Hudbay Minerals Inc. (TSE:HBM) Stock Has Average Price Target of C$42.56

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have been given a consensus rating of “Buy” by the thirteen research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$42.58.

A number of research analysts have recently commented on the company. TD increased their price objective on Hudbay Minerals from C$43.00 to C$44.00 and gave the company a “buy” rating in a report on Thursday. Stifel Nicolaus boosted their target price on Hudbay Minerals from C$41.00 to C$43.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Royal Bank Of Canada boosted their target price on Hudbay Minerals from C$40.00 to C$48.00 in a research note on Wednesday, September 16th. National Bank Financial upped their price target on Hudbay Minerals from C$41.00 to C$42.50 and gave the company a “sector perform” rating in a report on Monday, October 5th. Finally, Barclays increased their price target on shares of Hudbay Minerals from C$41.00 to C$45.00 in a research note on Thursday, July 16th.

Hudbay Minerals Stock Performance

TSE:HBM opened at C$30.76 on Friday. The firm has a market capitalization of C$13.66 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 3.97 and a beta of 2.37. The business’s fifty day moving average price is C$37.39 and its 200 day moving average price is C$35.53. The company has a debt-to-equity ratio of 19.04, a current ratio of 2.24 and a quick ratio of 0.85. Hudbay Minerals has a 12 month low of C$20.26 and a 12 month high of C$44.48.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted its quarterly earnings results on Wednesday, July 29th. The mining company reported C$0.40 earnings per share for the quarter. The company had revenue of C$896.94 million for the quarter. Hudbay Minerals had a return on equity of 18.41% and a net margin of 27.22%. On average, sell-side analysts anticipate that Hudbay Minerals will post 1.12 earnings per share for the current fiscal year.

Hudbay Minerals Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 25th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Tuesday, September 8th. Hudbay Minerals’s payout ratio is presently 1.32%.

About Hudbay Minerals

Hudbay (TSX, NYSE: HBM) is a copper-focused critical minerals mining company with three long-life operations and a world-class pipeline of copper growth projects in tier-one mining jurisdictions of Canada, Peru and the United States. Hudbay’s operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the Company, which is complemented by meaningful gold production and by-product zinc, silver and molybdenum.