Hudbay Minerals (TSE:HBM) Reaches New 1-Year High at $9.63

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$9.63 and last traded at C$9.52, with a volume of 1226328 shares traded. The stock had previously closed at C$9.38.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Canaccord Genuity Group increased their price target on Hudbay Minerals from C$9.00 to C$9.25 and gave the stock a “buy” rating in a report on Friday, January 12th. BMO Capital Markets reduced their target price on Hudbay Minerals from C$9.50 to C$8.50 and set an “outperform” rating on the stock in a research note on Friday, December 22nd. TD Securities boosted their target price on shares of Hudbay Minerals from C$10.00 to C$10.50 and gave the company a “buy” rating in a research note on Friday, December 8th. Bank of America raised their price target on shares of Hudbay Minerals from C$6.75 to C$8.50 in a research note on Tuesday, January 2nd. Finally, Scotiabank boosted their price objective on shares of Hudbay Minerals from C$10.50 to C$11.00 and gave the company an “outperform” rating in a research report on Tuesday, February 6th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$9.64.

Hudbay Minerals Trading Up 1.1 %

The company has a debt-to-equity ratio of 62.93, a current ratio of 1.25 and a quick ratio of 0.85. The stock has a market cap of C$3.32 billion, a price-to-earnings ratio of 31.73, a P/E/G ratio of 3.97 and a beta of 1.96. The company’s fifty day moving average price is C$7.95 and its 200-day moving average price is C$7.02.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its quarterly earnings results on Friday, February 23rd. The mining company reported C$0.27 earnings per share for the quarter, topping the consensus estimate of C$0.15 by C$0.12. Hudbay Minerals had a net margin of 3.93% and a return on equity of 3.68%. The company had revenue of C$819.90 million for the quarter, compared to the consensus estimate of C$710.46 million. On average, research analysts expect that Hudbay Minerals Inc. will post 0.5546318 EPS for the current fiscal year.

Hudbay Minerals Announces Dividend

The company also recently disclosed a 1 dividend, which was paid on Tuesday, March 5th. Stockholders of record on Friday, March 22nd were paid a dividend of $0.02 per share. The ex-dividend date was Friday, March 22nd. This represents a dividend yield of 0.13%. Hudbay Minerals’s payout ratio is 6.67%.

Insider Activity at Hudbay Minerals

In other Hudbay Minerals news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$9.45, for a total value of C$46,446.75. In related news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$9.45, for a total value of C$46,446.75. Also, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of C$6.01, for a total transaction of C$117,188.99. Company insiders own 0.07% of the company’s stock.

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.