Hudbay Minerals (TSE:HBM) Price Target Raised to C$48.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price boosted by Royal Bank Of Canada from C$40.00 to C$48.00 in a report issued on Wednesday,BayStreet reports.

HBM has been the subject of a number of other reports. Barclays upped their price objective on shares of Hudbay Minerals from C$41.00 to C$45.00 in a research report on Thursday, July 16th. BMO Capital Markets dropped their target price on Hudbay Minerals from C$46.00 to C$44.00 and set an “outperform” rating on the stock in a research report on Thursday, July 30th. Scotiabank reduced their price target on Hudbay Minerals from C$44.00 to C$43.00 and set a “sector outperform” rating for the company in a report on Thursday, July 30th. National Bank Financial lowered their price objective on Hudbay Minerals from C$40.00 to C$38.50 and set a “sector perform” rating for the company in a research note on Tuesday, July 14th. Finally, Raymond James Financial lifted their price objective on Hudbay Minerals from C$41.00 to C$42.00 and gave the stock an “outperform” rating in a report on Friday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Hudbay Minerals presently has an average rating of “Buy” and a consensus price target of C$41.78.

Hudbay Minerals Trading Up 1.8%

HBM opened at C$37.68 on Wednesday. The firm’s 50 day moving average is C$35.94 and its 200-day moving average is C$34.31. Hudbay Minerals has a 52-week low of C$18.00 and a 52-week high of C$44.48. The company has a quick ratio of 0.85, a current ratio of 2.24 and a debt-to-equity ratio of 19.04. The firm has a market capitalization of C$16.74 billion, a P/E ratio of 23.14, a P/E/G ratio of 3.97 and a beta of 2.31.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its earnings results on Wednesday, July 29th. The mining company reported C$0.40 earnings per share for the quarter. The business had revenue of C$896.94 million during the quarter. Hudbay Minerals had a net margin of 27.22% and a return on equity of 18.41%. Analysts expect that Hudbay Minerals will post 1.1220575 EPS for the current fiscal year.

Hudbay Minerals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 25th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Tuesday, September 8th. Hudbay Minerals’s payout ratio is 1.32%.

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.