Brokerages Set Hudbay Minerals Inc. (TSE:HBM) Target Price at C$40.91

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have received a consensus recommendation of “Buy” from the thirteen brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, ten have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$40.91.

A number of research firms recently issued reports on HBM. BMO Capital Markets dropped their price target on shares of Hudbay Minerals from C$46.00 to C$44.00 and set an “outperform” rating on the stock in a research note on Thursday, July 30th. Canaccord Genuity Group reduced their price objective on shares of Hudbay Minerals from C$40.00 to C$39.50 and set a “buy” rating for the company in a research report on Thursday, July 30th. ATB Cormark Capital Markets decreased their price objective on shares of Hudbay Minerals from C$35.50 to C$35.00 and set an “outperform” rating on the stock in a report on Thursday, July 30th. Canadian Imperial Bank of Commerce lifted their target price on shares of Hudbay Minerals from C$42.00 to C$46.00 in a research report on Tuesday, April 21st. Finally, Barclays boosted their target price on shares of Hudbay Minerals from C$41.00 to C$45.00 in a research note on Thursday, July 16th.

Hudbay Minerals Stock Performance

Shares of HBM stock opened at C$36.28 on Monday. The company has a market capitalization of C$16.11 billion, a P/E ratio of 22.28, a P/E/G ratio of 3.97 and a beta of 2.31. The business’s 50 day moving average is C$34.58 and its two-hundred day moving average is C$33.50. The company has a current ratio of 2.24, a quick ratio of 0.85 and a debt-to-equity ratio of 19.04. Hudbay Minerals has a 12-month low of C$12.44 and a 12-month high of C$44.48.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted its quarterly earnings data on Wednesday, July 29th. The mining company reported C$0.40 EPS for the quarter. The business had revenue of C$896.94 million during the quarter. Hudbay Minerals had a return on equity of 18.41% and a net margin of 27.22%. Analysts expect that Hudbay Minerals will post 1.1220575 EPS for the current fiscal year.

Hudbay Minerals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 26th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.1%. The ex-dividend date was Tuesday, June 9th. Hudbay Minerals’s payout ratio is presently 1.32%.

About Hudbay Minerals

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.