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

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have earned an average recommendation of “Buy” from the fourteen brokerages that are currently covering the firm, Marketbeat reports. Twelve analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$15.54.

HBM has been the topic of a number of recent analyst reports. Stifel Nicolaus increased 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. Jefferies Financial Group raised their price target on Hudbay Minerals from C$14.00 to C$15.00 in a research note on Friday, October 4th. Royal Bank of Canada dropped 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 research note on Tuesday, September 10th. Stifel Canada raised shares of Hudbay Minerals to a “strong-buy” rating in a research report on Monday, July 22nd. Finally, Scotiabank upped their price target on shares of Hudbay Minerals from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th.

Hudbay Minerals Stock Down 1.2 %

Shares of TSE:HBM opened at C$11.98 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 1.87 and a debt-to-equity ratio of 49.37. The company has a market capitalization of C$4.72 billion, a P/E ratio of 32.38, a P/E/G ratio of 3.97 and a beta of 1.83. Hudbay Minerals has a 52-week low of C$5.62 and a 52-week high of C$14.33. The stock’s fifty day simple moving average is C$11.90 and its 200-day simple moving average is C$11.87.

Hudbay Minerals Announces Dividend

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