Hudbay Minerals Inc. (NYSE:HBM – Get Free Report) (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.
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.
View Our Latest Report on Hudbay Minerals
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.
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