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

Hudbay Minerals (TSE:HBM) (NYSE:HBM) will post its quarterly earnings results after the market closes on Wednesday, November 8th. Analysts expect Hudbay Minerals to post earnings of C$0.20 per share for the quarter.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its earnings results on Tuesday, August 8th. The mining company reported C($0.09) EPS for the quarter, missing the consensus estimate of C$0.04 by C($0.13). The firm had revenue of C$419.32 million for the quarter, compared to the consensus estimate of C$452.53 million. Hudbay Minerals had a negative return on equity of 1.89% and a negative net margin of 2.75%.

Hudbay Minerals Stock Down 0.9 %

Shares of Hudbay Minerals stock opened at C$6.37 on Monday. The stock’s fifty day moving average is C$6.35 and its 200-day moving average is C$6.56. The company has a quick ratio of 0.85, a current ratio of 0.90 and a debt-to-equity ratio of 69.75. The firm has a market capitalization of C$2.22 billion, a PE ratio of -33.53, a price-to-earnings-growth ratio of 3.97 and a beta of 2.02. Hudbay Minerals has a 12-month low of C$5.61 and a 12-month high of C$8.47.

Hudbay Minerals Announces Dividend

The company also recently disclosed a 1 dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, September 22nd were given a dividend of $0.02 per share. This represents a dividend yield of 0.15%. The ex-dividend date of this dividend was Friday, September 22nd. Hudbay Minerals’s dividend payout ratio is presently -10.53%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Credit Suisse Group decreased their price target on Hudbay Minerals from C$9.00 to C$8.00 in a research report on Monday, August 21st. Bank of America increased their price objective on shares of Hudbay Minerals from C$7.25 to C$8.25 and gave the stock a “neutral” rating in a report on Wednesday, August 9th. CSFB decreased their price objective on shares of Hudbay Minerals from C$9.00 to C$8.00 and set an “outperform” rating on the stock in a report on Monday, August 21st. Stifel Nicolaus decreased their price target on shares of Hudbay Minerals from C$10.60 to C$10.10 and set a “buy” rating on the stock in a research note on Tuesday, August 22nd. Finally, BMO Capital Markets decreased their price target on shares of Hudbay Minerals from C$10.50 to C$10.00 in a research note on Monday, July 17th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Hudbay Minerals has an average rating of “Moderate Buy” and a consensus target price of C$9.28.

About Hudbay Minerals

Hudbay Minerals Inc, a diversified mining company, together with its subsidiaries, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing copper, gold, and silver; zinc concentrates; zinc metal; and gold and silver doré and molybdenum concentrates.