HudBay Minerals Inc (NYSE:HBM - Get Free Report) TSE: HBM announced a semi-annual dividend on Thursday, August 14th, Wall Street Journal reports. Shareholders of record on Tuesday, September 2nd will be given a dividend of 0.0073 per share by the mining company on Friday, September 19th. This represents a yield of 10.0%. The ex-dividend date of this dividend is Tuesday, September 2nd. This is a 3.4% increase from HudBay Minerals's previous semi-annual dividend of $0.00703.
HudBay Minerals has a payout ratio of 1.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect HudBay Minerals to earn $0.70 per share next year, which means the company should continue to be able to cover its $0.01 annual dividend with an expected future payout ratio of 1.4%.
HudBay Minerals Stock Down 2.8%
Shares of HudBay Minerals stock traded down $0.32 on Thursday, reaching $11.02. 10,237,473 shares of the company were exchanged, compared to its average volume of 7,503,303. HudBay Minerals has a 1-year low of $5.95 and a 1-year high of $12.10. The stock's 50 day moving average price is $9.99 and its 200-day moving average price is $8.59. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.32 and a quick ratio of 1.92. The company has a market cap of $4.36 billion, a P/E ratio of 28.99, a price-to-earnings-growth ratio of 0.25 and a beta of 1.63.
HudBay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last announced its earnings results on Wednesday, August 13th. The mining company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.08. HudBay Minerals had a net margin of 7.40% and a return on equity of 8.17%. The business had revenue of $536.40 million for the quarter, compared to analyst estimates of $558.21 million. The firm's revenue for the quarter was up 26.1% on a year-over-year basis. As a group, equities analysts forecast that HudBay Minerals will post 0.79 EPS for the current year.
About HudBay Minerals
(
Get Free Report)
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.
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