Hudbay Minerals Inc. (NYSE:HBM – Get Free Report) (TSE:HBM) has been given a consensus recommendation of “Buy” by the six ratings firms that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $11.17.
A number of analysts have recently weighed in on HBM shares. Jefferies Financial Group upgraded Hudbay Minerals from a “hold” rating to a “buy” rating in a research report on Wednesday, August 14th. StockNews.com cut Hudbay Minerals from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Finally, Stifel Canada upgraded Hudbay Minerals to a “strong-buy” rating in a research report on Monday, July 22nd.
Read Our Latest Analysis on Hudbay Minerals
Institutional Trading of Hudbay Minerals
Hudbay Minerals Trading Up 2.1 %
NYSE:HBM opened at $9.40 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.86 and a debt-to-equity ratio of 0.47. The business’s 50 day moving average is $7.88 and its two-hundred day moving average is $8.32. Hudbay Minerals has a 52 week low of $3.94 and a 52 week high of $10.49. The company has a market cap of $3.70 billion, a PE ratio of 40.87 and a beta of 1.77.
Hudbay Minerals Cuts Dividend
The firm also recently announced a Semi-Annual dividend, which was paid on Friday, September 20th. Investors of record on Tuesday, September 3rd were given a $0.007 dividend. This represents a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, September 3rd. Hudbay Minerals’s dividend payout ratio is currently 4.35%.
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.
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