Hudbay Minerals Inc. (NYSE:HBM) Announces $0.01 Semi-Annual Dividend

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) announced a Semi-Annual dividend on Monday, August 12th, Zacks reports. Shareholders 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 dividend payout ratio of 1.1% indicating that its dividend is sufficiently covered by earnings. 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 Trading Up 2.3 %

Shares of NYSE:HBM traded up $0.17 during midday trading on Wednesday, hitting $7.45. The company had a trading volume of 2,091,603 shares, compared to its average volume of 2,956,744. The company has a current ratio of 1.40, a quick ratio of 1.00 and a debt-to-equity ratio of 0.61. Hudbay Minerals has a 12 month low of $3.94 and a 12 month high of $10.49. The firm has a fifty day simple moving average of $8.56 and a 200 day simple moving average of $7.76. The stock has a market cap of $2.93 billion, a price-to-earnings ratio of 31.65 and a beta of 1.83.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last issued its earnings results on Tuesday, May 14th. The mining company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.03 by $0.13. The firm 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, analysts predict that Hudbay Minerals will post 0.59 EPS for the current year.

Analysts Set New Price Targets

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

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.