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

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) has earned an average recommendation of “Buy” from the thirteen analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$40.91.

A number of research firms recently commented on HBM. BMO Capital Markets dropped their price objective on Hudbay Minerals from C$46.00 to C$44.00 and set an “outperform” rating for the company in a research report on Thursday, July 30th. Jefferies Financial Group decreased their price target on shares of Hudbay Minerals from C$57.00 to C$50.00 in a research note on Monday, July 6th. National Bank Financial lowered their price target on shares of Hudbay Minerals from C$40.00 to C$38.50 and set a “sector perform” rating for the company in a report on Tuesday, July 14th. Stifel Nicolaus boosted their price objective on shares of 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. Finally, ATB Cormark Capital Markets reduced their price objective on shares of Hudbay Minerals from C$35.50 to C$35.00 and set an “outperform” rating on the stock in a research note on Thursday, July 30th.

Hudbay Minerals Stock Performance

Hudbay Minerals stock opened at C$42.06 on Friday. The company has a debt-to-equity ratio of 19.04, a quick ratio of 0.85 and a current ratio of 2.24. The stock has a fifty day moving average of C$34.53 and a two-hundred day moving average of C$34.08. The company has a market capitalization of C$18.68 billion, a price-to-earnings ratio of 25.83, a PEG ratio of 3.97 and a beta of 2.31. Hudbay Minerals has a fifty-two week low of C$15.93 and a fifty-two week high of C$44.48.

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

Hudbay Minerals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 26th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Tuesday, June 9th. Hudbay Minerals’s payout ratio is presently 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.