Barclays Issues Positive Forecast for Hudbay Minerals (TSE:HBM) Stock Price

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target lifted by Barclays from C$41.00 to C$45.00 in a report published on Thursday,BayStreet.CA reports.

A number of other research firms have also recently commented on HBM. BMO Capital Markets raised their target price on Hudbay Minerals from C$33.00 to C$39.00 in a research report on Wednesday, April 22nd. National Bank Financial reduced their price target on Hudbay Minerals from C$40.00 to C$38.50 and set a “sector perform” rating for the company in a report on Tuesday. Scotiabank increased their price target on Hudbay Minerals from C$35.50 to C$44.00 and gave the stock a “sector outperform” rating in a research report on Thursday, June 25th. Jefferies Financial Group lowered their price target on Hudbay Minerals from C$57.00 to C$50.00 in a research report on Monday, July 6th. Finally, Canadian Imperial Bank of Commerce raised their price objective on Hudbay Minerals from C$42.00 to C$46.00 in a report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$40.72.

Hudbay Minerals Stock Down 5.2%

Shares of HBM opened at C$29.24 on Thursday. Hudbay Minerals has a 52 week low of C$12.35 and a 52 week high of C$44.48. The company has a quick ratio of 0.85, a current ratio of 1.36 and a debt-to-equity ratio of 30.14. The company has a market capitalization of C$12.98 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 3.97 and a beta of 2.36. The stock’s 50-day moving average price is C$35.54 and its 200-day moving average price is C$33.24.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted its earnings results on Friday, May 1st. The mining company reported C$0.56 EPS for the quarter. The firm 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, sell-side analysts predict that Hudbay Minerals will post 1.1220575 EPS for the current year.

Hudbay Minerals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 26th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Tuesday, June 9th. Hudbay Minerals’s dividend payout ratio (DPR) is currently 0.87%.

Hudbay Minerals Company Profile

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.