Hudbay Minerals Inc. (TSE:HBM) Receives C$39.17 Consensus PT from Analysts

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have been assigned a consensus recommendation of “Buy” from the thirteen research firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation, ten have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$39.17.

A number of equities analysts have commented on the stock. TD Securities lifted their price objective on shares of Hudbay Minerals from C$17.00 to C$43.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. UBS Group set a C$34.50 price objective on shares of Hudbay Minerals and gave the stock a “buy” rating in a research report on Friday, January 9th. ATB Cormark Capital Markets lifted their price objective on shares of Hudbay Minerals from C$26.00 to C$37.50 and gave the stock an “outperform” rating in a research report on Monday, February 23rd. Canaccord Genuity Group lifted their price objective on shares of Hudbay Minerals from C$39.00 to C$41.00 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. Finally, Jefferies Financial Group lifted their price objective on shares of Hudbay Minerals from C$31.00 to C$37.00 in a research report on Monday, January 19th.

Hudbay Minerals Trading Down 1.3%

HBM stock opened at C$31.02 on Friday. The company has a debt-to-equity ratio of 33.86, a current ratio of 0.95 and a quick ratio of 0.85. The company has a fifty day moving average price of C$31.61 and a two-hundred day moving average price of C$28.78. Hudbay Minerals has a one year low of C$10.11 and a one year high of C$38.94. The stock has a market cap of C$12.32 billion, a price-to-earnings ratio of 21.54, a price-to-earnings-growth ratio of 3.97 and a beta of 2.28.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released its quarterly earnings data on Friday, May 1st. The mining company reported C$0.56 EPS for the quarter. Hudbay Minerals had a net margin of 25.80% and a return on equity of 19.30%. The firm had revenue of C$1.05 billion during the quarter. Equities analysts anticipate that Hudbay Minerals will post 1.1220575 EPS for the current year.

Hudbay Minerals Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 27th were given a $0.01 dividend. This represents a dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, March 10th. Hudbay Minerals’s payout ratio is presently 0.99%.

Insider Activity

In other Hudbay Minerals news, insider Eugene Chi-Yen Lei bought 1,000 shares of Hudbay Minerals stock in a transaction dated Friday, March 27th. The stock was bought at an average price of C$26.85 per share, with a total value of C$26,850.00. Following the completion of the transaction, the insider owned 195,847 shares in the company, valued at C$5,258,491.95. The trade was a 0.51% increase in their position. Insiders own 0.07% of the company’s stock.

About Hudbay Minerals

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.