HudBay Minerals Inc (HBM) To Go Ex-Dividend on September 8th

HudBay Minerals Inc (NYSE:HBMGet Free Report) (TSE:HBM) declared a quarterly dividend on Tuesday, July 28th. Shareholders of record on Tuesday, September 8th will be given a dividend of 0.01 per share by the mining company on Friday, September 25th. This represents a c) dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Tuesday, September 8th.

HudBay Minerals has a payout ratio of 3.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect HudBay Minerals to earn $1.93 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 1.0%.

HudBay Minerals Stock Performance

Shares of NYSE HBM opened at $21.94 on Thursday. The company has a current ratio of 1.36, a quick ratio of 1.20 and a debt-to-equity ratio of 0.14. HudBay Minerals has a 12 month low of $8.93 and a 12 month high of $32.15. The company has a 50 day simple moving average of $24.72 and a two-hundred day simple moving average of $24.14. The stock has a market cap of $9.75 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 0.34 and a beta of 1.48.

HudBay Minerals (NYSE:HBMGet Free Report) (TSE:HBM) last released its quarterly earnings data on Wednesday, July 29th. The mining company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. HudBay Minerals had a net margin of 27.75% and a return on equity of 10.04%. The firm had revenue of $631.30 million for the quarter, compared to analyst estimates of $632.43 million. During the same quarter in the prior year, the business earned $0.19 earnings per share. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. As a group, analysts predict that HudBay Minerals will post 1.55 earnings per share for the current year.

HudBay Minerals Company Profile

(Get Free Report)

HudBay Minerals Inc is a Canada-based mining company engaged in the exploration, development and production of base and precious metals. Its primary products include copper, zinc, gold and silver concentrates, which are sold to smelters and refiners worldwide. The company’s operations span multiple stages of the mining cycle, from resource definition and feasibility studies to mine construction, extraction and reclamation.

The company traces its roots back to 1927, when it was established as Hudson Bay Mining & Smelting Co Limited.

See Also

Dividend History for HudBay Minerals (NYSE:HBM)

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