Brokerages Set Hudbay Minerals Inc. (TSE:HBM) PT at C$40.91

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) has been given an average recommendation of “Buy” by the thirteen analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$40.91.

Several equities research analysts recently weighed in on HBM shares. Barclays raised their price objective on Hudbay Minerals from C$41.00 to C$45.00 in a report on Thursday, July 16th. Jefferies Financial Group lowered their target price on Hudbay Minerals from C$57.00 to C$50.00 in a report on Monday, July 6th. ATB Cormark Capital Markets dropped their target price on Hudbay Minerals from C$35.50 to C$35.00 and set an “outperform” rating for the company in a research report on Thursday, July 30th. Stifel Nicolaus lifted their price target on Hudbay Minerals from C$41.00 to C$43.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Finally, Canaccord Genuity Group reduced their price target on Hudbay Minerals from C$40.00 to C$39.50 and set a “buy” rating on the stock in a report on Thursday, July 30th.

Hudbay Minerals Price Performance

Shares of TSE:HBM opened at C$38.43 on Monday. Hudbay Minerals has a one year low of C$12.83 and a one year high of C$44.48. The company has a debt-to-equity ratio of 19.04, a current ratio of 2.24 and a quick ratio of 0.85. The company has a market cap of C$17.07 billion, a price-to-earnings ratio of 23.60, a PEG ratio of 3.97 and a beta of 2.31. The firm has a 50 day simple moving average of C$34.50 and a 200 day simple moving average of C$33.58.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted its earnings results on Wednesday, July 29th. The mining company reported C$0.40 earnings per share for the quarter. The firm had revenue of C$896.94 million for the quarter. Hudbay Minerals had a net margin of 27.22% and a return on equity of 18.41%. Research analysts predict that Hudbay Minerals will post 1.1220575 earnings per share for the current fiscal year.

Hudbay Minerals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 26th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Tuesday, June 9th. Hudbay Minerals’s dividend payout ratio (DPR) is 1.32%.

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.