Hudbay Minerals (TSE:HBM) Price Target Raised to C$16.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price objective lifted by Royal Bank of Canada from C$15.00 to C$16.00 in a report released on Thursday,BayStreet.CA reports. They currently have an outperform rating on the mining company’s stock.

HBM has been the subject of a number of other reports. Canaccord Genuity Group dropped their target price 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. Scotiabank lowered their price objective on shares of Hudbay Minerals from C$15.50 to C$14.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. National Bankshares lowered 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 report on Thursday, February 20th. TD Securities lowered their target price on shares of Hudbay Minerals from C$15.00 to C$14.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Finally, 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 report 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. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$15.18.

Hudbay Minerals Trading Up 3.8 %

Shares of HBM stock opened at C$11.07 on Thursday. The stock’s fifty day simple moving average is C$11.76 and its 200 day simple moving average is C$11.88. Hudbay Minerals has a twelve month low of C$9.01 and a twelve month high of C$14.33. The firm has a market capitalization of C$3.07 billion, a P/E ratio of 31.17, 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.

Hudbay Minerals Announces Dividend

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

Insiders Place Their Bets

In related news, Director Peter Gerald Jan Kukielski bought 9,300 shares of the business’s stock in a transaction on Friday, February 21st. The stock was acquired 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 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.