Hudbay Minerals Inc. (TSE:HBM) Receives C$9.73 Consensus Price Target from Analysts

Hudbay Minerals Inc. (TSE:HBM - Get Free Report) NYSE: HBM has been given an average rating of "Moderate Buy" by the twelve analysts that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$9.73.

HBM has been the subject of several research reports. Scotiabank raised their target price on Hudbay Minerals from C$10.50 to C$11.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 6th. Raymond James increased their price target on shares of Hudbay Minerals from C$9.00 to C$10.50 in a research report on Wednesday, March 20th. National Bankshares raised their price target on shares of Hudbay Minerals from C$8.50 to C$8.75 and gave the stock a "sector perform" rating in a research note on Monday, February 26th. TD Securities upped their price objective on Hudbay Minerals from C$10.00 to C$10.50 and gave the company a "buy" rating in a research note on Friday, December 8th. Finally, Bank of America increased their target price on Hudbay Minerals from C$6.75 to C$8.50 in a report on Tuesday, January 2nd.

Insiders Place Their Bets

In other 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 related news, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the stock in a transaction that occurred 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. Also, Senior Officer Mark Zachary Gupta sold 4,915 shares of Hudbay Minerals 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. Company insiders own 0.07% of the company's stock.

Hudbay Minerals Stock Performance

TSE HBM traded up C$0.26 during trading on Tuesday, hitting C$9.72. The company's stock had a trading volume of 1,161,560 shares, compared to its average volume of 1,154,299. Hudbay Minerals has a 52 week low of C$5.46 and a 52 week high of C$9.73. 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 firm has a market cap of C$3.41 billion, a P/E ratio of 32.40, a price-to-earnings-growth ratio of 3.97 and a beta of 1.96. The firm has a 50 day moving average price of C$8.10 and a 200 day moving average price of C$7.08.

Hudbay Minerals (TSE:HBM - Get Free Report) NYSE: HBM last released its earnings results on Friday, February 23rd. The mining company reported C$0.27 EPS for the quarter, beating the consensus estimate of C$0.15 by C$0.12. The firm had revenue of C$819.90 million during the quarter, compared to analysts' expectations of C$710.46 million. Hudbay Minerals had a net margin of 3.93% and a return on equity of 3.68%. Equities research analysts forecast that Hudbay Minerals will post 0.5546318 earnings per share for the current fiscal year.

Hudbay Minerals Dividend Announcement

The business also recently disclosed a 1 dividend, which was paid on Tuesday, March 5th. Investors of record on Friday, March 22nd were given a $0.02 dividend. This represents a yield of 0.13%. The ex-dividend date was Friday, March 22nd. Hudbay Minerals's dividend payout ratio (DPR) is presently 6.67%.

About Hudbay Minerals

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.