Hudbay Minerals (HBM) Given New C$10.50 Price Target at CIBC
Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price objective hoisted by CIBC from C$9.50 to C$10.50 in a report published on Monday, BayStreet.CA reports.
Other equities research analysts have also issued research reports about the stock. Raymond James boosted their price target on shares of Hudbay Minerals from C$9.00 to C$10.50 in a report on Monday, April 8th. CSFB upped their price objective on shares of Hudbay Minerals from C$10.50 to C$12.50 in a research note on Friday, March 29th. Canaccord Genuity upped their price objective on shares of Hudbay Minerals from C$9.00 to C$10.50 in a research note on Monday, April 15th. Eight Capital upped their price objective on shares of Hudbay Minerals from C$10.00 to C$11.00 in a research note on Monday, March 11th. Finally, BMO Capital Markets upped their price objective on shares of Hudbay Minerals from C$10.50 to C$11.00 and gave the company an outperform rating in a research note on Tuesday, March 12th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of C$11.23.
HBM stock opened at C$9.34 on Monday. Hudbay Minerals has a 52-week low of C$4.51 and a 52-week high of C$10.42. The company has a current ratio of 2.36, a quick ratio of 1.94 and a debt-to-equity ratio of 48.43. The company has a market cap of $2.46 billion and a PE ratio of 28.56.
The business also recently disclosed a Semi-Annual dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were paid a $0.01 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a yield of 0.11%. Hudbay Minerals’s dividend payout ratio is presently 4.72%.
Hudbay Minerals Company Profile
Hudbay Minerals Inc, an integrated 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; and zinc metal. 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.
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