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

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) has earned an average recommendation of “Buy” from the eleven ratings firms that are covering the stock, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$18.00.

A number of brokerages have recently weighed in on HBM. Raymond James Financial raised their price objective on shares of Hudbay Minerals from C$17.00 to C$18.50 in a research note on Thursday, August 21st. Royal Bank Of Canada raised their price objective on shares of Hudbay Minerals from C$19.00 to C$20.00 in a research note on Wednesday, September 10th. National Bankshares raised their price objective on shares of Hudbay Minerals from C$22.00 to C$25.00 in a research note on Wednesday, October 8th. Stifel Nicolaus raised their price objective on shares of Hudbay Minerals from C$17.00 to C$20.00 and gave the stock a “buy” rating in a research note on Thursday, August 14th. Finally, Scotiabank raised their price objective on shares of Hudbay Minerals from C$14.00 to C$15.50 in a research note on Monday, June 16th.

Hudbay Minerals Price Performance

HBM stock opened at C$23.21 on Tuesday. The firm has a 50 day moving average of C$17.93 and a 200-day moving average of C$14.14. Hudbay Minerals has a 12-month low of C$8.49 and a 12-month high of C$24.39. 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 company has a market cap of C$9.18 billion, a price-to-earnings ratio of 31.79, a PEG ratio of 3.97 and a beta of 2.21.

Hudbay Minerals Announces Dividend

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

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.