Analysts Set Hudbay Minerals Inc. (TSE:HBM) Price Target at C$37.90

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have been given an average rating of “Buy” by the fourteen brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$37.90.

A number of research firms have issued reports on HBM. Canaccord Genuity Group lifted their price objective on Hudbay Minerals from C$39.00 to C$41.00 and gave the stock a “buy” rating in a research note on Tuesday, March 3rd. National Bank Financial downgraded Hudbay Minerals from an “outperform” rating to a “sector perform” rating and increased their target price for the company from C$28.00 to C$40.00 in a research report on Thursday, January 29th. Scotiabank cut their target price on shares of Hudbay Minerals from C$37.00 to C$35.50 and set an “outperform” rating for the company in a report on Monday, February 23rd. Jefferies Financial Group boosted their price target on shares of Hudbay Minerals from C$31.00 to C$37.00 in a research report on Monday, January 19th. Finally, Citigroup upped their price target on shares of Hudbay Minerals from C$23.00 to C$32.50 and gave the company a “buy” rating in a research note on Wednesday, February 11th.

Insider Activity

In other Hudbay Minerals news, insider Eugene Chi-Yen Lei purchased 1,000 shares of the stock in a transaction that occurred on Friday, March 27th. The stock was purchased at an average price of C$26.85 per share, with a total value of C$26,850.00. Following the acquisition, the insider owned 195,847 shares in the company, valued at approximately C$5,258,491.95. The trade was a 0.51% increase in their ownership of the stock. Corporate insiders own 0.07% of the company’s stock.

Hudbay Minerals Stock Down 1.5%

HBM opened at C$30.09 on Tuesday. The company has a market capitalization of C$11.94 billion, a PE ratio of 20.90, a price-to-earnings-growth ratio of 3.97 and a beta of 1.98. The firm has a 50-day simple moving average of C$32.34 and a two-hundred day simple moving average of C$27.09. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 33.86. Hudbay Minerals has a 52 week low of C$8.49 and a 52 week high of C$38.94.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its earnings results on Friday, February 20th. The mining company reported C$0.30 earnings per share (EPS) for the quarter. Hudbay Minerals had a return on equity of 19.30% and a net margin of 25.80%.The firm had revenue of C$1.50 billion for the quarter. Analysts forecast that Hudbay Minerals will post 1.1220575 earnings per share for the current fiscal year.

Hudbay Minerals Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 27th were issued a $0.01 dividend. The ex-dividend date was Tuesday, March 10th. This represents a dividend yield of 3.0%. Hudbay Minerals’s payout ratio is 0.99%.

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.