Hudbay Minerals Inc. (TSE:HBM) Given Consensus Rating of "Buy" by Analysts

Shares of Hudbay Minerals Inc. (TSE:HBM - Get Free Report) NYSE: HBM have been given a consensus rating of "Buy" by the fourteen brokerages that are currently covering the company, Marketbeat Ratings reports. Twelve investment analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among analysts 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 research reports. Stifel Nicolaus increased their target price 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. Scotiabank boosted their price target on Hudbay Minerals from C$14.50 to C$15.00 and gave the stock an "outperform" rating in a report on Tuesday, October 8th. Canaccord Genuity Group dropped their price objective on Hudbay Minerals from C$16.00 to C$15.00 in a research report on Monday, July 22nd. National Bankshares boosted their target price on Hudbay Minerals from C$15.50 to C$16.75 and gave the stock an "outperform" rating in a research note on Tuesday. Finally, Eight Capital raised their price target on shares of Hudbay Minerals from C$14.50 to C$18.00 in a research note on Thursday, July 11th.

Hudbay Minerals Stock Performance

Shares of Hudbay Minerals stock traded up C$0.39 during trading on Friday, hitting C$13.10. 1,907,488 shares of the stock were exchanged, compared to its average volume of 1,586,498. The company has a current ratio of 1.87, a quick ratio of 0.85 and a debt-to-equity ratio of 49.37. The company has a fifty day moving average price of C$11.13 and a 200-day moving average price of C$11.58. The stock has a market capitalization of C$5.16 billion, a price-to-earnings ratio of 35.41, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83. Hudbay Minerals has a 1-year low of C$5.46 and a 1-year high of C$14.33.

Hudbay Minerals Announces Dividend

The business also recently declared a 1 dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, September 20th were paid a $0.02 dividend. The ex-dividend date was Friday, September 20th. This represents a yield of 0.09%. Hudbay Minerals's dividend payout ratio (DPR) 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.