Hudbay Minerals Inc. (TSE:HBM) Receives Consensus Rating of "Buy" from Brokerages

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 currently covering the stock, Marketbeat reports. Eight investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$17.25.

A number of analysts recently weighed in on HBM shares. Royal Bank Of Canada upped their price objective on shares of Hudbay Minerals from C$19.00 to C$20.00 in a research note on Wednesday, September 10th. Bank of America upped their price objective on shares of Hudbay Minerals from C$16.00 to C$18.00 in a research note on Friday, August 29th. Veritas raised shares of Hudbay Minerals to a "strong-buy" rating in a research note on Monday, July 7th. Raymond James Financial upped their price objective on shares of Hudbay Minerals from C$17.00 to C$18.50 in a research note on Thursday, August 21st. Finally, Scotiabank upped their price objective on shares of Hudbay Minerals from C$14.00 to C$15.50 in a research note on Monday, June 16th.

Hudbay Minerals Trading Down 1.7%

Hudbay Minerals stock traded down C$0.33 during trading hours on Friday, hitting C$18.79. The company had a trading volume of 994,226 shares, compared to its average volume of 1,708,991. The firm has a market cap of C$7.43 billion, a P/E ratio of 25.74, a P/E/G ratio of 3.97 and a beta of 2.02. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.85 and a current ratio of 1.86. Hudbay Minerals has a 1 year low of C$8.49 and a 1 year high of C$19.22. The company has a 50-day moving average price of C$15.06 and a two-hundred day moving average price of C$12.76.

Hudbay Minerals Dividend Announcement

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