Hudbay Minerals Inc. (TSE:HBM) Given Average Recommendation of "Buy" by Analysts

Shares of Hudbay Minerals Inc. (TSE:HBM - Get Free Report) NYSE: HBM have received a consensus rating of "Buy" from the fourteen analysts that are covering the company, MarketBeat reports. Eleven equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is C$15.64.

Several research analysts have weighed in on the company. Royal Bank of Canada boosted their price objective on Hudbay Minerals from C$15.00 to C$16.00 and gave the stock an "outperform" rating in a research report on Thursday, March 13th. Canaccord Genuity Group cut their price target on shares of Hudbay Minerals from C$15.50 to C$14.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Scotiabank reduced their price target on shares of Hudbay Minerals from C$14.00 to C$13.50 and set an "outperform" rating for the company in a research report on Friday, March 28th. Stifel Nicolaus lifted their price objective on shares of Hudbay Minerals from C$16.00 to C$16.50 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Finally, Jefferies Financial Group boosted their target price on shares of Hudbay Minerals from C$14.00 to C$17.00 in a research note on Friday, April 4th.

Hudbay Minerals Stock Down 0.4 %

HBM stock traded down C$0.04 during trading on Tuesday, reaching C$9.74. The stock had a trading volume of 1,347,269 shares, compared to its average volume of 1,924,129. Hudbay Minerals has a one year low of C$8.49 and a one year high of C$14.33. The company's 50 day moving average is C$10.71 and its two-hundred day moving average is C$11.88. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39. The company has a market capitalization of C$2.70 billion, a price-to-earnings ratio of 27.43, a P/E/G ratio of 3.97 and a beta of 1.83.

Hudbay Minerals Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 21st were issued a $0.01 dividend. This represents a dividend yield of 0.1%. The ex-dividend date of this dividend was Tuesday, March 4th. Hudbay Minerals's payout ratio is 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 that occurred on Friday, February 21st. The shares were bought at an average price of C$10.76 per share, for a total transaction of C$100,068.00. Also, Senior Officer Francisco Javier Del Rio Del Aguila sold 12,959 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of C$12.00, for a total value of C$155,508.00. Over the last 90 days, insiders bought 11,800 shares of company stock valued at $127,418. Corporate 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.