HudBay Minerals Receives Consensus Rating of “Buy” from Analysts (TSE:HBM)
HudBay Minerals (TSE:HBM) has earned a consensus recommendation of “Buy” from the fifteen ratings firms that are currently covering the stock, Analyst Ratings Network reports. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$12.16.
Several analysts have recently commented on the stock. Analysts at Raymond James raised their price target on shares of HudBay Minerals from C$11.00 to C$12.00 in a research note on Wednesday, August 6th. They now have a “market perform” rating on the stock. Separately, analysts at Desjardins raised their price target on shares of HudBay Minerals from C$10.00 to C$12.00 in a research note on Friday, August 1st. Finally, analysts at Paradigm Capital raised their price target on shares of HudBay Minerals from C$12.25 to C$13.25 in a research note on Friday, August 1st. They now have a “buy” rating on the stock.
HudBay Minerals (TSE:HBM) traded down 1.91% on Tuesday, hitting $10.79. The stock had a trading volume of 73,615 shares. HudBay Minerals has a 52 week low of $6.91 and a 52 week high of $11.85. The stock’s 50-day moving average is $11.16 and its 200-day moving average is $9.80. The company’s market cap is $2.478 billion.
HudBay Minerals (TSE:HBM) last announced its earnings results on Friday, August 1st. The company reported $0.04 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.03 by $0.01. On average, analysts predict that HudBay Minerals will post $0.08 earnings per share for the current fiscal year.
The company also recently announced a dividend, which is scheduled for Tuesday, September 30th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.01 per share. This represents a dividend yield of 0.09%. The ex-dividend date is Wednesday, September 10th.
HudBay Minerals Inc (TSE:HBM) is an integrated mining company.
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