Key Points
- Insider purchase: Eugene Chi-Yen Lei bought 1,000 Hudbay shares at C$26.85 on March 27 for C$26,850, increasing his direct holding to 195,847 shares (a 0.51% rise) valued at about C$5.26M.
- Hudbay paid a C$0.01 dividend on March 27 (ex-dividend March 10), representing a yield of roughly 3.0% and a payout ratio near 0.99%.
- Analyst sentiment is broadly positive with an average rating of Buy and an average target price of C$37.90, after several firms raised targets into the C$34–44.50 range.
Hudbay Minerals Inc. (TSE:HBM - Get Free Report) (NYSE:HBM) insider Eugene Chi-Yen Lei acquired 1,000 shares of the firm's stock in a transaction on Friday, March 27th. The shares were acquired at an average price of C$26.85 per share, with a total value of C$26,850.00. Following the completion of the transaction, the insider directly owned 195,847 shares in the company, valued at approximately C$5,258,491.95. This trade represents a 0.51% increase in their position.
Hudbay Minerals Price Performance
Shares of HBM opened at C$26.53 on Tuesday. The company has a market capitalization of C$10.53 billion, a price-to-earnings ratio of 18.42, a P/E/G ratio of 3.97 and a beta of 1.98. Hudbay Minerals Inc. has a fifty-two week low of C$8.49 and a fifty-two week high of C$38.94. The company has a debt-to-equity ratio of 33.86, a current ratio of 0.95 and a quick ratio of 0.85. The business's 50-day moving average is C$32.56 and its 200-day moving average is C$26.97.
Hudbay Minerals (TSE:HBM - Get Free Report) (NYSE:HBM) last posted its quarterly earnings results on Friday, February 20th. The mining company reported C$0.30 EPS for the quarter. Hudbay Minerals had a net margin of 25.80% and a return on equity of 19.30%. The business had revenue of C$1.50 billion during the quarter. Equities research analysts expect that Hudbay Minerals Inc. will post 1.1220575 EPS for the current fiscal year.
Hudbay Minerals Dividend Announcement
The business also recently announced a dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 27th were given a $0.01 dividend. The ex-dividend date was Tuesday, March 10th. This represents a yield of 3.0%. Hudbay Minerals's dividend payout ratio is presently 0.99%.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on HBM shares. UBS Group set a C$34.50 price target on shares of Hudbay Minerals and gave the company a "buy" rating in a report on Friday, January 9th. Raymond James Financial lifted their price objective on Hudbay Minerals from C$34.00 to C$36.00 and gave the company an "outperform" rating in a research report on Monday, January 26th. Bank of America upped their target price on Hudbay Minerals from C$37.75 to C$44.50 in a research report on Thursday, February 26th. Citigroup lifted their price target on Hudbay Minerals from C$23.00 to C$32.50 and gave the company a "buy" rating in a report on Wednesday, February 11th. Finally, Canadian Imperial Bank of Commerce increased their price objective on Hudbay Minerals from C$35.00 to C$42.00 in a report on Wednesday, February 4th. Three investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of C$37.90.
Check Out Our Latest Stock Analysis on Hudbay Minerals
About Hudbay Minerals
(
Get Free Report)
Hudbay (TSX, NYSE: HBM) is a copper-focused critical minerals mining company with three long-life operations and a world-class pipeline of copper growth projects in tier-one mining jurisdictions of Canada, Peru and the United States. Hudbay's operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the Company, which is complemented by meaningful gold production and by-product zinc, silver and molybdenum.
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