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

by · The Markets Daily

Hudbay Minerals Inc. (TSE:HBM – Get Free Report) (NYSE:HBM) has received an average rating of “Buy” from the fourteen ratings firms that are currently covering the stock, Marketbeat.com reports. Twelve research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$15.54.

Several research analysts have recently weighed in on the company. Jefferies Financial Group boosted their price target on Hudbay Minerals from C$14.00 to C$15.00 in a research note on Friday, October 4th. Eight Capital boosted their target price on Hudbay Minerals from C$14.50 to C$18.00 in a research report on Thursday, July 11th. National Bankshares raised their price target on shares of Hudbay Minerals from C$15.50 to C$16.75 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Royal Bank of Canada decreased their price objective on shares of Hudbay Minerals from C$18.00 to C$16.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. Finally, Stifel Canada upgraded shares of Hudbay Minerals to a “strong-buy” rating in a research report on Monday, July 22nd.

View Our Latest Stock Analysis on HBM

Hudbay Minerals Stock Performance

HBM stock opened at C$13.37 on Friday. The stock’s 50 day simple moving average is C$11.44 and its 200 day simple moving average is C$11.69. The company has a current ratio of 1.87, a quick ratio of 0.85 and a debt-to-equity ratio of 49.37. Hudbay Minerals has a 12-month low of C$5.46 and a 12-month high of C$14.33. The stock has a market capitalization of C$5.26 billion, a PE ratio of 36.14, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83.

Hudbay Minerals Announces Dividend

The business also recently announced a 1 dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, September 20th were issued a $0.02 dividend. The ex-dividend date was Friday, September 20th. This represents a yield of 0.09%. Hudbay Minerals’s dividend payout ratio is currently 5.41%.

Hudbay Minerals Company Profile

(Get Free Report

Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.

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