Hudbay Minerals (TSE:HBM) Reaches New 52-Week Low at $4.19

Shares of Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) hit a new 52-week low during trading on Thursday . The company traded as low as C$4.19 and last traded at C$4.32, with a volume of 670788 shares. The stock had previously closed at C$4.23.

HBM has been the subject of a number of research analyst reports. Haywood Securities dropped their price target on Hudbay Minerals from C$9.00 to C$8.00 in a research note on Tuesday, August 6th. Raymond James dropped their price target on Hudbay Minerals from C$8.00 to C$7.50 and set a “market perform” rating for the company in a research note on Monday. CIBC dropped their price target on Hudbay Minerals from C$9.00 to C$7.00 in a research note on Tuesday, August 6th. BMO Capital Markets lowered their price objective on Hudbay Minerals from C$10.50 to C$10.00 in a research report on Friday, August 2nd. Finally, National Bank Financial lowered their price objective on Hudbay Minerals from C$9.00 to C$6.00 and set an “outperform” rating for the company in a research report on Monday. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Hudbay Minerals presently has a consensus rating of “Hold” and a consensus target price of C$7.98.

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 firm has a market cap of $1.18 billion and a PE ratio of -23.73. The firm has a 50-day simple moving average of C$6.13 and a 200 day simple moving average of C$7.72.

The company also recently disclosed a Semi-Annual dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, September 5th. Hudbay Minerals’s dividend payout ratio is currently -8.27%.

In other news, insider Waterton Global Resource Management, Inc. acquired 500,000 shares of the stock in a transaction on Wednesday, July 10th. The stock was acquired at an average price of C$6.57 per share, with a total value of C$3,284,358.00. Following the completion of the transaction, the insider now owns 17,324,844 shares of the company’s stock, valued at approximately C$113,801,979.98.

Hudbay Minerals Company Profile (TSE:HBM)

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.

Further Reading: Book Value Of Equity Per Share – BVPS Explained

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