Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) has received an average recommendation of “Buy” from the nine brokerages that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$10.97.

Several brokerages have recently issued reports on HBM. Royal Bank of Canada lowered Hudbay Minerals from an “outperform” rating to a “sector perform” rating and set a C$8.00 target price for the company. in a research report on Thursday, December 13th. BMO Capital Markets reissued an “outperform” rating and issued a C$10.00 price target on shares of Hudbay Minerals in a report on Wednesday, January 9th. CIBC lowered shares of Hudbay Minerals from an “outperform” rating to a “neutral” rating and reduced their price target for the company from C$9.00 to C$8.00 in a research report on Monday, January 21st. Eight Capital restated a “buy” rating and set a C$10.00 price objective on shares of Hudbay Minerals in a report on Tuesday, February 19th. Finally, TD Securities lowered their price objective on shares of Hudbay Minerals from C$11.00 to C$10.50 and set a “buy” rating on the stock in a research report on Wednesday, February 20th.

TSE HBM traded down C$0.07 on Thursday, reaching C$9.94. The company had a trading volume of 229,913 shares, compared to its average volume of 1,387,516. The firm has a market capitalization of $2.59 billion and a P/E ratio of 30.31. Hudbay Minerals has a 52-week low of C$4.51 and a 52-week high of C$10.13. The company has a current ratio of 2.36, a quick ratio of 1.94 and a debt-to-equity ratio of 48.43.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted its quarterly earnings data on Tuesday, February 19th. The mining company reported C$0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C($0.01) by C$0.08. The firm had revenue of C$464.96 million for the quarter, compared to analysts’ expectations of C$428.92 million. As a group, sell-side analysts predict that Hudbay Minerals will post 0.45 EPS for the current fiscal year.

The company also recently announced a Semi-Annual dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were given a $0.01 dividend. This represents a yield of 0.11%. The ex-dividend date was Thursday, March 7th. Hudbay Minerals’s dividend payout ratio is currently 4.72%.

About Hudbay Minerals

Hudbay Minerals Inc, an integrated mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; and zinc metal. The company owns three polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru; and copper projects in Arizona and Nevada, the United States.

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Analyst Recommendations for Hudbay Minerals (TSE:HBM)

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