Hudbay Minerals Inc. (TSE:HBM) Stock Rated “Buy” by Wall Street Analysts

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have earned a consensus recommendation of “Buy” from the thirteen analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, ten have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$42.58.

A number of equities research analysts have weighed in on the stock. ATB Cormark Capital Markets lifted their price target on shares of Hudbay Minerals from C$35.00 to C$40.00 and gave the stock an “outperform” rating in a research note on Friday, October 9th. Royal Bank Of Canada boosted their price target on shares of Hudbay Minerals from C$40.00 to C$48.00 in a report on Wednesday, September 16th. Haywood Securities increased their price objective on shares of Hudbay Minerals from C$43.00 to C$45.00 in a research note on Wednesday, September 30th. Canaccord Genuity Group reduced their price objective on shares of Hudbay Minerals from C$40.00 to C$39.50 and set a “buy” rating for the company in a report on Thursday, July 30th. Finally, National Bank Financial lifted their target price on shares of Hudbay Minerals from C$41.00 to C$42.50 and gave the company a “sector perform” rating in a research report on Monday, October 5th.

Hudbay Minerals Stock Performance

HBM opened at C$31.16 on Wednesday. The stock’s 50 day simple moving average is C$35.28 and its 200-day simple moving average is C$34.44. The company has a current ratio of 2.24, a quick ratio of 0.85 and a debt-to-equity ratio of 19.04. The stock has a market cap of C$13.84 billion, a PE ratio of 19.14, a P/E/G ratio of 3.97 and a beta of 2.22. Hudbay Minerals has a 1 year low of C$20.26 and a 1 year high of C$44.48.

Hudbay Minerals Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 25th were paid a dividend of $0.01 per share. The ex-dividend date was Tuesday, September 8th. This represents a $0.04 dividend on an annualized basis and a yield of 0.1%. Hudbay Minerals’s dividend payout ratio (DPR) is currently 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.