National Bank Financial Cuts Hudbay Minerals (TSE:HBM) Price Target to C$5.50

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Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price cut by National Bank Financial from C$6.00 to C$5.50 in a research report released on Thursday morning, BayStreet.CA reports. They currently have a sector perform rating on the mining company’s stock.

Other research analysts have also recently issued research reports about the stock. Cormark lowered their target price on shares of Hudbay Minerals from C$11.50 to C$9.00 in a research note on Tuesday, July 23rd. BMO Capital Markets lowered their target price on shares of Hudbay Minerals from C$10.50 to C$10.00 in a research note on Friday, August 2nd. Canaccord Genuity lowered their target price on shares of Hudbay Minerals from C$9.00 to C$7.00 in a research note on Monday, August 12th. Haywood Securities lowered their target price on shares of Hudbay Minerals from C$9.00 to C$8.00 in a research note on Tuesday, August 6th. Finally, CSFB lowered their target price on shares of Hudbay Minerals from C$11.50 to C$8.75 in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of C$7.44.

Shares of HBM stock opened at C$5.27 on Thursday. Hudbay Minerals has a 1 year low of C$3.98 and a 1 year high of C$10.42. The firm has a fifty day moving average price of C$4.77 and a 200-day moving average price of C$7.21. The company has a debt-to-equity ratio of 49.69, a current ratio of 2.31 and a quick ratio of 1.78. The company has a market cap of $1.38 billion and a price-to-earnings ratio of -28.49.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its quarterly earnings data on Thursday, August 8th. The mining company reported C($0.06) earnings per share (EPS) for the quarter. The firm had revenue of C$440.65 million for the quarter, compared to analysts’ expectations of C$411.53 million. Equities research analysts expect that Hudbay Minerals will post 0.14 EPS for the current year.

The company also recently announced a Semi-Annual dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be paid a dividend of $0.01 per share. This represents a dividend yield of 0.23%. The ex-dividend date is Thursday, September 5th. Hudbay Minerals’s dividend payout ratio (DPR) is -8.27%.

In other news, insider Waterton Global Resource Management, Inc. bought 500,000 shares of the stock in a transaction that occurred on Wednesday, July 10th. The shares were bought at an average price of C$6.57 per share, for a total transaction of C$3,284,358.00. Following the purchase, the insider now owns 17,324,844 shares in the company, valued at C$113,801,979.98.

Hudbay Minerals Company Profile

Hudbay Minerals Inc, an integrated mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; and zinc metal. The company owns three polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru; and copper projects in Arizona and Nevada, the United States.

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Analyst Recommendations for Hudbay Minerals (TSE:HBM)

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