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

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) has been assigned a consensus recommendation of “Buy” from the thirteen analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$39.22.

HBM has been the topic of several recent analyst reports. Desjardins set a C$40.00 target price on shares of Hudbay Minerals and gave the company a “buy” rating in a research note on Thursday, March 5th. BMO Capital Markets boosted their target price on shares of Hudbay Minerals from C$33.00 to C$39.00 in a research note on Wednesday, April 22nd. Canadian Imperial Bank of Commerce upped their price target on shares of Hudbay Minerals from C$42.00 to C$46.00 in a research note on Tuesday, April 21st. Canaccord Genuity Group dropped their price target on shares of Hudbay Minerals from C$41.00 to C$40.00 in a research note on Monday, May 4th. Finally, Barclays set a C$41.00 price target on shares of Hudbay Minerals and gave the stock an “overweight” rating in a research note on Friday, May 22nd.

Insider Buying and Selling at Hudbay Minerals

In related news, insider Eugene Chi-Yen Lei purchased 1,000 shares of the company’s stock in a transaction dated Friday, March 27th. The shares were acquired at an average cost of C$26.85 per share, with a total value of C$26,850.00. Following the completion of the purchase, the insider owned 195,847 shares of the company’s stock, valued at C$5,258,491.95. The trade was a 0.51% increase in their position. Company insiders own 0.07% of the company’s stock.

Hudbay Minerals Price Performance

Shares of TSE:HBM opened at C$38.84 on Friday. The company’s fifty day moving average is C$34.90 and its two-hundred day moving average is C$31.69. The company has a quick ratio of 0.85, a current ratio of 1.36 and a debt-to-equity ratio of 30.14. Hudbay Minerals has a 12-month low of C$12.35 and a 12-month high of C$44.48. The company has a market cap of C$15.43 billion, a P/E ratio of 23.26, a price-to-earnings-growth ratio of 3.97 and a beta of 2.24.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its earnings results on Friday, May 1st. The mining company reported C$0.56 earnings per share (EPS) for the quarter. Hudbay Minerals had a net margin of 27.86% and a return on equity of 20.70%. The company had revenue of C$1.05 billion for the quarter. Equities analysts expect that Hudbay Minerals will post 1.1220575 earnings per share for the current fiscal year.

Hudbay Minerals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 26th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.1%. Hudbay Minerals’s dividend payout ratio is 0.87%.

About Hudbay Minerals

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.