Hudbay Minerals (TSE:HBM) Price Target Increased to C$8.50 by Analysts at CSFB

Hudbay Minerals (TSE:HBMGet Rating) (NYSE:HBM) had its price objective increased by CSFB from C$7.00 to C$8.50 in a report issued on Tuesday morning, BayStreet.CA reports.

A number of other analysts also recently issued reports on HBM. Eight Capital reduced their price objective on Hudbay Minerals from C$11.00 to C$10.00 in a research note on Wednesday, October 26th. Bank of America boosted their price target on shares of Hudbay Minerals from C$6.80 to C$8.00 in a research report on Tuesday. BMO Capital Markets reduced their target price on shares of Hudbay Minerals from C$12.50 to C$10.00 in a report on Wednesday, August 17th. Royal Bank of Canada lowered their price target on shares of Hudbay Minerals from C$12.00 to C$10.00 and set an outperform rating for the company in a report on Wednesday, August 10th. Finally, Barclays downgraded Hudbay Minerals from an overweight rating to an equal weight rating in a research report on Monday, October 17th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of C$8.91.

Hudbay Minerals Trading Up 3.7 %

Shares of Hudbay Minerals stock opened at C$7.35 on Tuesday. Hudbay Minerals has a twelve month low of C$4.07 and a twelve month high of C$11.17. The company has a quick ratio of 0.85, a current ratio of 1.24 and a debt-to-equity ratio of 79.51. The business has a 50-day moving average price of C$5.90 and a 200-day moving average price of C$5.87. The firm has a market cap of C$1.92 billion and a price-to-earnings ratio of 18.85.

Hudbay Minerals Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, September 23rd. Stockholders of record on Friday, September 23rd were given a dividend of $0.01 per share. The ex-dividend date was Thursday, September 1st. This represents a dividend yield of 0.17%. Hudbay Minerals’s dividend payout ratio (DPR) is 5.13%.

About Hudbay Minerals

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Hudbay Minerals Inc, a diversified mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; silver/gold doré; molybdenum concentrates; and zinc metals.

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