Analysts Set Hudbay Minerals Inc. (TSE:HBM) Target Price at C$40.56

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) has received a consensus recommendation of “Buy” from the twelve brokerages that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$40.47.

A number of equities analysts have recently commented on HBM shares. Scotiabank raised their target price on shares of Hudbay Minerals from C$35.50 to C$44.00 and gave the company a “sector outperform” rating in a research note on Thursday, June 25th. Canadian Imperial Bank of Commerce upped their price target on shares of Hudbay Minerals from C$42.00 to C$46.00 in a research report on Tuesday, April 21st. Canaccord Genuity Group lowered their price target on Hudbay Minerals from C$41.00 to C$40.00 in a report on Monday, May 4th. Jefferies Financial Group cut their price objective on Hudbay Minerals from C$57.00 to C$50.00 in a research report on Monday, July 6th. Finally, Barclays set a C$41.00 price objective on Hudbay Minerals and gave the company an “overweight” rating in a research report on Friday, May 22nd.

Hudbay Minerals Stock Down 2.3%

Shares of TSE:HBM opened at C$30.86 on Thursday. The stock has a 50-day simple moving average of C$35.61 and a 200-day simple moving average of C$33.23. The stock has a market capitalization of C$13.70 billion, a P/E ratio of 18.48, 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 company has a debt-to-equity ratio of 30.14, a quick ratio of 0.85 and a current ratio of 1.36.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its quarterly earnings results on Friday, May 1st. The mining company reported C$0.56 earnings per share for the quarter. Hudbay Minerals had a net margin of 27.86% and a return on equity of 20.70%. The firm had revenue of C$1.05 billion for the quarter. Equities analysts forecast that Hudbay Minerals will post 1.1220575 earnings per share for the current year.

Hudbay Minerals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 26th were paid a $0.01 dividend. The ex-dividend date was Tuesday, June 9th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.1%. Hudbay Minerals’s dividend payout ratio (DPR) 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.