Hudbay Minerals (TSE:HBM) Price Target Raised to C$44.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price target boosted by TD from C$43.00 to C$44.00 in a research note issued to investors on Thursday,BayStreet reports. The brokerage currently has a buy rating on the mining company’s stock.

Several other research analysts have also issued reports on HBM. Barclays upped their target price on Hudbay Minerals from C$41.00 to C$45.00 in a research report on Thursday, July 16th. Raymond James Financial increased their price target on Hudbay Minerals from C$42.00 to C$43.00 in a research note on Wednesday, September 30th. Canaccord Genuity Group lowered their price target on Hudbay Minerals from C$40.00 to C$39.50 and set a “buy” rating for the company in a report on Thursday, July 30th. National Bank Financial boosted their price target on Hudbay Minerals from C$41.00 to C$42.50 and gave the stock a “sector perform” rating in a research note on Monday, October 5th. Finally, Scotiabank cut their price objective on shares of Hudbay Minerals from C$44.00 to C$43.00 and set a “sector outperform” rating on the stock in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Hudbay Minerals has a consensus rating of “Buy” and a consensus target price of C$42.58.

Hudbay Minerals Price Performance

TSE HBM opened at C$30.76 on Thursday. The firm’s fifty day simple moving average is C$37.39 and its two-hundred day simple moving average is C$35.53. The company has a current ratio of 2.24, a quick ratio of 0.85 and a debt-to-equity ratio of 19.04. Hudbay Minerals has a 12-month low of C$20.26 and a 12-month high of C$44.48. The firm has a market capitalization of C$13.66 billion, a P/E ratio of 18.89, a P/E/G ratio of 3.97 and a beta of 2.37.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its quarterly earnings data on Wednesday, July 29th. The mining company reported C$0.40 EPS for the quarter. Hudbay Minerals had a return on equity of 18.41% and a net margin of 27.22%. The firm had revenue of C$896.94 million during the quarter. Analysts forecast that Hudbay Minerals will post 1.12 EPS for the current fiscal year.

Hudbay Minerals Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 25th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.1%. The ex-dividend date 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.