Hudbay Minerals Inc., a diversified mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; silver/gold doré; molybdenum concentrates; and zinc metals. The company owns three polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru; and copper projects in Arizona and Nevada, the United States. HudBay Minerals Inc. was founded in 1927 and is headquartered in Toronto, Canada.
Hudbay Minerals Stock Down 3.2 %
Shares of HBM opened at $4.56 on Monday. Hudbay Minerals has a 52 week low of $3.08 and a 52 week high of $8.75. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of -13.82, a PEG ratio of 0.86 and a beta of 2.00. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.97 and a current ratio of 1.41. The stock has a fifty day moving average of $4.17 and a 200-day moving average of $6.09.
Hudbay Minerals Dividend Announcement
The business also recently disclosed a Semi-Annual dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 2nd will be issued a $0.008 dividend. The ex-dividend date is Thursday, September 1st. This represents a yield of 0.3%. Hudbay Minerals's payout ratio is -6.06%.
Analyst Ratings Changes
HBM has been the topic of a number of recent research reports. Scotiabank lowered their target price on Hudbay Minerals from C$10.00 to C$7.50 in a research report on Thursday, July 7th. CIBC lowered their price target on Hudbay Minerals from C$14.00 to C$11.50 in a research report on Wednesday, May 18th. Canaccord Genuity Group lowered their price target on Hudbay Minerals from C$11.50 to C$9.50 in a research report on Thursday, July 14th. Stifel Nicolaus decreased their target price on Hudbay Minerals from C$16.50 to C$12.00 in a research report on Tuesday, July 19th. Finally, Royal Bank of Canada decreased their target price on Hudbay Minerals from C$14.00 to C$12.00 in a research report on Wednesday, May 11th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Hudbay Minerals presently has a consensus rating of "Moderate Buy" and an average price target of $11.44.