Brokerages Set Hudbay Minerals Inc. (TSE:HBM) Price Target at C$39.22

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have earned an average recommendation of “Buy” from the thirteen research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, nine have given a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$39.22.

Several equities analysts have issued reports on the stock. Scotiabank dropped their price objective on shares of Hudbay Minerals from C$37.00 to C$35.50 and set an “outperform” rating on the stock in a research note on Monday, February 23rd. ATB Cormark Capital Markets boosted their target price on shares of Hudbay Minerals from C$26.00 to C$37.50 and gave the stock an “outperform” rating in a research report on Monday, February 23rd. Desjardins set a C$40.00 target price on shares of Hudbay Minerals and gave the stock a “buy” rating in a research report on Thursday, March 5th. Canaccord Genuity Group decreased their target price on shares of Hudbay Minerals from C$41.00 to C$40.00 in a research report on Monday, May 4th. Finally, Bank of America boosted their target price on shares of Hudbay Minerals from C$37.75 to C$44.50 in a research report on Thursday, February 26th.

Hudbay Minerals Stock Performance

Shares of HBM opened at C$39.00 on Friday. The company has a debt-to-equity ratio of 30.14, a quick ratio of 0.85 and a current ratio of 1.36. The stock has a market capitalization of C$15.49 billion, a P/E ratio of 23.35, a P/E/G ratio of 3.97 and a beta of 2.24. The company’s fifty day moving average is C$35.68 and its two-hundred day moving average is C$32.23. Hudbay Minerals has a 1 year low of C$12.35 and a 1 year high of C$44.48.

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

Hudbay Minerals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 26th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Tuesday, June 9th. Hudbay Minerals’s payout ratio is presently 0.87%.

Insider Activity at Hudbay Minerals

In related news, insider Eugene Chi-Yen Lei bought 1,000 shares of the firm’s stock in a transaction on Friday, March 27th. The shares were bought at an average cost of C$26.85 per share, for a total transaction of C$26,850.00. Following the transaction, the insider owned 195,847 shares of the company’s stock, valued at approximately C$5,258,491.95. This trade represents a 0.51% increase in their ownership of the stock. Insiders own 0.07% of the company’s stock.

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.