Brokerages Set Hudbay Minerals Inc. (TSE:HBM) Price Target at C$11.06

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have earned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$11.21.

HBM has been the subject of a number of research analyst reports. National Bankshares increased their target price on shares of Hudbay Minerals from C$8.50 to C$8.75 and gave the stock a “sector perform” rating in a research report on Monday, February 26th. Scotiabank upped their target price on Hudbay Minerals from C$10.50 to C$11.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th. Canaccord Genuity Group raised their price target on Hudbay Minerals from C$10.50 to C$13.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Raymond James boosted their price target on Hudbay Minerals from C$11.50 to C$14.00 in a research note on Wednesday, April 24th. Finally, Stifel Nicolaus set a C$11.25 price objective on shares of Hudbay Minerals and gave the company a “buy” rating in a research report on Tuesday, March 26th.

Hudbay Minerals Stock Up 0.5 %

TSE:HBM opened at C$11.44 on Friday. The business’s fifty day moving average price is C$9.74 and its 200 day moving average price is C$7.81. The firm has a market capitalization of C$4.02 billion, a price-to-earnings ratio of 39.45, a PEG ratio of 3.97 and a beta of 2.02. The company has a current ratio of 1.25, a quick ratio of 0.85 and a debt-to-equity ratio of 62.93. Hudbay Minerals has a 1-year low of C$5.46 and a 1-year high of C$12.06.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its earnings results on Friday, February 23rd. The mining company reported C$0.27 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.15 by C$0.12. The company had revenue of C$819.90 million for the quarter, compared to the consensus estimate of C$710.46 million. Hudbay Minerals had a return on equity of 3.68% and a net margin of 3.93%. On average, sell-side analysts forecast that Hudbay Minerals will post 0.6911942 earnings per share for the current fiscal year.

Hudbay Minerals Dividend Announcement

The company also recently disclosed a 1 dividend, which was paid on Tuesday, March 5th. Investors of record on Friday, March 22nd were issued a dividend of $0.02 per share. This represents a dividend yield of 0.13%. The ex-dividend date of this dividend was Friday, March 22nd. Hudbay Minerals’s dividend payout ratio is currently 6.90%.

Insider Buying and Selling

In other Hudbay Minerals news, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of C$6.01, for a total transaction of C$117,188.99. In other Hudbay Minerals news, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of Hudbay Minerals stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of C$6.01, for a total value of C$117,188.99. Also, Senior Officer Mark Zachary Gupta sold 4,915 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of C$9.45, for a total value of C$46,446.75. Insiders own 0.08% of the company’s stock.

About Hudbay Minerals

Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.