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

Hudbay Minerals Inc. (TSE:HBMGet Free Report) (NYSE:HBM) announced 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 dividend yield of 0.13%. The ex-dividend date is Friday, March 22nd.

Hudbay Minerals Trading Down 2.5 %

Shares of TSE:HBM opened at C$8.15 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 0.85 and a debt-to-equity ratio of 62.93. The company’s 50 day moving average is C$7.37 and its two-hundred day moving average is C$6.74. The company has a market cap of C$2.86 billion, a PE ratio of 27.17, a P/E/G ratio of 3.97 and a beta of 1.97. Hudbay Minerals has a 52 week low of C$5.46 and a 52 week high of C$8.38.

Hudbay Minerals (TSE:HBMGet Free Report) (NYSE:HBM) last posted its earnings results on Friday, February 23rd. The mining company reported C$0.27 EPS for the quarter, beating analysts’ consensus estimates of C$0.15 by C$0.12. The firm had revenue of C$819.90 million for the quarter, compared to the consensus estimate of C$710.46 million. Hudbay Minerals had a net margin of 3.93% and a return on equity of 3.68%. Equities analysts predict that Hudbay Minerals will post 0.8035892 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on HBM. Stifel Nicolaus dropped their target price on shares of Hudbay Minerals from C$10.10 to C$9.30 and set a “buy” rating on the stock in a research report on Monday, November 13th. Bank of America increased their target price on shares of Hudbay Minerals from C$6.75 to C$8.50 in a research report on Tuesday, January 2nd. National Bankshares increased their price target on shares of Hudbay Minerals from C$8.50 to C$8.75 and gave the stock a “sector perform” rating in a research note on Monday, February 26th. BMO Capital Markets decreased their price target on shares of Hudbay Minerals from C$9.50 to C$8.50 and set an “outperform” rating for the company in a research note on Friday, December 22nd. Finally, CIBC increased their price target on shares of Hudbay Minerals from C$10.00 to C$11.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 27th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Hudbay Minerals presently has a consensus rating of “Moderate Buy” and an average price target of C$9.40.

Read Our Latest Stock Analysis on HBM

Hudbay Minerals Company Profile

(Get Free Report)

Hudbay Minerals Inc, a diversified mining company, together with its subsidiaries, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing copper, gold, and silver; zinc concentrates; zinc metal; and gold and silver doré and molybdenum concentrates.

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Dividend History for Hudbay Minerals (TSE:HBM)

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