Hudbay Minerals Inc. (TSE:HBM) Receives Average Rating of “Buy” from Brokerages

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have been given an average rating of “Buy” by the fourteen brokerages that are presently covering the firm, MarketBeat.com reports. Twelve investment analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$15.34.

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus raised their price target on Hudbay Minerals from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Canaccord Genuity Group reduced their target price on shares of Hudbay Minerals from C$16.00 to C$15.00 in a research note on Monday, July 22nd. CIBC boosted their target price on shares of Hudbay Minerals from C$14.50 to C$15.50 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. Cormark raised their price target on shares of Hudbay Minerals from C$13.50 to C$15.00 and gave the company a “buy” rating in a report on Monday, May 27th. Finally, Royal Bank of Canada decreased their price objective on shares of Hudbay Minerals from C$18.00 to C$16.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th.

Hudbay Minerals Stock Up 3.0 %

Shares of Hudbay Minerals stock opened at C$10.95 on Tuesday. Hudbay Minerals has a 1 year low of C$5.46 and a 1 year high of C$14.33. The company has a market cap of C$4.31 billion, a P/E ratio of 29.59, a P/E/G ratio of 3.97 and a beta of 1.82. The company has a current ratio of 1.87, a quick ratio of 0.85 and a debt-to-equity ratio of 49.37. The stock has a 50-day moving average price of C$10.58 and a 200 day moving average price of C$11.17.

Hudbay Minerals Dividend Announcement

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