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

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) declared a dividend on Tuesday, March 4th, TickerTech Dividends reports. Investors of record on Friday, March 21st will be paid a dividend of 0.01 per share by the mining company on Friday, March 21st. This represents a yield of 0.1%. The ex-dividend date of this dividend is Tuesday, March 4th.

Hudbay Minerals Trading Up 0.9 %

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HBM. Stifel Nicolaus increased 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. National Bankshares cut their price objective on shares of Hudbay Minerals from C$17.00 to C$15.50 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Scotiabank cut their price objective on shares of Hudbay Minerals from C$15.50 to C$14.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. TD Securities cut their price objective on shares of Hudbay Minerals from C$15.00 to C$14.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. 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 on the stock in a report on Thursday, February 20th. Thirteen equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$15.12.

Insider Buying and Selling at Hudbay Minerals

In other Hudbay Minerals news, Senior Officer Robert Alan Carter sold 8,014 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of C$13.24, for a total value of C$106,105.36. Also, Director Peter Gerald Jan Kukielski acquired 9,300 shares of the stock in a transaction on Friday, February 21st. The stock was purchased at an average cost of C$10.76 per share, with a total value of C$100,068.00. 0.07% of the stock is owned by corporate insiders.

About Hudbay Minerals

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.