$444.02 Million in Sales Expected for Hudbay Minerals Inc. (NYSE:HBM) This Quarter

Equities analysts predict that Hudbay Minerals Inc. (NYSE:HBMGet Rating) (TSE:HBM) will announce sales of $444.02 million for the current quarter, Zacks reports. Thirteen analysts have provided estimates for Hudbay Minerals’ earnings, with the highest sales estimate coming in at $492.31 million and the lowest estimate coming in at $373.08 million. Hudbay Minerals posted sales of $313.62 million in the same quarter last year, which would indicate a positive year over year growth rate of 41.6%. The firm is scheduled to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Hudbay Minerals will report full-year sales of $1.71 billion for the current year, with estimates ranging from $1.55 billion to $1.83 billion. For the next year, analysts anticipate that the firm will report sales of $1.78 billion, with estimates ranging from $1.65 billion to $2.00 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Hudbay Minerals.

Hudbay Minerals (NYSE:HBMGet Rating) (TSE:HBM) last released its quarterly earnings results on Wednesday, February 23rd. The mining company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Hudbay Minerals had a positive return on equity of 3.83% and a negative net margin of 16.27%. The company had revenue of $425.17 million for the quarter, compared to analysts’ expectations of $440.81 million. During the same period in the prior year, the firm earned ($0.06) earnings per share. The firm’s revenue was up 31.9% compared to the same quarter last year.

A number of research firms have recently weighed in on HBM. Stifel Nicolaus upped their price objective on Hudbay Minerals from C$15.00 to C$16.50 in a research report on Thursday, March 17th. Raymond James upped their price objective on Hudbay Minerals from C$12.00 to C$14.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 18th. Zacks Investment Research lowered Hudbay Minerals from a “buy” rating to a “hold” rating in a research report on Friday, January 28th. National Bank Financial increased their target price on Hudbay Minerals from C$12.50 to C$13.00 in a report on Friday, April 8th. Finally, Scotiabank increased their target price on Hudbay Minerals from C$11.50 to C$12.00 in a report on Wednesday. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $13.64.

Several hedge funds have recently modified their holdings of the business. L1 Capital Pty Ltd boosted its stake in shares of Hudbay Minerals by 16.4% during the fourth quarter. L1 Capital Pty Ltd now owns 11,309,560 shares of the mining company’s stock worth $103,596,000 after buying an additional 1,596,887 shares during the period. Condire Management LP boosted its stake in shares of Hudbay Minerals by 6.3% during the fourth quarter. Condire Management LP now owns 4,250,137 shares of the mining company’s stock worth $30,813,000 after buying an additional 250,137 shares during the period. Allianz Asset Management GmbH boosted its stake in shares of Hudbay Minerals by 128.3% during the third quarter. Allianz Asset Management GmbH now owns 3,740,965 shares of the mining company’s stock worth $23,328,000 after buying an additional 2,102,057 shares during the period. Thornburg Investment Management Inc. boosted its stake in shares of Hudbay Minerals by 328.8% during the third quarter. Thornburg Investment Management Inc. now owns 2,444,645 shares of the mining company’s stock worth $15,230,000 after buying an additional 1,874,545 shares during the period. Finally, Millennium Management LLC acquired a new stake in shares of Hudbay Minerals during the fourth quarter worth about $17,172,000. 66.94% of the stock is currently owned by institutional investors.

Shares of Hudbay Minerals stock traded down $0.14 during trading hours on Wednesday, reaching $7.56. 906,330 shares of the company were exchanged, compared to its average volume of 1,048,922. Hudbay Minerals has a 1 year low of $5.22 and a 1 year high of $9.60. The stock’s fifty day moving average is $7.88 and its 200 day moving average is $7.29. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.98 and a current ratio of 1.29. The firm has a market cap of $1.98 billion, a PE ratio of -8.13, a PEG ratio of 0.36 and a beta of 2.08.

The company also recently disclosed a Semi-Annual dividend, which was paid on Friday, March 25th. Shareholders of record on Tuesday, March 8th were issued a dividend of $0.008 per share. This is a positive change from Hudbay Minerals’s previous Semi-Annual dividend of $0.01. The ex-dividend date of this dividend was Monday, March 7th. This represents a dividend yield of 0.2%. Hudbay Minerals’s dividend payout ratio (DPR) is presently -2.15%.

Hudbay Minerals Company Profile (Get Rating)

Hudbay Minerals Inc, a diversified mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; silver/gold doré; molybdenum concentrates; and zinc metals.

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Earnings History and Estimates for Hudbay Minerals (NYSE:HBM)

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