Desjardins Upgrades Hudbay Minerals (TSE:HBM) to Moderate Buy

Desjardins upgraded shares of Hudbay Minerals (TSE:HBM) (NYSE:HBM) to a moderate buy rating in a report issued on Thursday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the company. Scotiabank dropped their price target on Hudbay Minerals from C$14.00 to C$13.50 and set an “outperform” rating on the stock in a research note on Friday, March 28th. Stifel Canada raised shares of Hudbay Minerals to a “strong-buy” rating in a research report on Wednesday, March 19th. Stifel Nicolaus upped their price target on shares of Hudbay Minerals from C$16.00 to C$16.50 and gave the company a “buy” rating in a research report on Thursday, January 30th. Canaccord Genuity Group lowered their price objective on shares of Hudbay Minerals from C$15.50 to C$14.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Finally, Royal Bank of Canada increased their target price on Hudbay Minerals from C$15.00 to C$16.00 and gave the company an “outperform” rating in a report on Thursday, March 13th. Thirteen research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Hudbay Minerals currently has a consensus rating of “Buy” and a consensus price target of C$15.48.

Hudbay Minerals Stock Performance

HBM opened at C$8.93 on Thursday. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39. The firm has a market cap of C$2.48 billion, a PE ratio of 25.15, a P/E/G ratio of 3.97 and a beta of 1.83. The business has a fifty day simple moving average of C$11.37 and a 200-day simple moving average of C$11.94. Hudbay Minerals has a fifty-two week low of C$8.59 and a fifty-two week high of C$14.33.

Hudbay Minerals Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 21st were issued a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a yield of 0.1%. Hudbay Minerals’s dividend payout ratio is currently 5.63%.

Insider Buying and Selling at Hudbay Minerals

In other Hudbay Minerals news, Senior Officer Francisco Javier Del Rio Del Aguila sold 12,959 shares of the firm’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of C$12.00, for a total transaction of C$155,508.00. Also, Director Peter Gerald Jan Kukielski purchased 9,300 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were bought at an average price of C$10.76 per share, with a total value of C$100,068.00. Insiders acquired 11,800 shares of company stock worth $127,418 over the last ninety days. 0.07% of the stock is currently owned by insiders.

Hudbay Minerals Company Profile

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.