Hudbay Minerals Inc. (TSE:HBM) to Issue Dividend of $0.01

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) declared a dividend on Tuesday, March 4th, TickerTech Dividends reports. Stockholders 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 dividend yield of 0.1%. The ex-dividend date is Tuesday, March 4th.

Hudbay Minerals Stock Up 0.9 %

Hudbay Minerals stock opened at C$10.27 on Friday. Hudbay Minerals has a twelve month low of C$7.87 and a twelve month high of C$14.33. The firm has a 50 day moving average price of C$12.07 and a 200-day moving average price of C$11.87. The company has a market capitalization of C$2.85 billion, a P/E ratio of 28.92, a P/E/G ratio of 3.97 and a beta of 1.83. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39.

Wall Street Analysts Forecast Growth

HBM has been the subject of a number of research reports. National Bankshares reduced their target price on shares of Hudbay Minerals from C$17.00 to C$15.50 and set an “outperform” rating for the company in a research report on Thursday, February 20th. TD Securities reduced their target price on shares of Hudbay Minerals from C$15.00 to C$14.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Canaccord Genuity Group reduced their target price on shares of Hudbay Minerals from C$15.50 to C$14.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Stifel Nicolaus raised 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. Finally, Royal Bank of Canada cut their price objective on shares of Hudbay Minerals from C$16.00 to C$15.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Thirteen equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$15.12.

Insider Activity

In other news, Senior Officer Robert Alan Carter sold 8,014 shares of Hudbay Minerals stock in a transaction on 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 acquired 9,300 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were bought at an average cost of C$10.76 per share, with a total value of C$100,068.00. Company insiders own 0.07% of the company’s stock.

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.