Brokerages Set Hudbay Minerals Inc. (TSE:HBM) Price Target at C$39.10

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have received an average rating of “Buy” from the fourteen ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and three have issued a strong buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is C$39.22.

Several equities research analysts recently issued reports on the company. Royal Bank Of Canada boosted their price target on Hudbay Minerals from C$28.00 to C$40.00 in a research note on Thursday, March 12th. BMO Capital Markets boosted their price target on Hudbay Minerals from C$33.00 to C$39.00 in a research note on Wednesday, April 22nd. Canaccord Genuity Group cut their price target on Hudbay Minerals from C$41.00 to C$40.00 in a research note on Monday, May 4th. 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. Finally, Desjardins set a C$40.00 target price on Hudbay Minerals and gave the stock a “buy” rating in a research note on Thursday, March 5th.

Hudbay Minerals Trading Down 0.1%

Shares of HBM stock opened at C$36.64 on Wednesday. The firm has a 50 day moving average price of C$31.90 and a two-hundred day moving average price of C$30.23. The company has a quick ratio of 0.85, a current ratio of 1.36 and a debt-to-equity ratio of 30.14. The company has a market capitalization of C$14.55 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 3.97 and a beta of 2.34. Hudbay Minerals has a 12-month low of C$12.06 and a 12-month high of C$38.94.

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

Hudbay Minerals Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 27th were paid a dividend of $0.01 per share. The ex-dividend date was Tuesday, March 10th. This represents a yield of 3.0%. Hudbay Minerals’s dividend payout ratio is presently 0.87%.

Insiders Place Their Bets

In other Hudbay Minerals news, insider Eugene Chi-Yen Lei bought 1,000 shares of the business’s stock in a transaction on Friday, March 27th. The stock was purchased at an average cost of C$26.85 per share, for a total transaction of C$26,850.00. Following the completion of the purchase, the insider directly owned 195,847 shares of the company’s stock, valued at approximately C$5,258,491.95. This trade represents a 0.51% increase in their ownership of the stock. 0.07% of the stock is owned by insiders.

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.