 and a 52-week high of C$14.33. The company has a quick ratio of 0.85, a current ratio of 1.87 and a debt-to-equity ratio of 49.37. The company’s 50-day simple moving average is C$12.01 and its 200-day simple moving average is C$11.90. The firm has a market cap of C$4.73 billion, a price-to-earnings ratio of 32.46, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83.

Hudbay Minerals Announces Dividend

The business also recently declared a 1 dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, September 20th were given a dividend of $0.02 per share. This represents a yield of 0.09%. The ex-dividend date of this dividend was Friday, September 20th. Hudbay Minerals’s dividend payout ratio (DPR) is 5.41%.

About Hudbay Minerals

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.