Hudbay Minerals (TSE:HBM) Price Target Raised to C$42.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price objective increased by Raymond James Financial from C$41.00 to C$42.00 in a research note released on Friday,BayStreet reports. They currently have an outperform rating on the mining company’s stock.

A number of other research firms also recently commented on HBM. Canaccord Genuity Group dropped their price target on Hudbay Minerals from C$40.00 to C$39.50 and set a “buy” rating for the company in a research note on Thursday, July 30th. Jefferies Financial Group lowered their price target on Hudbay Minerals from C$57.00 to C$50.00 in a report on Monday, July 6th. Barclays upped their price objective on Hudbay Minerals from C$41.00 to C$45.00 in a research report on Thursday, July 16th. BMO Capital Markets reduced their price objective on Hudbay Minerals from C$46.00 to C$44.00 and set an “outperform” rating on the stock in a research note on Thursday, July 30th. Finally, Stifel Nicolaus lifted their target price on Hudbay Minerals from C$41.00 to C$43.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$41.28.

Hudbay Minerals Price Performance

Shares of TSE HBM opened at C$37.94 on Friday. The stock has a market capitalization of C$16.85 billion, a PE ratio of 23.30, a P/E/G ratio of 3.97 and a beta of 2.31. 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 business has a fifty day moving average price of C$34.89 and a two-hundred day moving average price of C$34.22. Hudbay Minerals has a fifty-two week low of C$17.33 and a fifty-two week high of C$44.48.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released 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 during the quarter. Hudbay Minerals had a return on equity of 18.41% and a net margin of 27.22%. As a group, equities analysts predict that Hudbay Minerals will post 1.1220575 earnings per share for the current fiscal year.

Hudbay Minerals Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 25th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Tuesday, September 8th. 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.