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

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have earned an average recommendation of “Buy” from the eleven analysts that are currently covering the company, Marketbeat.com reports. Eight investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is C$17.25.

A number of equities research analysts have recently commented on HBM shares. TD Securities lifted their target price on Hudbay Minerals from C$13.00 to C$15.00 and gave the stock a “buy” rating in a research note on Tuesday, June 24th. National Bankshares lifted their price objective on Hudbay Minerals from C$16.50 to C$17.50 and gave the stock an “outperform” rating in a report on Thursday, August 14th. Desjardins lifted their price objective on Hudbay Minerals from C$16.00 to C$17.00 and gave the stock a “buy” rating in a report on Thursday, May 22nd. Scotiabank lifted their price objective on Hudbay Minerals from C$14.00 to C$15.50 in a report on Monday, June 16th. Finally, Veritas raised Hudbay Minerals to a “strong-buy” rating in a report on Monday, July 7th.

Hudbay Minerals Trading Down 0.4%

TSE HBM opened at C$18.52 on Friday. The stock has a market capitalization of C$7.33 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 3.97 and a beta of 2.02. Hudbay Minerals has a one year low of C$8.49 and a one year high of C$19.22. The company has a debt-to-equity ratio of 46.39, a current ratio of 1.86 and a quick ratio of 0.85. The business’s fifty day moving average is C$15.30 and its 200-day moving average is C$12.90.

Hudbay Minerals Dividend Announcement

The company also recently disclosed a half year 25 dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 19th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a yield of 6.0%. Hudbay Minerals’s dividend payout ratio (DPR) is 1.96%.

About Hudbay Minerals

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.