Hudbay Minerals (TSE:HBM) Price Target Increased to C$10.00 by Analysts at Scotiabank

Hudbay Minerals (TSE:HBM – Get Rating) (NYSE:HBM) had its price target raised by Scotiabank from C$9.00 to C$10.00 in a research note issued to investors on Tuesday, The Fly reports.

A number of other brokerages have also recently commented on HBM. Credit Suisse Group raised their target price on Hudbay Minerals to C$8.50 in a report on Tuesday, November 22nd. TD Securities cut their target price on Hudbay Minerals from C$10.50 to C$10.00 and set a buy rating on the stock in a research report on Monday, February 27th. Bank of America raised their target price on Hudbay Minerals from C$8.00 to C$8.25 in a research report on Wednesday, January 25th. Haywood Securities raised their price target on Hudbay Minerals from C$7.00 to C$10.00 in a research note on Thursday, February 2nd. Finally, Raymond James raised their price target on Hudbay Minerals from C$9.00 to C$10.00 and gave the stock an outperform rating in a research note on Tuesday, January 31st. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of C$9.32.

Hudbay Minerals Stock Up 1.0 %

Shares of TSE:HBM opened at C$6.37 on Tuesday. The stock has a market cap of C$1.67 billion, a P/E ratio of 17.22, a PEG ratio of 3.97 and a beta of 1.99. The company has a quick ratio of 0.85, a current ratio of 1.17 and a debt-to-equity ratio of 79.22. Hudbay Minerals has a 52-week low of C$4.07 and a 52-week high of C$10.40. The business has a fifty day moving average of C$7.27 and a two-hundred day moving average of C$6.63.

Hudbay Minerals Dividend Announcement

The firm also recently announced a 1 dividend, which was paid on Tuesday, March 7th. Investors of record on Friday, March 24th were paid a $0.02 dividend. The ex-dividend date was Friday, March 24th. This represents a yield of 0.14%. Hudbay Minerals’s payout ratio is currently 5.41%.

Hudbay Minerals Company Profile

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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.