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

Key Points

• Analysts have a consensus rating of Buy on Hudbay from 13 firms (10 buy, 2 strong buy, 1 hold) with an average 12‑month price target of C$39.17, and several banks recently raised targets (Bank of America to C$44.50, CIBC to C$46.00).
• Insider Eugene Chi‑Yen Lei bought 1,000 shares at C$26.85 on March 27, increasing his holding to about 195,847 shares; company insiders collectively own 0.07% of the stock.
• Hudbay has a market capitalization of C$13.18 billion, a PE of 23.04, reported quarterly EPS of C$0.30, and recently paid a dividend that implies a 3.0% yield (payout ratio 0.99%).

Shares of Hudbay Minerals Inc. (TSE:HBM - Get Free Report) NYSE: HBM have earned a consensus rating of "Buy" from the thirteen research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$39.17.

A number of equities analysts have recently issued reports on HBM shares. Bank of America increased their price objective on shares of Hudbay Minerals from C$37.75 to C$44.50 in a research report on Thursday, February 26th. Canadian Imperial Bank of Commerce upped their price target on Hudbay Minerals from C$42.00 to C$46.00 in a research note on Tuesday. Desjardins set a C$40.00 price target on Hudbay Minerals and gave the stock a "buy" rating in a report on Thursday, March 5th. Scotiabank reduced their price objective on Hudbay Minerals from C$37.00 to C$35.50 and set an "outperform" rating for the company in a research note on Monday, February 23rd. Finally, BMO Capital Markets boosted their price objective on Hudbay Minerals from C$33.00 to C$39.00 in a report on Wednesday.

Insider Buying and Selling

In other Hudbay Minerals news, insider Eugene Chi-Yen Lei acquired 1,000 shares of the stock in a transaction on Friday, March 27th. The shares were purchased at an average price of C$26.85 per share, for a total transaction of C$26,850.00. Following the completion of the acquisition, the insider owned 195,847 shares in the company, valued at approximately C$5,258,491.95. This represents a 0.51% increase in their position. Company insiders own 0.07% of the company's stock.

Hudbay Minerals Stock Up 1.0%

Hudbay Minerals stock opened at C$33.18 on Friday. The company has a market capitalization of C$13.18 billion, a PE ratio of 23.04, a PEG ratio of 3.97 and a beta of 2.28. Hudbay Minerals has a 12-month low of C$9.67 and a 12-month high of C$38.94. The firm's fifty day moving average is C$31.83 and its 200 day moving average is C$28.54. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 33.86.

Hudbay Minerals (TSE:HBM - Get Free Report) NYSE: HBM last posted its quarterly earnings results on Friday, February 20th. The mining company reported C$0.30 EPS for the quarter. Hudbay Minerals had a net margin of 25.80% and a return on equity of 19.30%. The business had revenue of C$1.50 billion during the quarter. As a group, sell-side analysts predict that Hudbay Minerals will post 1.1220575 EPS for the current fiscal year.

Hudbay Minerals Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 27th were given a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a yield of 3.0%. Hudbay Minerals's dividend payout ratio (DPR) is presently 0.99%.

About Hudbay Minerals

Hudbay TSX, NYSE: HBM is a copper-focused critical minerals mining company with three long-life operations and a world-class pipeline of copper growth projects in tier-one mining jurisdictions of Canada, Peru and the United States. Hudbay's operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the Company, which is complemented by meaningful gold production and by-product zinc, silver and molybdenum.

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