Hudbay Minerals Inc. (TSE:HBM) Receives Average Rating of “Buy” from Analysts

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have received a consensus rating of “Buy” from the fifteen brokerages that are covering the firm, MarketBeat Ratings reports. Thirteen analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$15.18.

A number of equities analysts have recently weighed in on HBM shares. National Bankshares cut their price objective on shares of Hudbay Minerals from C$17.00 to C$15.50 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Royal Bank of Canada boosted their price objective on shares of Hudbay Minerals from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research report on Thursday, March 13th. Canaccord Genuity Group cut 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 research report on Thursday, February 20th. Stifel Nicolaus upped their price target on shares of Hudbay Minerals from C$16.00 to C$16.50 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Finally, TD Securities dropped their price target on shares of Hudbay Minerals from C$15.00 to C$14.00 and set a “buy” rating for the company in a research report on Thursday, February 20th.

Hudbay Minerals Stock Performance

TSE:HBM opened at C$11.90 on Friday. The firm has a 50 day simple moving average of C$11.69 and a 200-day simple moving average of C$11.90. The company has a debt-to-equity ratio of 46.39, a current ratio of 1.86 and a quick ratio of 0.85. The firm has a market cap of C$3.30 billion, a PE ratio of 33.51, a P/E/G ratio of 3.97 and a beta of 1.83. Hudbay Minerals has a 1-year low of C$9.08 and a 1-year high of C$14.33.

Hudbay Minerals Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 21st will be paid a dividend of $0.01 per share. The ex-dividend date is Tuesday, March 4th. This represents a yield of 0.1%. Hudbay Minerals’s dividend payout ratio is currently 5.63%.

Insiders Place Their Bets

In other news, Director Peter Gerald Jan Kukielski bought 9,300 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was acquired at an average cost of C$10.76 per share, for a total transaction of C$100,068.00. 0.07% of the stock is owned by insiders.

About Hudbay Minerals

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.