Hudbay Minerals (TSE:HBM) Price Target Lowered to C$26.00 at Scotiabank

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price cut by Scotiabank from C$26.50 to C$26.00 in a research note released on Thursday morning,BayStreet.CA reports.

HBM has been the topic of a number of other research reports. The Goldman Sachs Group upgraded shares of Hudbay Minerals to a “buy” rating in a research note on Monday, September 8th. Raymond James Financial upped their target price 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 boosted their price objective on shares of Hudbay Minerals from C$19.00 to C$20.00 in a report on Wednesday, September 10th. Jefferies Financial Group upped their price objective on Hudbay Minerals from C$25.00 to C$28.00 in a research report on Friday, October 17th. Finally, National Bankshares lifted their target price on Hudbay Minerals from C$22.00 to C$25.00 in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. According to MarketBeat, Hudbay Minerals currently has an average rating of “Buy” and a consensus price target of C$21.83.

Hudbay Minerals Stock Down 6.5%

Shares of TSE:HBM opened at C$22.27 on Thursday. 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 fifty day simple moving average of C$21.32 and a two-hundred day simple moving average of C$16.16. Hudbay Minerals has a 12-month low of C$8.49 and a 12-month high of C$24.75. The stock has a market capitalization of C$8.81 billion, a price-to-earnings ratio of 30.51, a PEG ratio of 3.97 and a beta of 2.41.

Hudbay Minerals Dividend Announcement

The business also recently announced a half year 25 dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 19th were paid a dividend of $0.01 per share. The ex-dividend date was Tuesday, September 2nd. This represents a yield of 6.0%. Hudbay Minerals’s payout ratio is currently 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.