Hudbay Minerals Inc. (TSE:HBM) Given Consensus Rating of "Buy" by Brokerages

Hudbay Minerals Inc. (TSE:HBM - Get Free Report) NYSE: HBM has been given a consensus recommendation of "Buy" by the thirteen brokerages that are covering the stock, Marketbeat reports. Ten research analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$15.67.

A number of research firms have weighed in on HBM. Scotiabank increased their target price on shares of Hudbay Minerals from C$12.00 to C$12.50 and gave the company an "outperform" rating in a research report on Tuesday. Stifel Nicolaus upped their target price on Hudbay Minerals from C$16.00 to C$16.50 and gave the company a "buy" rating in a research report on Thursday, January 30th. TD Securities lowered their target price on Hudbay Minerals from C$15.00 to C$14.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Raymond James increased their price target on Hudbay Minerals from C$16.00 to C$17.00 in a report on Friday, April 4th. Finally, Desjardins raised 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 research report on Tuesday.

Insider Transactions at Hudbay Minerals

In other Hudbay Minerals news, Senior Officer Francisco Javier Del Rio Del Aguila sold 12,959 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of C$12.00, for a total value of C$155,508.00. Also, Director Peter Gerald Jan Kukielski purchased 9,300 shares of the company's stock in a transaction dated Friday, February 21st. The shares were purchased at an average cost of C$10.76 per share, for a total transaction of C$100,068.00. Insiders acquired a total of 11,800 shares of company stock valued at $127,418 over the last 90 days. Company insiders own 0.07% of the company's stock.

Hudbay Minerals Price Performance

Shares of TSE HBM traded up C$0.42 during mid-day trading on Friday, hitting C$12.08. 2,475,700 shares of the stock traded hands, compared to its average volume of 1,827,860. The company has a debt-to-equity ratio of 46.39, a current ratio of 1.86 and a quick ratio of 0.85. The company has a market cap of C$3.35 billion, a PE ratio of 34.02, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83. Hudbay Minerals has a twelve month low of C$8.49 and a twelve month high of C$14.33. The firm has a 50 day simple moving average of C$10.39 and a two-hundred day simple moving average of C$11.60.

Hudbay Minerals Announces Dividend

The company also recently announced a dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 21st were paid a dividend of $0.01 per share. This represents a yield of 0.1%. The ex-dividend date was Tuesday, March 4th. Hudbay Minerals's payout ratio is 5.63%.

Hudbay Minerals Company Profile

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.