Stifel Nicolaus Issues Positive Forecast for Hudbay Minerals (TSE:HBM) Stock Price

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price objective boosted by Stifel Nicolaus from C$20.00 to C$28.00 in a report issued on Tuesday morning,BayStreet.CA reports.

Other analysts have also recently issued reports about the company. The Goldman Sachs Group raised Hudbay Minerals to a “buy” rating in a research report on Monday, September 8th. Scotiabank lifted their price objective on Hudbay Minerals from C$18.50 to C$25.00 and gave the company an “outperform” rating in a research report on Tuesday, October 14th. Raymond James Financial lifted their price objective on Hudbay Minerals from C$17.00 to C$18.50 in a research report on Thursday, August 21st. Veritas raised Hudbay Minerals to a “strong-buy” rating in a research report on Monday, July 7th. Finally, National Bankshares boosted their price target on Hudbay Minerals from C$22.00 to C$25.00 in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$21.73.

Hudbay Minerals Trading Down 7.5%

TSE HBM opened at C$21.34 on Tuesday. The company has a market capitalization of C$8.44 billion, a price-to-earnings ratio of 29.23, a PEG ratio of 3.97 and a beta of 2.21. The stock’s 50-day simple moving average is C$19.17 and its two-hundred day simple moving average is C$14.66. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39. Hudbay Minerals has a twelve month low of C$8.49 and a twelve month high of C$24.75.

Hudbay Minerals Announces Dividend

The firm also recently disclosed a half year 25 dividend, which was paid on Friday, September 19th. Investors of record on Friday, September 19th were given a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a yield of 6.0%. Hudbay Minerals’s dividend payout ratio is 1.96%.

About Hudbay Minerals

Hudbay Minerals Inc is a Canadian mining company with its operations, property developments, and exploration activities across the United States. The major mines that Hudbay operates are located in Manitoba, Canada, Arizona, United States; and Peru. The company is principally focused on the discovery, production, and marketing of base and precious metals.