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

Key Points

• Hudbay Minerals Inc. has received a consensus recommendation of "Buy" from eleven research firms, with eight analysts rating it as a buy and three issuing a strong buy recommendation.
• The average twelve-month price target for Hudbay's shares is C$17.25, following several increases in price targets from various analysts.
• The company recently announced a dividend of $0.01 per share with a yield of 6.0%, paid to shareholders on September 19th.

Shares of Hudbay Minerals Inc. (TSE:HBM - Get Free Report) NYSE: HBM have been assigned a consensus rating of "Buy" from the eleven research firms that are covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$17.25.

HBM has been the subject of a number of research analyst reports. Scotiabank increased their price target on shares of Hudbay Minerals from C$14.00 to C$15.50 in a report on Monday, June 16th. Stifel Nicolaus increased their price target on shares of Hudbay Minerals from C$17.00 to C$20.00 and gave the company a "buy" rating in a report on Thursday, August 14th. National Bankshares increased their price target on shares of Hudbay Minerals from C$16.50 to C$17.50 and gave the company an "outperform" rating in a report on Thursday, August 14th. TD Securities increased their price target on shares of Hudbay Minerals from C$13.00 to C$15.00 and gave the company a "buy" rating in a report on Tuesday, June 24th. Finally, Veritas upgraded shares of Hudbay Minerals to a "strong-buy" rating in a report on Monday, July 7th.

Hudbay Minerals Stock Performance

Shares of HBM opened at C$21.85 on Tuesday. The company has a 50-day simple moving average of C$16.89 and a 200-day simple moving average of C$13.73. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39. The company has a market capitalization of C$8.65 billion, a PE ratio of 29.93, a P/E/G ratio of 3.97 and a beta of 2.21. Hudbay Minerals has a 52-week low of C$8.49 and a 52-week high of C$22.67.

Hudbay Minerals Dividend Announcement

The firm also recently announced a half year 25 dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 19th were issued a dividend of $0.01 per share. This represents a yield of 6.0%. The ex-dividend date was Tuesday, September 2nd. Hudbay Minerals's dividend payout ratio (DPR) is 1.96%.

About Hudbay Minerals

Hudbay Minerals Inc is a Canadian mining company with its operations, property developments, and exploration activities across the United States. The major mines that Hudbay operates are located in Manitoba, Canada, Arizona, United States; and Peru. The company is principally focused on the discovery, production, and marketing of base and precious metals.

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