Hudbay Minerals Inc. Plans Quarterly Dividend of $0.01 (TSE:HBM)

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) announced a quarterly dividend on Tuesday, September 8th. Shareholders of record on Friday, September 25th will be paid a dividend of 0.01 per share by the mining company on Friday, September 25th. This represents a c) annualized dividend and a yield of 0.1%. The ex-dividend date is Tuesday, September 8th.

Hudbay Minerals Trading Down 0.7%

TSE:HBM opened at C$37.94 on Friday. The company has a quick ratio of 0.85, a current ratio of 2.24 and a debt-to-equity ratio of 19.04. The business’s 50 day moving average is C$34.89 and its two-hundred day moving average is C$34.23. Hudbay Minerals has a 52 week low of C$17.33 and a 52 week high of C$44.48. The company has a market cap of C$16.85 billion, a PE ratio of 23.30, a P/E/G ratio of 3.97 and a beta of 2.31.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its quarterly earnings results on Wednesday, July 29th. The mining company reported C$0.40 earnings per share 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%. On average, analysts predict that Hudbay Minerals will post 1.1220575 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HBM. Raymond James Financial raised their price target 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. Canaccord Genuity Group lowered their price objective on Hudbay Minerals from C$40.00 to C$39.50 and set a “buy” rating for the company in a research note on Thursday, July 30th. BMO Capital Markets dropped their target price on Hudbay Minerals from C$46.00 to C$44.00 and set an “outperform” rating on the stock in a research report on Thursday, July 30th. Barclays increased their target price on Hudbay Minerals from C$41.00 to C$45.00 in a research report on Thursday, July 16th. Finally, Scotiabank reduced their price target on shares of Hudbay Minerals from C$44.00 to C$43.00 and set a “sector outperform” rating for the company in a report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$41.28.

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.