Hudbay Minerals Inc. (TSE:HBM) to Issue $0.01 Quarterly Dividend

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) announced a quarterly dividend on Tuesday, June 9th, TickerTech Dividends reports. Stockholders of record on Friday, June 26th will be paid a dividend of 0.01 per share by the mining company on Friday, June 26th. This represents a c) annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Tuesday, June 9th.

Hudbay Minerals Stock Performance

TSE:HBM opened at C$35.72 on Friday. The stock’s fifty day moving average is C$34.04 and its 200 day moving average is C$31.16. Hudbay Minerals has a fifty-two week low of C$12.35 and a fifty-two week high of C$44.48. The firm has a market capitalization of C$14.19 billion, a PE ratio of 21.39, a PEG ratio of 3.97 and a beta of 2.24. The company has a debt-to-equity ratio of 30.14, a quick ratio of 0.85 and a current ratio of 1.36.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its quarterly earnings data on Friday, May 1st. The mining company reported C$0.56 EPS for the quarter. Hudbay Minerals had a return on equity of 20.70% and a net margin of 27.86%.The company had revenue of C$1.05 billion for the quarter. On average, sell-side analysts anticipate that Hudbay Minerals will post 1.1220575 earnings per share for the current year.

Analyst Ratings Changes

HBM has been the subject of a number of research analyst reports. Barclays set a C$41.00 price target on Hudbay Minerals and gave the company an “overweight” rating in a research note on Friday, May 22nd. Desjardins set a C$40.00 target price on Hudbay Minerals and gave the stock a “buy” rating in a report on Thursday, March 5th. BMO Capital Markets raised their target price on Hudbay Minerals from C$33.00 to C$39.00 in a report on Wednesday, April 22nd. Citigroup raised their price objective on Hudbay Minerals from C$23.00 to C$32.50 and gave the company a “buy” rating in a report on Wednesday, February 11th. Finally, Canaccord Genuity Group lowered their price target on Hudbay Minerals from C$41.00 to C$40.00 in a research note on Monday, May 4th. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$39.22.

Hudbay Minerals Company Profile

Hudbay (TSX, NYSE: HBM) is a copper-focused critical minerals mining company with three long-life operations and a world-class pipeline of copper growth projects in tier-one mining jurisdictions of Canada, Peru and the United States. Hudbay’s operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the Company, which is complemented by meaningful gold production and by-product zinc, silver and molybdenum.