Hudbay Minerals (HBM) Set to Announce Quarterly Earnings on Monday

Hudbay Minerals (NYSE:HBMGet Rating) (TSE:HBM) is scheduled to be posting its quarterly earnings results after the market closes on Monday, May 9th. Analysts expect Hudbay Minerals to post earnings of $0.17 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Hudbay Minerals (NYSE:HBMGet Rating) (TSE:HBM) last announced its quarterly earnings data on Wednesday, February 23rd. The mining company reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate 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 business had revenue of $425.17 million during the quarter, compared to the consensus estimate of $440.81 million. During the same period in the previous year, the company posted ($0.06) earnings per share. The business’s revenue for the quarter was up 31.9% on a year-over-year basis. On average, analysts expect Hudbay Minerals to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of Hudbay Minerals stock opened at $6.40 on Monday. The company has a quick ratio of 0.98, a current ratio of 1.29 and a debt-to-equity ratio of 0.83. Hudbay Minerals has a 52-week low of $5.22 and a 52-week high of $9.60. The stock has a market capitalization of $1.68 billion, a P/E ratio of -6.88, a P/E/G ratio of 0.32 and a beta of 2.08. The business has a 50 day moving average price of $7.62.

The company also recently disclosed a Semi-Annual dividend, which was paid on Friday, March 25th. Shareholders of record on Tuesday, March 8th were given a $0.008 dividend. The ex-dividend date of this dividend was Monday, March 7th. This is an increase from Hudbay Minerals’s previous Semi-Annual dividend of $0.01. This represents a dividend yield of 0.2%. Hudbay Minerals’s dividend payout ratio is currently -2.15%.

A number of equities analysts recently commented on the stock. Raymond James boosted their target price on shares of Hudbay Minerals from C$13.00 to C$14.00 in a research note on Wednesday, April 20th. 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. 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 lowered their price target on Hudbay Minerals from C$13.00 to C$12.50 in a report on Tuesday, April 19th. Finally, cut shares of Hudbay Minerals from a “buy” rating to a “hold” rating in a report on Tuesday, April 19th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $13.64.

Hedge funds have recently modified their holdings of the company. Squarepoint Ops LLC lifted its holdings in shares of Hudbay Minerals by 25.7% in the 4th quarter. Squarepoint Ops LLC now owns 17,234 shares of the mining company’s stock valued at $125,000 after buying an additional 3,522 shares during the period. LPL Financial LLC acquired a new position in shares of Hudbay Minerals during the 3rd quarter worth $138,000. Two Sigma Investments LP purchased a new position in Hudbay Minerals in the third quarter valued at about $179,000. BlackRock Inc. increased its stake in Hudbay Minerals by 96.7% in the 4th quarter. BlackRock Inc. now owns 52,485 shares of the mining company’s stock valued at $381,000 after purchasing an additional 25,798 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its position in Hudbay Minerals by 47.3% during the fourth quarter. Cubist Systematic Strategies LLC now owns 75,414 shares of the mining company’s stock worth $547,000 after purchasing an additional 24,228 shares in the last quarter. 66.94% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading

Earnings History for Hudbay Minerals (NYSE:HBM)

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