Hudbay Minerals (TSE:HBM) Sets New 52-Week High at $11.02

Hudbay Minerals Inc. (TSE:HBM - Get Free Report) NYSE: HBM's stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$11.02 and last traded at C$10.54, with a volume of 694619 shares. The stock had previously closed at C$10.51.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HBM. Stifel Nicolaus set a C$11.25 target price on Hudbay Minerals and gave the company a "buy" rating in a report on Tuesday, March 26th. BMO Capital Markets decreased their price objective on Hudbay Minerals from C$9.50 to C$8.50 and set an "outperform" rating for the company in a research note on Friday, December 22nd. National Bankshares lifted their price objective on Hudbay Minerals from C$8.50 to C$8.75 and gave the company a "sector perform" rating in a research note on Monday, February 26th. Raymond James lifted their price objective on Hudbay Minerals from C$9.00 to C$10.50 in a research note on Wednesday, March 20th. Finally, CIBC lifted their price objective on Hudbay Minerals from C$10.00 to C$11.00 and gave the company an "outperform" rating in a research note on Tuesday, February 27th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Hudbay Minerals presently has a consensus rating of "Moderate Buy" and an average price target of C$10.00.

Hudbay Minerals Stock Performance

The firm has a market cap of C$3.69 billion, a price-to-earnings ratio of 35.10, a price-to-earnings-growth ratio of 3.97 and a beta of 1.96. The company has a quick ratio of 0.85, a current ratio of 1.25 and a debt-to-equity ratio of 62.93. The stock has a fifty day moving average price of C$8.65 and a 200-day moving average price of C$7.36.

Hudbay Minerals (TSE:HBM - Get Free Report) NYSE: HBM last posted its quarterly earnings results on Friday, February 23rd. The mining company reported C$0.27 earnings per share for the quarter, beating analysts' consensus estimates of C$0.15 by C$0.12. Hudbay Minerals had a return on equity of 3.68% and a net margin of 3.93%. The firm had revenue of C$819.90 million for the quarter, compared to the consensus estimate of C$710.46 million. On average, analysts expect that Hudbay Minerals Inc. will post 0.681388 earnings per share for the current fiscal year.

Hudbay Minerals Announces Dividend

The company also recently announced a 1 dividend, which was paid on Tuesday, March 5th. Shareholders of record on Friday, March 22nd were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, March 22nd. This represents a yield of 0.13%. Hudbay Minerals's payout ratio is 6.67%.

Insiders Place Their Bets

In other Hudbay Minerals news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the business's stock in a transaction on Friday, March 15th. The stock was sold at an average price of C$9.45, for a total transaction of C$46,446.75. In other Hudbay Minerals news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the business's stock in a transaction on Friday, March 15th. The stock was sold at an average price of C$9.45, for a total transaction of C$46,446.75. Also, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the company's stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of C$6.01, for a total value of C$117,188.99. 0.07% of the stock is owned by company insiders.

Hudbay Minerals Company Profile

Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.