Hudbay Minerals Inc. (TSE:HBM) Receives Average Recommendation of “Buy” from Brokerages

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) has been assigned an average recommendation of “Buy” from the ten research firms that are presently covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$16.83.

HBM has been the subject of a number of research analyst reports. Scotiabank boosted their target price on shares of Hudbay Minerals from C$14.00 to C$15.50 in a research note on Monday, June 16th. Raymond James Financial boosted their price objective on shares of Hudbay Minerals from C$17.00 to C$18.50 in a report on Thursday. Royal Bank Of Canada boosted their price objective on shares of Hudbay Minerals from C$16.00 to C$17.00 and gave the company an “outperform” rating in a report on Wednesday, June 4th. Desjardins upped their price target on shares of Hudbay Minerals from C$16.00 to C$17.00 and gave the company a “buy” rating in a report on Thursday, May 22nd. Finally, Stifel Nicolaus boosted their price objective on shares of Hudbay Minerals from C$17.00 to C$20.00 and gave the stock a “buy” rating in a research report on Thursday, August 14th.

Hudbay Minerals Trading Up 3.9%

Shares of HBM stock opened at C$16.28 on Monday. Hudbay Minerals has a 12-month low of C$8.49 and a 12-month high of C$16.69. The company has a market capitalization of C$4.52 billion, a P/E ratio of 45.84, a P/E/G ratio of 3.97 and a beta of 1.83. The firm has a 50-day moving average price of C$13.99 and a 200 day moving average price of C$12.13. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39.

Hudbay Minerals Dividend Announcement

The company also recently declared a half year 25 dividend, which will be paid on Friday, September 19th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.01 per share. Hudbay Minerals’s dividend payout ratio (DPR) is currently 5.63%.

Insider Activity

In other news, Director Gregory Paul Dryden sold 30,000 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of C$13.21, for a total value of C$396,204.00. Also, Senior Officer Mark Zachary Gupta sold 2,874 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of C$13.25, for a total transaction of C$38,080.50. 0.07% of the stock is owned by corporate insiders.

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.