Hudbay Minerals Inc. (TSE:HBM) Receives Consensus Rating of “Buy” from Brokerages

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) has received a consensus rating of “Buy” from the fifteen brokerages that are presently covering the firm, Marketbeat reports. Thirteen investment analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$15.18.

A number of research analysts have recently weighed in on the company. TD Securities cut their price objective on Hudbay Minerals from C$15.00 to C$14.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Royal Bank of Canada raised their price target on Hudbay Minerals from C$15.00 to C$16.00 and gave the company an “outperform” rating in a report on Thursday, March 13th. Scotiabank decreased their price objective on Hudbay Minerals from C$15.50 to C$14.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Canaccord Genuity Group cut their target price on shares of Hudbay Minerals from C$15.50 to C$14.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Finally, Stifel Nicolaus boosted their price target on shares of Hudbay Minerals from C$16.00 to C$16.50 and gave the stock a “buy” rating in a research report on Thursday, January 30th.

Hudbay Minerals Price Performance

TSE:HBM opened at C$11.43 on Friday. The business’s 50-day simple moving average is C$11.61 and its two-hundred day simple moving average is C$11.93. Hudbay Minerals has a 52 week low of C$9.08 and a 52 week high of C$14.33. The stock has a market cap of C$3.17 billion, a PE ratio of 32.19, a P/E/G ratio of 3.97 and a beta of 1.83. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39.

Hudbay Minerals Announces Dividend

The company also recently declared a dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 21st were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a yield of 0.1%. Hudbay Minerals’s payout ratio is 5.63%.

Insiders Place Their Bets

In other Hudbay Minerals news, Director Peter Gerald Jan Kukielski bought 9,300 shares of Hudbay Minerals stock in a transaction on Friday, February 21st. The shares were acquired at an average price 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 on Thursday, March 20th. The stock was sold at an average price of C$12.00, for a total value of C$155,508.00. 0.07% of the stock is owned by insiders.

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.