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

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) has received an average recommendation of “Buy” from the fifteen brokerages that are currently covering the stock, MarketBeat.com reports. Thirteen equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$15.18.

Several research analysts have recently commented on the company. National Bankshares decreased their target price on 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 decreased 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 report on Thursday, February 20th. Stifel Canada upgraded shares of Hudbay Minerals to a “strong-buy” rating in a research note on Wednesday, March 19th. TD Securities reduced 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 report on Thursday, February 20th. Finally, 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.

Insider Activity at Hudbay Minerals

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

Hudbay Minerals Stock Down 1.9 %

TSE:HBM opened at C$11.67 on Friday. 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 company has a market capitalization of C$3.24 billion, a price-to-earnings ratio of 32.86, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83. Hudbay Minerals has a one year low of C$9.08 and a one year high of C$14.33. The stock has a 50-day simple moving average of C$11.67 and a 200 day simple moving average of C$11.91.

Hudbay Minerals Announces Dividend

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