HudBay Minerals Inc (HBM) To Go Ex-Dividend on September 8th

HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) declared a quarterly dividend on Tuesday, July 28th. Stockholders of record on Tuesday, September 8th will be paid a dividend of 0.01 per share by the mining company on Friday, September 25th. This represents a c) dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Tuesday, September 8th.

HudBay Minerals has a payout ratio of 3.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect HudBay Minerals to earn $1.77 per share next year, which means the company should continue to be able to cover its $0.02 annual dividend with an expected future payout ratio of 1.1%.

HudBay Minerals Trading Down 0.9%

NYSE HBM opened at $27.45 on Friday. The company has a quick ratio of 1.93, a current ratio of 2.24 and a debt-to-equity ratio of 0.17. HudBay Minerals has a twelve month low of $12.53 and a twelve month high of $32.15. The company has a market cap of $12.19 billion, a price-to-earnings ratio of 16.15, a price-to-earnings-growth ratio of 0.41 and a beta of 1.54. The business’s fifty day moving average is $24.93 and its 200 day moving average is $24.66.

HudBay Minerals (NYSE:HBM) (TSE:HBM) last issued its quarterly earnings data on Wednesday, July 29th. The mining company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. The business had revenue of $631.30 million for the quarter, compared to analyst estimates of $632.43 million. HudBay Minerals had a return on equity of 9.47% and a net margin of 27.48%.HudBay Minerals’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS. As a group, sell-side analysts expect that HudBay Minerals will post 1.51 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Jefferies Financial Group reaffirmed a “buy” rating on shares of HudBay Minerals in a research note on Monday, July 6th. Citigroup reiterated a “positive” rating on shares of HudBay Minerals in a research report on Wednesday, July 15th. Scotiabank reissued an “outperform” rating on shares of HudBay Minerals in a report on Thursday, July 30th. Wall Street Zen cut shares of HudBay Minerals from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Bank of America dropped their price target on shares of HudBay Minerals from $33.50 to $29.50 and set a “buy” rating for the company in a research note on Thursday, July 9th. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, HudBay Minerals currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.33.

About HudBay Minerals

HudBay Minerals Inc is a Canada-based mining company engaged in the exploration, development and production of base and precious metals. Its primary products include copper, zinc, gold and silver concentrates, which are sold to smelters and refiners worldwide. The company’s operations span multiple stages of the mining cycle, from resource definition and feasibility studies to mine construction, extraction and reclamation.

The company traces its roots back to 1927, when it was established as Hudson Bay Mining & Smelting Co Limited.