Hudbay Minerals Inc. (TSE:HBM) Receives Average Rating of “Buy” from Brokerages

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have been given an average rating of “Buy” by the thirteen brokerages that are presently covering the firm, Marketbeat.com reports. Ten equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$15.64.

A number of equities analysts have issued reports on HBM shares. TD Securities cut their target price on Hudbay Minerals from C$15.00 to C$14.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Raymond James raised their price objective on shares of Hudbay Minerals from C$16.00 to C$17.00 in a report on Friday, April 4th. Canaccord Genuity Group cut their target price on shares of Hudbay Minerals from C$15.50 to C$14.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Desjardins upgraded Hudbay Minerals to a “moderate buy” rating in a research note on Thursday, April 3rd. Finally, Stifel Canada upgraded Hudbay Minerals to a “strong-buy” rating in a research note on Wednesday, March 19th.

Hudbay Minerals Stock Up 0.9 %

Shares of Hudbay Minerals stock opened at C$10.70 on Friday. The company has a debt-to-equity ratio of 46.39, a current ratio of 1.86 and a quick ratio of 0.85. Hudbay Minerals has a 1-year low of C$8.49 and a 1-year high of C$14.33. The business has a 50-day moving average of C$10.37 and a 200-day moving average of C$11.61. The company has a market capitalization of C$2.97 billion, a PE ratio of 30.13, a P/E/G ratio of 3.97 and a beta of 1.83.

Hudbay Minerals Announces Dividend

The business also recently declared a dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 21st were paid a $0.01 dividend. This represents a dividend yield of 0.1%. The ex-dividend date of this dividend was Tuesday, March 4th. Hudbay Minerals’s dividend payout ratio is currently 5.63%.

Insider Activity at Hudbay Minerals

In related news, Senior Officer Francisco Javier Del Rio Del Aguila sold 12,959 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of C$12.00, for a total value of C$155,508.00. Also, Director Peter Gerald Jan Kukielski bought 9,300 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were acquired at an average cost of C$10.76 per share, with a total value of C$100,068.00. Insiders have purchased 11,800 shares of company stock worth $127,418 over the last quarter. 0.07% of the stock is currently owned by company insiders.

Hudbay Minerals Company Profile

Hudbay Minerals Inc is a Canadian mining company with its operations, property developments, and exploration activities across the United States. The major mines that Hudbay operates are located in Manitoba, Canada, Arizona, United States; and Peru. The company is principally focused on the discovery, production, and marketing of base and precious metals.