Hudbay Minerals Inc. Announces Dividend of $0.01 (TSE:HBM)

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) declared a dividend on Tuesday, March 4th, TickerTech Dividends reports. Investors of record on Friday, March 21st will be given a dividend of 0.01 per share by the mining company on Friday, March 21st. This represents a dividend yield of 0.1%. The ex-dividend date of this dividend is Tuesday, March 4th.

Hudbay Minerals Price Performance

Hudbay Minerals stock opened at C$10.27 on Friday. Hudbay Minerals has a 52 week low of C$7.87 and a 52 week high of C$14.33. The company’s 50 day moving average price is C$12.07 and its two-hundred day moving average price is C$11.87. The stock has a market cap of C$2.85 billion, a P/E ratio of 28.92, a P/E/G ratio of 3.97 and a beta of 1.83. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39.

Wall Street Analyst Weigh In

HBM has been the topic of a number of recent analyst reports. National Bankshares dropped their price target on Hudbay Minerals from C$17.00 to C$15.50 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Scotiabank lowered their target price on Hudbay Minerals from C$15.50 to C$14.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Royal Bank of Canada reduced their price target on shares of Hudbay Minerals from C$16.00 to C$15.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Canaccord Genuity Group decreased their price objective on shares of Hudbay Minerals from C$15.50 to C$14.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Finally, Stifel Nicolaus boosted their target price on shares of Hudbay Minerals from C$16.00 to C$16.50 and gave the company a “buy” rating in a research note on Thursday, January 30th. Thirteen investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$15.12.

Insider Activity at Hudbay Minerals

In other Hudbay Minerals news, Senior Officer Robert Alan Carter sold 8,014 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of C$13.24, for a total value of C$106,105.36. Also, Director Peter Gerald Jan Kukielski purchased 9,300 shares of Hudbay Minerals stock in a transaction dated Friday, February 21st. The shares were purchased at an average price of C$10.76 per share, with a total value of C$100,068.00. 0.07% of the stock is currently owned by corporate insiders.

Hudbay Minerals Company Profile

Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.