Hudbay Minerals Inc. (HBM) to Issue Semi-Annual Dividend of $0.01 on September 20th

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) declared a Semi-Annual dividend on Monday, August 12th, Zacks reports. Stockholders of record on Tuesday, September 3rd will be paid a dividend of 0.007 per share by the mining company on Friday, September 20th. The ex-dividend date is Tuesday, September 3rd.

Hudbay Minerals has a payout ratio of 1.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Hudbay Minerals to earn $0.87 per share next year, which means the company should continue to be able to cover its $0.01 annual dividend with an expected future payout ratio of 1.1%.

Hudbay Minerals Stock Up 2.7 %

Shares of NYSE:HBM traded up $0.20 during mid-day trading on Wednesday, hitting $7.48. 2,329,250 shares of the company traded hands, compared to its average volume of 2,958,273. The firm has a market cap of $2.94 billion, a P/E ratio of 31.65 and a beta of 1.83. The firm’s 50 day simple moving average is $8.56 and its 200 day simple moving average is $7.76. Hudbay Minerals has a 52-week low of $3.94 and a 52-week high of $10.49. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.00 and a current ratio of 1.40.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last announced its quarterly earnings data on Tuesday, May 14th. The mining company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.13. The business had revenue of $524.99 million during the quarter, compared to the consensus estimate of $463.69 million. Hudbay Minerals had a net margin of 4.36% and a return on equity of 6.22%. On average, equities analysts anticipate that Hudbay Minerals will post 0.59 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HBM. National Bank Financial raised shares of Hudbay Minerals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 14th. Jefferies Financial Group raised shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a research report on Wednesday. StockNews.com downgraded Hudbay Minerals from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Stifel Canada raised Hudbay Minerals to a “strong-buy” rating in a research note on Monday, July 22nd. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Hudbay Minerals has a consensus rating of “Buy” and a consensus target price of $10.36.

About Hudbay Minerals

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.