Hudbay Minerals Inc. (TSE:HBM) Given Consensus Rating of “Buy” by Analysts

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have earned a consensus rating of “Buy” from the thirteen ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$39.22.

Several research analysts have issued reports on the company. Royal Bank Of Canada upped their price target on Hudbay Minerals from C$28.00 to C$40.00 in a report on Thursday, March 12th. BMO Capital Markets upped their price target on Hudbay Minerals from C$33.00 to C$39.00 in a report on Wednesday, April 22nd. Canaccord Genuity Group dropped their price target on Hudbay Minerals from C$41.00 to C$40.00 in a report on Monday, May 4th. Barclays set a C$41.00 price target on Hudbay Minerals and gave the company an “overweight” rating in a report on Friday, May 22nd. Finally, ATB Cormark Capital Markets upped their price target on Hudbay Minerals from C$26.00 to C$37.50 and gave the company an “outperform” rating in a report on Monday, February 23rd.

Insider Activity

In other news, insider Eugene Chi-Yen Lei bought 1,000 shares of the business’s stock in a transaction on Friday, March 27th. The shares were bought at an average cost of C$26.85 per share, with a total value of C$26,850.00. Following the purchase, the insider directly owned 195,847 shares in the company, valued at C$5,258,491.95. This trade represents a 0.51% increase in their ownership of the stock. Corporate insiders own 0.07% of the company’s stock.

Hudbay Minerals Price Performance

TSE HBM opened at C$38.84 on Friday. The stock has a market capitalization of C$15.43 billion, a P/E ratio of 23.26, a P/E/G ratio of 3.97 and a beta of 2.24. Hudbay Minerals has a 1 year low of C$12.35 and a 1 year high of C$44.48. The business’s fifty day moving average is C$34.90 and its two-hundred day moving average is C$31.69. The company has a debt-to-equity ratio of 30.14, a quick ratio of 0.85 and a current ratio of 1.36.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted its quarterly earnings results on Friday, May 1st. The mining company reported C$0.56 earnings per share (EPS) for the quarter. The company had revenue of C$1.05 billion for the quarter. Hudbay Minerals had a return on equity of 20.70% and a net margin of 27.86%. On average, research analysts forecast that Hudbay Minerals will post 1.1220575 earnings per share for the current fiscal year.

Hudbay Minerals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 26th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $0.04 annualized dividend and a dividend yield of 0.1%. Hudbay Minerals’s dividend payout ratio is currently 0.87%.

About Hudbay Minerals

Hudbay (TSX, NYSE: HBM) is a copper-focused critical minerals mining company with three long-life operations and a world-class pipeline of copper growth projects in tier-one mining jurisdictions of Canada, Peru and the United States. Hudbay’s operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the Company, which is complemented by meaningful gold production and by-product zinc, silver and molybdenum.