Brokerages Set Hudbay Minerals Inc. (TSE:HBM) PT at C$17.25

Key Points

• Hudbay Minerals Inc. (TSE:HBM) has received an average consensus recommendation of "Buy" from 11 analysts, with 8 analysts rating the stock as a buy and 3 as a strong buy.
• The average target price for the stock is set at C$17.25, which has seen recent adjustments by several research firms.
• Hudbay Minerals announced a half-year dividend of $0.01 per share, resulting in a yield of 6.0%, with the dividend payout ratio currently at 1.96%.

Shares of Hudbay Minerals Inc. (TSE:HBM - Get Free Report) NYSE: HBM have earned an average rating of "Buy" from the eleven brokerages that are covering the firm, MarketBeat.com reports. Eight equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$17.25.

HBM has been the topic of a number of analyst reports. Desjardins lifted their price objective on shares of Hudbay Minerals from C$16.00 to C$17.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. TD Securities lifted their price objective on shares of Hudbay Minerals from C$13.00 to C$15.00 and gave the stock a "buy" rating in a report on Tuesday, June 24th. Stifel Nicolaus lifted their target price on Hudbay Minerals from C$17.00 to C$20.00 and gave the stock a "buy" rating in a research note on Thursday, August 14th. Veritas upgraded Hudbay Minerals to a "strong-buy" rating in a research note on Monday, July 7th. Finally, Scotiabank lifted their target price on Hudbay Minerals from C$14.00 to C$15.50 in a research note on Monday, June 16th.

Hudbay Minerals Stock Down 1.0%

HBM traded down C$0.18 during mid-day trading on Friday, reaching C$18.59. 1,378,547 shares of the stock were exchanged, compared to its average volume of 1,710,309. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.85 and a current ratio of 1.86. The stock has a market capitalization of C$7.36 billion, a PE ratio of 25.47, a price-to-earnings-growth ratio of 3.97 and a beta of 2.02. The company has a 50 day moving average price of C$15.22 and a two-hundred day moving average price of C$12.84. Hudbay Minerals has a 1 year low of C$8.49 and a 1 year high of C$19.22.

Hudbay Minerals Dividend Announcement

The firm also recently announced a half year 25 dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 19th will be paid a dividend of $0.01 per share. This represents a dividend yield of 6.0%. The ex-dividend date is Tuesday, September 2nd. Hudbay Minerals's payout ratio is presently 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.