Hudbay Minerals Inc. (NYSE:HBM) Given Consensus Rating of “Buy” by Analysts

Hudbay Minerals Inc. (NYSE:HBMGet Rating) (TSE:HBM) has earned a consensus rating of “Buy” from the thirteen brokerages that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $13.25.

A number of research firms have recently weighed in on HBM. Royal Bank of Canada cut their price target on Hudbay Minerals from C$14.00 to C$12.00 in a report on Wednesday, May 11th. CIBC decreased their price target on shares of Hudbay Minerals from C$14.00 to C$11.50 in a research report on Wednesday, May 18th. Scotiabank lowered their price objective on shares of Hudbay Minerals from C$12.50 to C$12.00 in a research report on Wednesday, May 11th. Zacks Investment Research cut shares of Hudbay Minerals from a “buy” rating to a “hold” rating in a report on Friday, January 28th. Finally, Stifel Nicolaus boosted their price target on shares of Hudbay Minerals from C$15.00 to C$16.50 in a report on Thursday, March 17th.

A number of institutional investors have recently added to or reduced their stakes in HBM. FMR LLC bought a new position in shares of Hudbay Minerals in the 1st quarter valued at about $880,000. Wells Fargo & Company MN lifted its stake in shares of Hudbay Minerals by 428.1% during the 2nd quarter. Wells Fargo & Company MN now owns 85,005 shares of the mining company’s stock worth $566,000 after buying an additional 68,908 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Hudbay Minerals during the 3rd quarter worth about $81,000. BlackRock Inc. raised its stake in Hudbay Minerals by 77.2% in the 3rd quarter. BlackRock Inc. now owns 26,687 shares of the mining company’s stock worth $166,000 after purchasing an additional 11,630 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Hudbay Minerals by 622.0% in the 3rd quarter. Goldman Sachs Group Inc. now owns 383,963 shares of the mining company’s stock worth $2,393,000 after purchasing an additional 330,779 shares in the last quarter. 67.11% of the stock is owned by institutional investors and hedge funds.

Shares of Hudbay Minerals stock opened at $5.83 on Tuesday. The business has a 50-day moving average of $6.91 and a 200-day moving average of $7.23. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.35 and a quick ratio of 0.92. The company has a market capitalization of $1.53 billion, a PE ratio of -12.67, a P/E/G ratio of 0.30 and a beta of 2.07. Hudbay Minerals has a 1-year low of $4.96 and a 1-year high of $8.75.

Hudbay Minerals (NYSE:HBMGet Rating) (TSE:HBM) last posted 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 5.27% and a negative net margin of 7.69%. The business had revenue of $425.17 million during the quarter, compared to the consensus estimate of $440.81 million. During the same period last year, the firm earned ($0.06) earnings per share. The company’s revenue for the quarter was up 31.9% compared to the same quarter last year. On average, equities analysts expect that Hudbay Minerals will post 0.71 earnings per share for the current fiscal year.

The business also recently disclosed a Semi-Annual dividend, which was paid on Friday, March 25th. Stockholders of record on Tuesday, March 8th were given a dividend of $0.008 per share. This is an increase 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 is currently -4.35%.

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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Analyst Recommendations for Hudbay Minerals (NYSE:HBM)

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