Hudbay Minerals (TSE:HBM) Price Target Raised to C$43.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target increased by Raymond James Financial from C$42.00 to C$43.00 in a research note published on Wednesday,BayStreet reports.

Several other research analysts also recently commented on HBM. Stifel Nicolaus lifted their price objective on Hudbay Minerals from C$41.00 to C$43.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. BMO Capital Markets reduced their price target on Hudbay Minerals from C$46.00 to C$44.00 and set an “outperform” rating on the stock in a research report on Thursday, July 30th. Barclays lifted their price target on Hudbay Minerals from C$41.00 to C$45.00 in a research note on Thursday, July 16th. Royal Bank Of Canada boosted their price objective on Hudbay Minerals from C$40.00 to C$48.00 in a research report on Wednesday, September 16th. Finally, Jefferies Financial Group dropped their price objective on Hudbay Minerals from C$57.00 to C$50.00 in a research note on Monday, July 6th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Hudbay Minerals presently has an average rating of “Buy” and an average target price of C$42.03.

Hudbay Minerals Price Performance

HBM stock opened at C$38.78 on Wednesday. The firm has a market cap of C$17.22 billion, a P/E ratio of 23.82, a P/E/G ratio of 3.97 and a beta of 2.31. The firm’s fifty day moving average is C$37.38 and its 200 day moving average is C$34.75. 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 quick ratio of 0.85 and a current ratio of 2.24.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted its quarterly earnings results on Wednesday, July 29th. The mining company reported C$0.40 earnings per share for the quarter. Hudbay Minerals had a net margin of 27.22% and a return on equity of 18.41%. The business had revenue of C$896.94 million during the quarter. Research analysts predict that Hudbay Minerals will post 1.1220575 earnings per share for the current year.

Hudbay Minerals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 25th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.1%. Hudbay Minerals’s payout ratio is presently 1.32%.

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.