Hudbay Minerals (TSE:HBM) Upgraded at Desjardins

Desjardins upgraded shares of Hudbay Minerals (TSE:HBM) (NYSE:HBM) to a moderate buy rating in a research note issued to investors on Thursday morning,Zacks.com reports.

Several other brokerages have also recently commented on HBM. National Bankshares set a C$15.50 price target on shares of Hudbay Minerals and gave the stock an “outperform” rating in a research report on Wednesday. Raymond James raised their price objective on shares of Hudbay Minerals from C$16.00 to C$17.00 in a research note on Friday. Royal Bank of Canada upped their target price on shares of 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. Jefferies Financial Group raised their price target on Hudbay Minerals from C$14.00 to C$17.00 in a research report on Friday. Finally, Scotiabank dropped their price objective on Hudbay Minerals from C$14.00 to C$13.50 and set an “outperform” rating for the company in a report on Friday, March 28th. Thirteen research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Hudbay Minerals currently has an average rating of “Buy” and an average target price of C$15.48.

Hudbay Minerals Price Performance

Hudbay Minerals stock opened at C$8.93 on Thursday. The business’s 50-day simple moving average is C$11.37 and its 200 day simple moving average is C$11.96. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39. The stock has a market cap of C$2.48 billion, a price-to-earnings ratio of 25.15, a P/E/G ratio of 3.97 and a beta of 1.83. Hudbay Minerals has a 12-month low of C$8.59 and a 12-month high of C$14.33.

Hudbay Minerals Announces Dividend

The business also recently declared a dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 21st were issued a $0.01 dividend. This represents a dividend yield of 0.1%. The ex-dividend date was Tuesday, March 4th. Hudbay Minerals’s dividend payout ratio (DPR) is presently 5.63%.

Insider Transactions at Hudbay Minerals

In other news, Director Peter Gerald Jan Kukielski acquired 9,300 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was acquired at an average cost of C$10.76 per share, for a total transaction of C$100,068.00. Also, Senior Officer Francisco Javier Del Rio Del Aguila sold 12,959 shares of Hudbay Minerals stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of C$12.00, for a total value of C$155,508.00. Insiders purchased 11,800 shares of company stock valued at $127,418 over the last quarter. Corporate insiders own 0.07% of the company’s stock.

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.