HudBay Minerals Inc (NYSE:HBM) Declares Quarterly Dividend of C$0.01

HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) announced a quarterly dividend on Wednesday, November 11th. Shareholders of record on Tuesday, December 1st will be paid a dividend of C$0.01 per share by the mining company on Friday, December 18th. This represents a $0.04 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, December 1st.

HudBay Minerals has a payout ratio of 3.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect HudBay Minerals to earn $1.65 per share next year, which means the company should continue to be able to cover its $0.02 annual dividend with an expected future payout ratio of 1.2%.

HudBay Minerals Stock Down 1.4%

NYSE HBM opened at $21.62 on Friday. HudBay Minerals has a 1 year low of $14.34 and a 1 year high of $32.15. The stock has a market capitalization of $9.60 billion, a PE ratio of 12.72, a PEG ratio of 0.40 and a beta of 1.62. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.24 and a quick ratio of 1.93. The business’s 50-day moving average is $24.87 and its 200 day moving average is $24.75.

HudBay Minerals (NYSE:HBM) (TSE:HBM) last released its quarterly earnings results on Thursday, November 12th. The mining company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). HudBay Minerals had a net margin of 27.48% and a return on equity of 9.47%. The business had revenue of $765.90 million for the quarter, compared to the consensus estimate of $730.19 million. Sell-side analysts forecast that HudBay Minerals will post 1.39 earnings per share for the current year.

About HudBay Minerals

Hudbay Minerals, now known as Hudbay Inc., is a mining company focused on the discovery, development and operation of copper and other metal deposits. Its products include copper, zinc, gold, silver and molybdenum. The company operates the Constancia mine in Peru and mining and processing assets in Manitoba, Canada, including the Lalor mine. In British Columbia, Hudbay operates the Copper Mountain mine. It also advances copper exploration and development projects in the United States, including projects in Arizona.