Hudbay Minerals Inc. (TSE:HBM) Given Average Recommendation of “Buy” by Brokerages

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) has been assigned a consensus rating of “Buy” from the thirteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$15.64.

Several equities analysts have recently commented on HBM shares. Raymond James boosted their price target on shares of Hudbay Minerals from C$16.00 to C$17.00 in a report on Friday, April 4th. BMO Capital Markets upgraded Hudbay Minerals to a “strong-buy” rating in a report on Tuesday, April 15th. Scotiabank dropped their price objective on Hudbay Minerals from C$14.00 to C$13.50 and set an “outperform” rating on the stock in a report on Friday, March 28th. Stifel Nicolaus lifted 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. 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 on the stock in a research note on Thursday, February 20th.

Insider Transactions at Hudbay Minerals

In other news, Senior Officer Francisco Javier Del Rio Del Aguila sold 12,959 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of C$12.00, for a total transaction of C$155,508.00. Also, Director Peter Gerald Jan Kukielski bought 9,300 shares of Hudbay Minerals stock in a transaction that occurred on Friday, February 21st. The stock was purchased at an average cost of C$10.76 per share, with a total value of C$100,068.00. Over the last quarter, insiders have purchased 11,800 shares of company stock worth $127,418. Insiders own 0.07% of the company’s stock.

Hudbay Minerals Stock Performance

HBM stock opened at C$9.59 on Tuesday. The stock has a market cap of C$2.66 billion, a P/E ratio of 27.01, a P/E/G ratio of 3.97 and a beta of 1.83. 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 firm has a 50 day simple moving average of C$10.58 and a 200 day simple moving average of C$11.84. Hudbay Minerals has a 52 week low of C$8.49 and a 52 week high of C$14.33.

Hudbay Minerals Announces Dividend

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

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.