Hudbay Minerals (TSE:HBM) Price Target Raised to C$39.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price objective increased by BMO Capital Markets from C$33.00 to C$39.00 in a research report report published on Wednesday morning,BayStreet.CA reports.

HBM has been the topic of a number of other reports. Jefferies Financial Group upped their target price on Hudbay Minerals from C$31.00 to C$37.00 in a research note on Monday, January 19th. Canadian Imperial Bank of Commerce increased their price objective on Hudbay Minerals from C$42.00 to C$46.00 in a research report on Tuesday. Royal Bank Of Canada increased their price objective on Hudbay Minerals from C$28.00 to C$40.00 in a research report on Thursday, March 12th. National Bank Financial lowered Hudbay Minerals from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from C$28.00 to C$40.00 in a research report on Thursday, January 29th. Finally, Raymond James Financial increased their price objective on Hudbay Minerals from C$34.00 to C$36.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$39.17.

Hudbay Minerals Price Performance

Shares of TSE HBM opened at C$33.18 on Wednesday. The firm has a market capitalization of C$13.18 billion, a P/E ratio of 23.04, a P/E/G ratio of 3.97 and a beta of 2.28. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 33.86. The stock’s 50-day simple moving average is C$31.83 and its two-hundred day simple moving average is C$28.54. Hudbay Minerals has a twelve month low of C$9.67 and a twelve month high of C$38.94.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its earnings results on Friday, February 20th. The mining company reported C$0.30 earnings per share for the quarter. The business had revenue of C$1.50 billion for the quarter. Hudbay Minerals had a return on equity of 19.30% and a net margin of 25.80%. As a group, equities analysts anticipate that Hudbay Minerals will post 1.1220575 EPS for the current fiscal year.

Hudbay Minerals Announces Dividend

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

Insider Activity at Hudbay Minerals

In other news, insider Eugene Chi-Yen Lei acquired 1,000 shares of Hudbay Minerals stock in a transaction dated Friday, March 27th. The shares were purchased at an average cost of C$26.85 per share, for a total transaction of C$26,850.00. Following the transaction, the insider owned 195,847 shares of the company’s stock, valued at C$5,258,491.95. This trade represents a 0.51% increase in their ownership of the stock. Company 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.