Hudbay Minerals Inc. (TSE:HBM) Plans 1 Dividend of $0.02

Hudbay Minerals Inc. (TSE:HBMGet Free Report) (NYSE:HBM) declared a 1 dividend on Monday, March 4th, Zacks reports. Shareholders of record on Friday, March 22nd will be paid a dividend of 0.02 per share by the mining company on Tuesday, March 5th. This represents a yield of 0.13%. The ex-dividend date is Friday, March 22nd.

Hudbay Minerals Price Performance

TSE HBM opened at C$9.39 on Thursday. Hudbay Minerals has a 52 week low of C$5.46 and a 52 week high of C$9.50. The firm has a market capitalization of C$3.29 billion, a P/E ratio of 31.30, a PEG ratio of 3.97 and a beta of 1.96. The company has a quick ratio of 0.85, a current ratio of 1.25 and a debt-to-equity ratio of 62.93. The company has a 50-day moving average price of C$7.75 and a 200-day moving average price of C$6.92.

Hudbay Minerals (TSE:HBMGet Free Report) (NYSE:HBM) last announced its quarterly earnings data on Friday, February 23rd. The mining company reported C$0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.15 by C$0.12. The company had revenue of C$819.90 million during the quarter, compared to the consensus estimate of C$710.46 million. Hudbay Minerals had a return on equity of 3.68% and a net margin of 3.93%. Equities research analysts anticipate that Hudbay Minerals will post 0.7080232 earnings per share for the current year.

Insider Transactions at Hudbay Minerals

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

Analysts Set New Price Targets

HBM has been the topic of a number of recent analyst reports. Raymond James increased their target price on Hudbay Minerals from C$9.00 to C$10.50 in a research note on Wednesday. Scotiabank raised their price target on Hudbay Minerals from C$10.50 to C$11.00 and gave the company an “outperform” rating in a research note on Tuesday, February 6th. BMO Capital Markets cut their price target 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. CIBC raised their price objective on Hudbay Minerals from C$10.00 to C$11.00 and gave the company an “outperform” rating in a research report on Tuesday, February 27th. Finally, Bank of America raised their price objective on Hudbay Minerals from C$6.75 to C$8.50 in a research report on Tuesday, January 2nd. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Hudbay Minerals has an average rating of “Moderate Buy” and an average target price of C$9.50.

Get Our Latest Analysis on HBM

Hudbay Minerals Company Profile

(Get Free Report)

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.

Recommended Stories

Dividend History for Hudbay Minerals (TSE:HBM)

Receive News & Ratings for Hudbay Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudbay Minerals and related companies with MarketBeat.com's FREE daily email newsletter.