Analysts Set Hudbay Minerals Inc. (TSE:HBM) PT at C$16.67

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have been given a consensus recommendation of “Buy” by the ten ratings firms that are covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$16.83.

Several equities research analysts recently weighed in on HBM shares. Veritas upgraded Hudbay Minerals to a “strong-buy” rating in a report on Monday, July 7th. Royal Bank Of Canada increased their target price on Hudbay Minerals from C$16.00 to C$17.00 and gave the company an “outperform” rating in a report on Wednesday, June 4th. National Bankshares increased their target price on Hudbay Minerals from C$16.50 to C$17.50 and gave the company an “outperform” rating in a report on Thursday, August 14th. Stifel Nicolaus increased their target price on Hudbay Minerals from C$17.00 to C$20.00 and gave the company a “buy” rating in a report on Thursday, August 14th. Finally, Raymond James Financial increased their target price on Hudbay Minerals from C$17.00 to C$18.50 in a report on Thursday.

Insider Buying and Selling

In other news, Director Gregory Paul Dryden sold 30,000 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of C$13.21, for a total value of C$396,204.00. Also, Senior Officer Mark Zachary Gupta sold 2,874 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of C$13.25, for a total value of C$38,080.50. Corporate insiders own 0.07% of the company’s stock.

Hudbay Minerals Price Performance

HBM opened at C$16.28 on Monday. The stock has a 50-day moving average price of C$13.99 and a 200-day moving average price of C$12.14. Hudbay Minerals has a 12-month low of C$8.49 and a 12-month high of C$16.69. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 46.39. The stock has a market capitalization of C$4.52 billion, a P/E ratio of 45.84, a PEG ratio of 3.97 and a beta of 1.83.

Hudbay Minerals Dividend Announcement

The firm also recently declared a half year 25 dividend, which will be paid on Friday, September 19th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.01 per share. Hudbay Minerals’s payout ratio is 5.63%.

Hudbay Minerals Company Profile

Hudbay Minerals Inc is a Canadian mining company with its operations, property developments, and exploration activities across the United States. The major mines that Hudbay operates are located in Manitoba, Canada, Arizona, United States; and Peru. The company is principally focused on the discovery, production, and marketing of base and precious metals.