Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) has been given an average rating of “Buy” by the thirteen ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$13.25.
Several brokerages have weighed in on HBM. TD Securities dropped their price objective on Hudbay Minerals from C$17.00 to C$15.00 and set an “action list buy” rating for the company in a report on Monday, April 2nd. BMO Capital Markets boosted their price objective on Hudbay Minerals from C$11.25 to C$12.00 in a report on Tuesday, January 23rd. CIBC boosted their price objective on Hudbay Minerals from C$14.00 to C$16.00 in a report on Monday, January 22nd. Royal Bank of Canada dropped their price objective on Hudbay Minerals from C$14.00 to C$13.00 and set an “outperform” rating for the company in a report on Wednesday, February 28th. Finally, Eight Capital boosted their price objective on Hudbay Minerals from C$15.50 to C$16.00 in a report on Monday, April 2nd.
Hudbay Minerals stock opened at C$9.54 on Thursday. Hudbay Minerals has a 12-month low of C$6.13 and a 12-month high of C$12.65.
Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released its quarterly earnings results on Wednesday, February 21st. The mining company reported C$0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.34 by C($0.01). Hudbay Minerals had a net margin of 24.07% and a return on equity of 19.07%. The business had revenue of C$526.00 million during the quarter, compared to the consensus estimate of C$513.30 million.
The business also recently declared a Semi-Annual dividend, which was paid on Thursday, March 29th. Stockholders of record on Friday, March 9th were paid a $0.01 dividend. The ex-dividend date of this dividend was Thursday, March 8th. This represents a dividend yield of 0.1%.
In other news, insider Gmt Capital Corp sold 7,300 shares of the company’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of C$9.45, for a total value of C$68,985.00. Over the last ninety days, insiders sold 105,500 shares of company stock valued at $875,109.
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Hudbay Minerals Company Profile
Hudbay Minerals Inc is a Canada-based mining company. The Company is engaged in the production of copper concentrate, consisting of copper, gold and silver, as well as zinc metal. The Company is focused on the discovery, production and marketing of base and precious metals. The Company has assets in North and South America.
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