Analysts Set Hudbay Minerals Inc. (TSE:HBM) PT at C$15.18

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have been assigned an average recommendation of “Buy” from the fifteen brokerages that are presently covering the company, MarketBeat reports. Thirteen investment 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 issued ratings on the stock in the last year is C$15.18.

HBM has been the subject of a number of research analyst reports. National Bankshares cut their target price 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. Canaccord Genuity Group lowered their price target on shares of Hudbay Minerals from C$15.50 to C$14.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Scotiabank reduced their target price on shares of 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. TD Securities lowered their target price on Hudbay Minerals from C$15.00 to C$14.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Finally, Royal Bank of Canada raised their price target on Hudbay Minerals from C$15.00 to C$16.00 and gave the company an “outperform” rating in a report on Thursday, March 13th.

Insider Activity at Hudbay Minerals

In other news, Senior Officer Francisco Javier Del Rio Del Aguila sold 12,959 shares of Hudbay Minerals stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of C$12.00, for a total transaction of C$155,508.00. Also, Director Peter Gerald Jan Kukielski acquired 9,300 shares of the stock in a transaction on Friday, February 21st. The shares were purchased at an average cost of C$10.76 per share, with a total value of C$100,068.00. 0.07% of the stock is owned by corporate insiders.

Hudbay Minerals Trading Up 1.8 %

Shares of TSE:HBM opened at C$12.06 on Friday. The firm has a fifty day moving average of C$11.65 and a two-hundred day moving average of C$11.93. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39. Hudbay Minerals has a 12-month low of C$9.08 and a 12-month high of C$14.33. The firm has a market capitalization of C$3.35 billion, a P/E ratio of 33.96, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83.

Hudbay Minerals Dividend Announcement

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

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.