Brokerages Set Hudbay Minerals Inc. (TSE:HBM) Target Price at C$15.54

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) have been given a consensus recommendation of “Buy” by the fourteen brokerages that are covering the company, Marketbeat reports. Twelve research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$15.54.

HBM has been the topic of a number of research analyst reports. Royal Bank of Canada reduced their price target on shares of Hudbay Minerals from C$18.00 to C$16.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 10th. Jefferies Financial Group boosted their target price on shares of Hudbay Minerals from C$14.00 to C$15.00 in a research note on Friday, October 4th. Stifel Nicolaus increased their price target on Hudbay Minerals from C$15.00 to C$16.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Canaccord Genuity Group reduced their price objective on Hudbay Minerals from C$16.00 to C$15.00 in a research report on Monday, July 22nd. Finally, Scotiabank increased their target price on Hudbay Minerals from C$14.50 to C$15.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th.

Hudbay Minerals Stock Performance

TSE:HBM opened at C$12.01 on Wednesday. Hudbay Minerals has a twelve month low of C$5.88 and a twelve month high of C$14.33. The company has a quick ratio of 0.85, a current ratio of 1.87 and a debt-to-equity ratio of 49.37. The stock’s 50-day simple moving average is C$12.01 and its 200 day simple moving average is C$11.90. The firm has a market capitalization of C$4.73 billion, a PE ratio of 32.46, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83.

Hudbay Minerals Announces Dividend

The company also recently announced a 1 dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, September 20th were issued a $0.02 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a yield of 0.09%. Hudbay Minerals’s payout ratio is 5.41%.

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.