Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) shares traded down 3.2% during mid-day trading on Thursday . The stock traded as low as C$8.84 and last traded at C$8.86. 853,941 shares were traded during trading, a decline of 41% from the average session volume of 1,455,498 shares. The stock had previously closed at C$9.15.

A number of research analysts have issued reports on the stock. Royal Bank of Canada upped their target price on shares of Hudbay Minerals from C$8.00 to C$9.00 and gave the company a “sector perform” rating in a research report on Friday, March 1st. Eight Capital restated a “buy” rating and set a C$10.00 target price on shares of Hudbay Minerals in a research report on Tuesday, February 19th. BMO Capital Markets upped their target price on shares of Hudbay Minerals from C$10.50 to C$11.00 and gave the company an “outperform” rating in a research report on Tuesday. CIBC upped their target price on shares of Hudbay Minerals from C$8.00 to C$9.50 in a research report on Monday, February 25th. Finally, Raymond James downgraded shares of Hudbay Minerals from an “outperform” rating to a “market perform” rating and set a C$9.00 target price on the stock. in a research report on Thursday, February 21st. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Hudbay Minerals has an average rating of “Buy” and an average target price of C$10.58.

The company has a debt-to-equity ratio of 48.43, a current ratio of 2.36 and a quick ratio of 1.94. The company has a market cap of $2.39 billion and a PE ratio of 27.09.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its quarterly earnings results on Tuesday, February 19th. The mining company reported C$0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C($0.01) by C$0.08. The company had revenue of C$464.96 million for the quarter, compared to the consensus estimate of C$428.92 million. As a group, equities research analysts anticipate that Hudbay Minerals Inc will post 0.469999985693349 EPS for the current fiscal year.

The firm also recently announced a Semi-Annual dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 8th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Thursday, March 7th. This represents a yield of 0.11%. Hudbay Minerals’s dividend payout ratio is currently 6.12%.

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About Hudbay Minerals (TSE:HBM)

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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