Hudbay Minerals (TSE:HBM) Reaches New 52-Week High - Time to Buy?

Key Points

• Hudbay Minerals shares hit a new 52-week high of C$19.07, with a trading volume of 417,823 shares.
• Analysts provide a consensus rating of "Buy" with a price target average of C$17.25, indicating positive growth expectations.
• The company announced a dividend of $0.01 per share with a dividend yield of 6.0%, set to be paid on September 19th.

Hudbay Minerals Inc. (TSE:HBM - Get Free Report) NYSE: HBM shares reached a new 52-week high during trading on Monday . The company traded as high as C$19.07 and last traded at C$19.03, with a volume of 417823 shares traded. The stock had previously closed at C$18.75.

Analyst Ratings Changes

HBM has been the topic of a number of research reports. Veritas raised Hudbay Minerals to a "strong-buy" rating in a research note on Monday, July 7th. Scotiabank boosted their target price on Hudbay Minerals from C$14.00 to C$15.50 in a research report on Monday, June 16th. Stifel Nicolaus boosted their target price on Hudbay Minerals from C$17.00 to C$20.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Bank of America boosted their target price on Hudbay Minerals from C$16.00 to C$18.00 in a research report on Friday, August 29th. Finally, TD Securities upped their price target on Hudbay Minerals from C$13.00 to C$15.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. Three equities research analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of C$17.25.

Hudbay Minerals Stock Performance

The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 46.39. The stock has a fifty day moving average price of C$15.39 and a 200-day moving average price of C$12.96. The firm has a market capitalization of C$7.57 billion, a price-to-earnings ratio of 26.19, a PEG ratio of 3.97 and a beta of 2.02.

Hudbay Minerals Announces Dividend

The business also recently declared a half year 25 dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 19th will be given a $0.01 dividend. This represents a dividend yield of 6.0%. The ex-dividend date is Tuesday, September 2nd. Hudbay Minerals's dividend payout ratio (DPR) is currently 1.96%.

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.