Hudbay Minerals Inc (HBM) to Issue Semi-Annual Dividend of $0.01 on September 29th
Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) announced a Semi-Annual dividend on Friday, August 4th, Zacks reports. Stockholders of record on Friday, September 8th will be given a dividend of 0.01 per share by the mining company on Friday, September 29th. This represents a dividend yield of 0.09%. The ex-dividend date is Thursday, September 7th.
Hudbay Minerals (TSE:HBM) traded up 2.39% during mid-day trading on Friday, hitting $11.15. 2,216,255 shares of the stock traded hands. Hudbay Minerals has a 12-month low of $4.74 and a 12-month high of $11.95. The firm’s 50-day moving average is $9.73 and its 200-day moving average is $8.70. The company has a market cap of $2.65 billion and a price-to-earnings ratio of 278.75.
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HBM has been the subject of a number of research analyst reports. TD Securities reaffirmed an “action list buy” rating and issued a C$13.50 price target on shares of Hudbay Minerals in a report on Monday, June 12th. Royal Bank Of Canada cut their price target on Hudbay Minerals from C$13.00 to C$12.00 and set an “outperform” rating for the company in a report on Monday, May 15th. National Bank Financial lifted their price target on Hudbay Minerals from C$10.25 to C$11.00 and gave the company an “outperform” rating in a report on Monday, July 24th. ValuEngine raised Hudbay Minerals from a “hold” rating to a “buy” rating in a report on Thursday, May 11th. Finally, Scotiabank reaffirmed a “focus stock” rating and issued a C$12.00 price target on shares of Hudbay Minerals in a report on Thursday, June 8th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of C$10.72.
In other news, insider Gmt Capital Corp acquired 5,400 shares of the company’s stock in a transaction on Monday, June 5th. The stock was purchased at an average cost of C$4.86 per share, with a total value of C$26,244.00. Insiders have acquired a total of 48,800 shares of company stock valued at $297,985 over the last three months.
Hudbay Minerals Company Profile
Hudbay Minerals Inc is a Canada-based mining company. The Company is engaged in the production of copper concentrate, consisting of copper, gold and silver, as well as zinc metal. The Company is focused on the discovery, production and marketing of base and precious metals. The Company has assets in North and South America.
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