Hudbay Minerals (TSE:HBM) Price Target Raised to C$45.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target lifted by Barclays from C$41.00 to C$45.00 in a report published on Thursday,BayStreet.CA reports.

Several other brokerages have also issued reports on HBM. Jefferies Financial Group dropped their target price on Hudbay Minerals from C$57.00 to C$50.00 in a research report on Monday, July 6th. Scotiabank increased their price target on Hudbay Minerals from C$35.50 to C$44.00 and gave the stock a “sector outperform” rating in a report on Thursday, June 25th. National Bank Financial dropped their price objective on Hudbay Minerals from C$40.00 to C$38.50 and set a “sector perform” rating for the company in a report on Tuesday, July 14th. Canaccord Genuity Group cut their price objective on Hudbay Minerals from C$41.00 to C$40.00 in a research report on Monday, May 4th. Finally, BMO Capital Markets increased their target price on Hudbay Minerals from C$33.00 to C$39.00 in a research note on Wednesday, April 22nd. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$40.72.

Hudbay Minerals Trading Down 2.3%

HBM stock opened at C$28.58 on Thursday. Hudbay Minerals has a twelve month low of C$12.35 and a twelve month high of C$44.48. The stock has a market capitalization of C$12.69 billion, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 3.97 and a beta of 2.36. The company has a quick ratio of 0.85, a current ratio of 1.36 and a debt-to-equity ratio of 30.14. The firm’s fifty day simple moving average is C$35.43 and its two-hundred day simple moving average is C$33.21.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released its quarterly earnings results on Friday, May 1st. The mining company reported C$0.56 EPS for the quarter. The firm had revenue of C$1.05 billion during the quarter. Hudbay Minerals had a net margin of 27.86% and a return on equity of 20.70%. As a group, analysts anticipate 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. Shareholders of record on Friday, June 26th were issued a dividend of $0.01 per share. The ex-dividend date was Tuesday, June 9th. This represents a $0.04 dividend on an annualized basis and a yield of 0.1%. Hudbay Minerals’s dividend payout ratio is currently 0.87%.

About Hudbay Minerals

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.