Hudbay Minerals Inc. (TSE:HBM) Given Average Recommendation of “Moderate Buy” by Brokerages

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) has been given a consensus recommendation of “Moderate Buy” by the twelve research firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$11.06.

A number of analysts recently issued reports on HBM shares. Scotiabank raised their price target on Hudbay Minerals from C$10.50 to C$11.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th. Eight Capital lifted their target price on Hudbay Minerals from C$12.00 to C$14.50 and gave the stock a “buy” rating in a research report on Monday, April 22nd. National Bankshares lifted their target price on Hudbay Minerals from C$8.50 to C$8.75 and gave the stock a “sector perform” rating in a research report on Monday, February 26th. Stifel Nicolaus set a C$11.25 target price on Hudbay Minerals and gave the stock a “buy” rating in a research report on Tuesday, March 26th. Finally, CIBC lifted their target price on Hudbay Minerals from C$11.00 to C$13.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 17th.

Hudbay Minerals Trading Up 6.3 %

Shares of HBM opened at C$11.80 on Friday. The company has a debt-to-equity ratio of 62.93, a current ratio of 1.25 and a quick ratio of 0.85. Hudbay Minerals has a 1 year low of C$5.46 and a 1 year high of C$11.82. The company has a 50 day simple moving average of C$9.23 and a two-hundred day simple moving average of C$7.59. The firm has a market cap of C$4.14 billion, a P/E ratio of 39.33, a price-to-earnings-growth ratio of 3.97 and a beta of 1.96.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted its earnings results on Friday, February 23rd. The mining company reported C$0.27 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.15 by C$0.12. Hudbay Minerals had a net margin of 3.93% and a return on equity of 3.68%. The firm had revenue of C$819.90 million during the quarter, compared to analyst estimates of C$710.46 million. On average, equities analysts expect that Hudbay Minerals will post 0.681388 earnings per share for the current fiscal year.

Hudbay Minerals Dividend Announcement

The business also recently announced a 1 dividend, which was paid on Tuesday, March 5th. Shareholders of record on Friday, March 22nd were issued a $0.02 dividend. This represents a yield of 0.13%. The ex-dividend date was Friday, March 22nd. Hudbay Minerals’s payout ratio is currently 6.67%.

Insider Buying and Selling at Hudbay Minerals

In other news, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of C$6.01, for a total transaction of C$117,188.99. In other Hudbay Minerals news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$9.45, for a total value of C$46,446.75. Also, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of C$6.01, for a total value of C$117,188.99. 0.07% of the stock is owned by company insiders.

Hudbay Minerals Company Profile

Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.