Hudbay Minerals Inc. (TSE:HBM) Plans $0.01 Dividend

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) declared a dividend on Tuesday, March 4th, TickerTech Dividends reports. Shareholders of record on Friday, March 21st will be given a dividend of 0.01 per share by the mining company on Friday, March 21st. This represents a yield of 0.1%. The ex-dividend date is Tuesday, March 4th.

Hudbay Minerals Stock Performance

Hudbay Minerals stock opened at C$10.27 on Friday. The company has a market cap of C$2.85 billion, a PE ratio of 28.92, a P/E/G ratio of 3.97 and a beta of 1.83. The company has a fifty day moving average price of C$12.07 and a two-hundred day moving average price of C$11.87. The company has a debt-to-equity ratio of 46.39, a current ratio of 1.86 and a quick ratio of 0.85. Hudbay Minerals has a 12 month low of C$7.87 and a 12 month high of C$14.33.

Insider Activity at Hudbay Minerals

In related news, Senior Officer Robert Alan Carter sold 8,014 shares of Hudbay Minerals stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of C$13.24, for a total transaction of C$106,105.36. Also, Director Peter Gerald Jan Kukielski purchased 9,300 shares of the company’s stock in a transaction on Friday, February 21st. The stock was acquired at an average price of C$10.76 per share, for a total transaction of C$100,068.00. Company insiders own 0.07% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on HBM shares. Stifel Nicolaus lifted their price objective on shares of Hudbay Minerals from C$16.00 to C$16.50 and gave the stock a “buy” rating in a report on Thursday, January 30th. National Bankshares cut their target price on Hudbay Minerals from C$17.00 to C$15.50 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Scotiabank cut their target price on Hudbay Minerals from C$15.50 to C$14.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Canaccord Genuity Group cut their target price on Hudbay Minerals from C$15.50 to C$14.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Finally, Royal Bank of Canada cut their target price on Hudbay Minerals from C$16.00 to C$15.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Thirteen research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$15.12.

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.