Hudbay Minerals Inc. (TSE:HBM) Stock Rated “Buy” by Wall Street Analysts

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have received an average recommendation of “Buy” from the twelve ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$41.78.

Several equities research analysts have recently issued reports on HBM shares. Raymond James Financial increased their price objective on shares of Hudbay Minerals from C$41.00 to C$42.00 and gave the stock an “outperform” rating in a research report on Friday, September 4th. Barclays upped their price target on shares of Hudbay Minerals from C$41.00 to C$45.00 in a research report on Thursday, July 16th. Royal Bank Of Canada increased their price target on Hudbay Minerals from C$40.00 to C$48.00 in a report on Wednesday, September 16th. ATB Cormark Capital Markets lowered their price target on Hudbay Minerals from C$35.50 to C$35.00 and set an “outperform” rating for the company in a report on Thursday, July 30th. Finally, Stifel Nicolaus raised their price objective on Hudbay Minerals from C$41.00 to C$43.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st.

Hudbay Minerals Stock Up 0.6%

HBM opened at C$37.65 on Tuesday. The firm has a 50 day moving average price of C$36.73 and a 200 day moving average price of C$34.47. The company has a market cap of C$16.72 billion, a PE ratio of 23.13, a price-to-earnings-growth ratio of 3.97 and a beta of 2.31. Hudbay Minerals has a 1 year low of C$19.37 and a 1 year high of C$44.48. The company has a debt-to-equity ratio of 19.04, a quick ratio of 0.85 and a current ratio of 2.24.

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

Hudbay Minerals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 25th were paid a $0.01 dividend. The ex-dividend date was Tuesday, September 8th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.1%. Hudbay Minerals’s dividend payout ratio (DPR) is 1.32%.

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.