Hudbay Minerals (TSE:HBM) Price Target Cut to C$10.10 by Analysts at Stifel Nicolaus

Hudbay Minerals (TSE:HBM – Free Report) (NYSE:HBM) had its price objective decreased by Stifel Nicolaus from C$10.60 to C$10.10 in a research note published on Tuesday, BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the mining company’s stock.

HBM has been the topic of several other research reports. Barclays raised Hudbay Minerals from an equal weight rating to an outperform rating in a research note on Friday, July 7th. Bank of America lifted their price target on Hudbay Minerals from C$7.25 to C$8.25 and gave the company a neutral rating in a research note on Wednesday, August 9th. Credit Suisse Group dropped their price target on Hudbay Minerals from C$9.00 to C$8.00 in a research note on Monday. Raymond James dropped their price target on Hudbay Minerals from C$10.00 to C$9.50 in a research note on Friday, June 2nd. Finally, Canaccord Genuity Group lowered their target price on Hudbay Minerals from C$11.25 to C$11.00 in a research report on Tuesday, July 18th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Hudbay Minerals presently has a consensus rating of Moderate Buy and a consensus target price of C$9.46.

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Hudbay Minerals Stock Performance

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Shares of Hudbay Minerals stock opened at C$6.46 on Tuesday. The company has a market capitalization of C$2.24 billion, a PE ratio of 92.29, a PEG ratio of 3.97 and a beta of 2.06. Hudbay Minerals has a 12 month low of C$5.00 and a 12 month high of C$8.47. The company has a current ratio of 0.90, a quick ratio of 0.85 and a debt-to-equity ratio of 69.75. The stock’s fifty day simple moving average is C$6.85 and its 200 day simple moving average is C$6.73.

Hudbay Minerals Announces Dividend

The company also recently disclosed a 1 dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, January 1st will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, September 22nd. Hudbay Minerals’s dividend payout ratio is currently 28.57%.

Hudbay Minerals Company Profile

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Hudbay Minerals Inc, a diversified mining company, together with its subsidiaries, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing copper, gold, and silver; zinc concentrates; zinc metal; and gold and silver doré and molybdenum concentrates.