Hudbay Minerals Inc. (TSE:HBM) Receives Average Recommendation of "Buy" from Analysts

Hudbay Minerals Inc. (TSE:HBM - Get Free Report) NYSE: HBM has been given an average recommendation of "Buy" by the fourteen ratings firms that are covering the firm, MarketBeat Ratings reports. Twelve research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$15.54.

HBM has been the subject of a number of research reports. Jefferies Financial Group boosted their price target on Hudbay Minerals from C$14.00 to C$15.00 in a research report on Friday, October 4th. Scotiabank increased their target price 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. Canaccord Genuity Group cut their price target on shares of Hudbay Minerals from C$16.00 to C$15.00 in a report on Monday, July 22nd. Stifel Nicolaus boosted their price objective on shares of 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. Finally, 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 report on Tuesday, September 10th.

Hudbay Minerals Trading Up 1.2 %

Shares of TSE HBM traded up C$0.14 during trading on Wednesday, hitting C$12.12. 2,442,183 shares of the company traded hands, compared to its average volume of 1,582,871. The firm has a market capitalization of C$4.77 billion, a P/E ratio of 32.38, 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 1.87 and a debt-to-equity ratio of 49.37. The company has a 50-day moving average price of C$11.90 and a 200-day moving average price of C$11.87. Hudbay Minerals has a 1 year low of C$5.83 and a 1 year high of C$14.33.

Hudbay Minerals Dividend Announcement

The firm also recently announced a 1 dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, September 20th were given a $0.02 dividend. This represents a yield of 0.09%. The ex-dividend date of this dividend was Friday, September 20th. Hudbay Minerals's dividend payout ratio is currently 5.41%.

Hudbay Minerals Company Profile

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.