Hudbay Minerals Inc. (TSE:HBM) Stock Has Consensus Price Target of C$42.56

Key Points

• Analyst consensus is bullish: Twelve analysts give Hudbay Minerals an average “Buy” rating, with nine buys, two strong buys and one hold. The average 12-month price target is C$42.56.
• Recent broker updates produced targets ranging from C$42.50 to C$45.00, while the stock opened at C$33.39 and has traded between C$20.26 and C$44.48 over the past year.
• Hudbay reported quarterly EPS of C$0.40 on revenue of C$896.94 million and pays a small quarterly dividend of $0.01, equivalent to a 0.1% yield.

Shares of Hudbay Minerals Inc. (TSE:HBM - Get Free Report) NYSE: HBM have earned an average rating of "Buy" from the twelve analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$42.56.

Several research firms recently commented on HBM. National Bank Financial raised their price objective on shares of Hudbay Minerals from C$41.00 to C$42.50 and gave the stock a "sector perform" rating in a report on Monday, October 5th. Scotiabank lowered their target price on shares of Hudbay Minerals from C$44.00 to C$43.00 and set a "sector outperform" rating on the stock in a report on Thursday, July 30th. BMO Capital Markets lowered their target price on shares of 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. Haywood Securities increased their target price on Hudbay Minerals from C$43.00 to C$45.00 in a research report on Wednesday, September 30th. Finally, Barclays raised their price target on Hudbay Minerals from C$41.00 to C$45.00 in a report on Thursday, July 16th.

Hudbay Minerals Price Performance

HBM opened at C$33.39 on Friday. The company has a market capitalization of C$14.83 billion, a price-to-earnings ratio of 20.51, a PEG ratio of 3.97 and a beta of 2.37. The company has a quick ratio of 0.85, a current ratio of 2.24 and a debt-to-equity ratio of 19.04. The firm has a 50-day moving average price of C$37.94 and a 200-day moving average price of C$35.42. Hudbay Minerals has a twelve month low of C$20.26 and a twelve month high of C$44.48.

Hudbay Minerals (TSE:HBM - Get Free Report) NYSE: HBM last posted its quarterly earnings results on Wednesday, July 29th. The mining company reported C$0.40 earnings per share (EPS) for the quarter. The company had revenue of C$896.94 million for the quarter. Hudbay Minerals had a net margin of 27.22% and a return on equity of 18.41%. Equities analysts expect that Hudbay Minerals will post 1.12 EPS for the current year.

Hudbay Minerals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 25th were paid a $0.01 dividend. The ex-dividend date was Tuesday, September 8th. This represents a $0.04 annualized dividend and a yield of 0.1%. Hudbay Minerals's dividend payout ratio (DPR) 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.