Hudbay Minerals (TSE:HBM) Price Target Raised to C$43.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target hoisted by Stifel Nicolaus from C$41.00 to C$43.00 in a research report released on Tuesday morning,BayStreet.CA reports. They currently have a buy rating on the mining company’s stock.

A number of other brokerages have also recently issued reports on HBM. Canaccord Genuity Group dropped their target price on shares of Hudbay Minerals from C$41.00 to C$40.00 in a research report on Monday, May 4th. BMO Capital Markets upped their price objective on shares of Hudbay Minerals from C$33.00 to C$39.00 in a research note on Wednesday, April 22nd. Jefferies Financial Group dropped their price objective on shares of Hudbay Minerals from C$57.00 to C$50.00 in a report on Monday, July 6th. National Bank Financial reduced their target price on Hudbay Minerals from C$40.00 to C$38.50 and set a “sector perform” rating on the stock in a report on Tuesday, July 14th. Finally, Barclays increased their price target on Hudbay Minerals from C$41.00 to C$45.00 in a research report on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$40.84.

Hudbay Minerals Trading Down 3.9%

Shares of HBM opened at C$31.83 on Tuesday. The company has a current ratio of 1.36, a quick ratio of 0.85 and a debt-to-equity ratio of 30.14. The stock has a market cap of C$14.13 billion, a PE ratio of 19.06, a PEG ratio of 3.97 and a beta of 2.36. Hudbay Minerals has a 1 year low of C$12.35 and a 1 year high of C$44.48. The stock has a 50 day simple moving average of C$35.01 and a 200-day simple moving average of C$33.38.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its quarterly earnings results on Friday, May 1st. The mining company reported C$0.56 EPS for the quarter. Hudbay Minerals had a return on equity of 20.70% and a net margin of 27.86%.The business had revenue of C$1.05 billion for the quarter. On average, sell-side analysts predict that Hudbay Minerals will post 1.1220575 EPS for the current fiscal year.

Hudbay Minerals Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 26th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Tuesday, June 9th. Hudbay Minerals’s dividend payout ratio is 0.87%.

Hudbay Minerals Company Profile

Hudbay (TSX, NYSE: HBM) is a copper-focused critical minerals mining company with three long-life operations and a world-class pipeline of copper growth projects in tier-one mining jurisdictions of Canada, Peru and the United States. Hudbay’s operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the Company, which is complemented by meaningful gold production and by-product zinc, silver and molybdenum.