Hudbay Minerals Inc. (HBM.TO) – What Are Brokerages Thinking About This Stock?

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have received an average recommendation of “Buy” from the thirteen analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is C$42.58.

HBM has been the topic of several analyst reports. Scotiabank lowered their target price on shares of Hudbay Minerals from C$44.00 to C$43.00 and set a “sector outperform” rating on the stock in a report on Thursday, July 30th. Raymond James Financial cut their price target on shares of Hudbay Minerals from C$43.00 to C$42.00 and set an “outperform” rating for the company in a report on Thursday, October 22nd. Haywood Securities boosted their price target on shares of Hudbay Minerals from C$43.00 to C$45.00 in a research report on Wednesday, September 30th. Canaccord Genuity Group cut 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 report on Thursday, July 30th. Finally, Stifel Nicolaus increased their price target on shares of 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 Performance

Hudbay Minerals stock opened at C$31.16 on Wednesday. The firm has a market capitalization of C$13.84 billion, a P/E ratio of 19.14, a P/E/G ratio of 3.97 and a beta of 2.22. The stock has a fifty day moving average price of C$35.28 and a two-hundred day moving average price of C$34.44. Hudbay Minerals has a 52-week low of C$20.26 and a 52-week high of C$44.48. The company has a debt-to-equity ratio of 19.04, a current ratio of 2.24 and a quick ratio of 0.85.

Hudbay Minerals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 25th were issued a $0.01 dividend. The ex-dividend date was Tuesday, September 8th. This represents a $0.04 annualized dividend and a 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.