Hudbay Minerals (TSE:HBM) Stock Price Crosses Above 200 Day Moving Average - Here's Why

Key Points

• Hudbay Minerals (TSE:HBM) shares recently surpassed their 200-day moving average of C$12.96, trading as high as C$19.26.
• Multiple analysts have raised their price targets on Hudbay Minerals, with a current consensus target price of C$17.25 and a consensus rating of "Buy."
• The company also announced a dividend yield of 6.0%, paying stockholders $0.01 per share on September 19th.

Hudbay Minerals Inc. (TSE:HBM - Get Free Report) NYSE: HBM shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$12.96 and traded as high as C$19.26. Hudbay Minerals shares last traded at C$19.12, with a volume of 3,387,312 shares.

Analysts Set New Price Targets

HBM has been the subject of several recent analyst reports. The Goldman Sachs Group raised Hudbay Minerals to a "buy" rating in a report on Monday, September 8th. Scotiabank increased their price objective on Hudbay Minerals from C$14.00 to C$15.50 in a research report on Monday, June 16th. Royal Bank Of Canada increased their price objective on Hudbay Minerals from C$19.00 to C$20.00 in a research report on Wednesday, September 10th. TD Securities increased their price objective on Hudbay Minerals from C$13.00 to C$15.00 and gave the stock a "buy" rating in a research report on Tuesday, June 24th. Finally, Bank of America increased their price objective on Hudbay Minerals from C$16.00 to C$18.00 in a research report on Friday, August 29th. Three equities research analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of C$17.25.

Hudbay Minerals Stock Up 3.2%

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 capitalization of C$7.57 billion, a P/E ratio of 26.19, a PEG ratio of 3.97 and a beta of 2.02. The company has a 50 day moving average of C$15.39 and a 200-day moving average of C$12.98.

Hudbay Minerals Announces Dividend

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