Brokerages Set Hudbay Minerals Inc. (TSE:HBM) Price Target at C$15.12

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) has received a consensus rating of “Buy” from the fifteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Thirteen analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$15.12.

A number of brokerages recently issued reports on HBM. Scotiabank decreased their price target on shares of Hudbay Minerals from C$15.50 to C$14.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Stifel Nicolaus lifted 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 note on Thursday, January 30th. Canaccord Genuity Group decreased their price target on shares of Hudbay Minerals from C$15.50 to C$14.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Royal Bank of Canada decreased 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 note on Thursday, February 20th. Finally, TD Securities reduced their price objective 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 Trading Up 0.9 %

Shares of HBM stock opened at C$10.27 on Monday. Hudbay Minerals has a fifty-two week low of C$7.87 and a fifty-two week high of C$14.33. The company has a 50 day moving average price of C$12.10 and a 200 day moving average price of C$11.87. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.85 and a current ratio of 1.86. The stock has a market capitalization of C$2.85 billion, a P/E ratio of 28.92, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83.

Hudbay Minerals Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 21st will be given a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a yield of 0.1%. Hudbay Minerals’s dividend payout ratio (DPR) is 5.63%.

Insider Activity at Hudbay Minerals

In other Hudbay Minerals news, Senior Officer Robert Alan Carter sold 8,014 shares of the business’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 acquired 9,300 shares of the company’s stock in a transaction on Friday, February 21st. The stock was purchased 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.