Hudbay Minerals Inc. (TSE:HBM) Receives C$15.54 Consensus Target Price from Brokerages

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) has received a consensus recommendation of “Buy” from the fourteen analysts that are covering the company, Marketbeat.com reports. Twelve analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$15.54.

HBM has been the subject of a number of recent analyst reports. Scotiabank raised their price target on shares of Hudbay Minerals from C$14.50 to C$15.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Stifel Canada upgraded shares of Hudbay Minerals to a “strong-buy” rating in a research note on Monday, July 22nd. Stifel Nicolaus increased their price objective on shares of Hudbay Minerals from C$15.00 to C$16.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Canaccord Genuity Group reduced their price objective on shares of Hudbay Minerals from C$16.00 to C$15.00 in a research note on Monday, July 22nd. Finally, Royal Bank of Canada reduced their price objective on shares of Hudbay Minerals from C$18.00 to C$16.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 10th.

Hudbay Minerals Price Performance

HBM opened at C$12.01 on Wednesday. The company has a fifty day simple moving average of C$12.01 and a 200 day simple moving average of C$11.90. The firm has a market cap of C$4.73 billion, a price-to-earnings ratio of 32.46, a PEG ratio of 3.97 and a beta of 1.83. Hudbay Minerals has a twelve month low of C$5.88 and a twelve month high of C$14.33. The company has a current ratio of 1.87, a quick ratio of 0.85 and a debt-to-equity ratio of 49.37.

Hudbay Minerals Dividend Announcement

The firm also recently declared a 1 dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, September 20th were given a $0.02 dividend. The ex-dividend date was Friday, September 20th. This represents a dividend yield of 0.09%. Hudbay Minerals’s payout ratio is currently 5.41%.

About Hudbay Minerals

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.