Hudbay Minerals Inc. (HBM) to Issue Quarterly Dividend of $0.01 on June 26th

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) announced a quarterly dividend on Tuesday, June 9th, TickerTech Dividends reports. Stockholders of record on Friday, June 26th will be given a dividend of 0.01 per share by the mining company on Friday, June 26th. This represents a c) annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Tuesday, June 9th.

Hudbay Minerals Price Performance

Hudbay Minerals stock opened at C$35.72 on Friday. The stock has a market cap of C$14.19 billion, a P/E ratio of 21.39, a price-to-earnings-growth ratio of 3.97 and a beta of 2.24. The company has a fifty day simple moving average of C$34.04 and a 200-day simple moving average of C$31.16. Hudbay Minerals has a 12-month low of C$12.35 and a 12-month high of C$44.48. The company has a current ratio of 1.36, a quick ratio of 0.85 and a debt-to-equity ratio of 30.14.

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

Analyst Ratings Changes

A number of analysts have recently commented on HBM shares. Royal Bank Of Canada lifted their target price on Hudbay Minerals from C$28.00 to C$40.00 in a research report on Thursday, March 12th. Barclays set a C$41.00 target price on Hudbay Minerals and gave the company an “overweight” rating in a report on Friday, May 22nd. Scotiabank reduced their target price on Hudbay Minerals from C$37.00 to C$35.50 and set an “outperform” rating for the company in a report on Monday, February 23rd. Desjardins set a C$40.00 target price on Hudbay Minerals and gave the company a “buy” rating in a report on Thursday, March 5th. Finally, Stifel Nicolaus boosted their target price on Hudbay Minerals from C$28.00 to C$41.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$39.22.

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.