Hudbay Minerals Inc. (TSE:HBM) Receives C$15.18 Average Price Target from Brokerages

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) has earned an average rating of “Buy” from the fifteen brokerages that are covering the firm, MarketBeat Ratings reports. Thirteen analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is C$15.18.

HBM has been the subject of a number of recent analyst reports. TD Securities dropped their price target on shares of Hudbay Minerals from C$15.00 to C$14.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Royal Bank of Canada upped their price objective on Hudbay Minerals from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a report on Thursday, March 13th. Canaccord Genuity Group cut their target price on Hudbay Minerals from C$15.50 to C$14.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Stifel Canada upgraded Hudbay Minerals to a “strong-buy” rating in a research note on Wednesday, March 19th. Finally, Stifel Nicolaus raised their price objective on Hudbay Minerals from C$16.00 to C$16.50 and gave the stock a “buy” rating in a report on Thursday, January 30th.

Hudbay Minerals Trading Down 1.9 %

TSE:HBM opened at C$11.67 on Friday. The company has a market capitalization of C$3.24 billion, a PE ratio of 32.86, a P/E/G ratio of 3.97 and a beta of 1.83. 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 52-week low of C$9.08 and a 52-week high of C$14.33. The stock’s 50 day moving average price is C$11.67 and its 200 day moving average price is C$11.91.

Hudbay Minerals Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 21st were paid a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a dividend yield of 0.1%. Hudbay Minerals’s dividend payout ratio (DPR) is presently 5.63%.

Insider Activity at Hudbay Minerals

In other Hudbay Minerals news, Director Peter Gerald Jan Kukielski acquired 9,300 shares of the stock in a transaction on Friday, February 21st. The stock was purchased at an average price of C$10.76 per share, for a total transaction of C$100,068.00. Company insiders own 0.07% of the company’s stock.

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.