Hudbay Minerals Inc. (TSE:HBM) Given Consensus Recommendation of "Buy" by Analysts

Key Points

• Hudbay Minerals has a consensus “Buy” rating from 12 analysts: nine rate it a buy, two a strong buy and one a hold. The average 12-month price target is C$41.78, above the reported share price of C$37.39.
• The company reported quarterly earnings of C$0.40 per share on revenue of C$896.94 million, with a 27.22% net margin and 18.41% return on equity.
• Hudbay declared a quarterly dividend of C$0.01 per share, equivalent to C$0.04 annually and a 0.1% yield. The copper-focused miner operates mines in Canada and Peru and has growth projects in North America.

Hudbay Minerals Inc. (TSE:HBM - Get Free Report) NYSE: HBM has received a consensus recommendation of "Buy" from the twelve research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$41.78.

Several equities analysts recently commented on HBM shares. Raymond James Financial boosted their target price on Hudbay Minerals from C$41.00 to C$42.00 and gave the stock an "outperform" rating in a research report on Friday, September 4th. BMO Capital Markets lowered their price target on Hudbay Minerals from C$46.00 to C$44.00 and set an "outperform" rating on the stock in a report on Thursday, July 30th. Barclays lifted their price target on Hudbay Minerals from C$41.00 to C$45.00 in a research report on Thursday, July 16th. Jefferies Financial Group cut their price objective on Hudbay Minerals from C$57.00 to C$50.00 in a report on Monday, July 6th. Finally, Scotiabank decreased their price objective on shares of Hudbay Minerals from C$44.00 to C$43.00 and set a "sector outperform" rating on the stock in a research report on Thursday, July 30th.

Hudbay Minerals Stock Down 0.8%

Shares of TSE:HBM opened at C$37.39 on Tuesday. The firm has a fifty day moving average price of C$36.10 and a two-hundred day moving average price of C$34.32. The company has a market cap of C$16.61 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 3.97 and a beta of 2.31. The company has a debt-to-equity ratio of 19.04, a current ratio of 2.24 and a quick ratio of 0.85. Hudbay Minerals has a one year low of C$18.00 and a one year high of C$44.48.

Hudbay Minerals (TSE:HBM - Get Free Report) NYSE: HBM last released its quarterly earnings results on Wednesday, July 29th. The mining company reported C$0.40 earnings per share for the quarter. Hudbay Minerals had a net margin of 27.22% and a return on equity of 18.41%. The firm had revenue of C$896.94 million for the quarter. Analysts anticipate that Hudbay Minerals will post 1.1220575 EPS for the current fiscal year.

Hudbay Minerals Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 25th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Tuesday, September 8th. Hudbay Minerals's payout ratio is currently 1.32%.

About Hudbay Minerals

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.

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