Hudbay Minerals (NYSE:HBM) Research Coverage Started at Stifel Nicolaus

Stifel Nicolaus began coverage on shares of Hudbay Minerals (NYSE:HBMFree Report) (TSE:HBM) in a research report released on Tuesday morning, StockNewsAPI reports. The firm issued a buy rating on the mining company’s stock.

Separately, Raymond James increased their price target on Hudbay Minerals from $9.00 to $10.50 and gave the company an outperform rating in a research note on Wednesday, March 20th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Hudbay Minerals has an average rating of Moderate Buy and an average target price of $9.90.

Get Our Latest Analysis on Hudbay Minerals

Hudbay Minerals Trading Down 0.6 %

Shares of Hudbay Minerals stock opened at $6.74 on Tuesday. Hudbay Minerals has a 12-month low of $3.94 and a 12-month high of $7.02. The stock has a market cap of $2.36 billion, a P/E ratio of 33.70, a P/E/G ratio of 1.35 and a beta of 1.94. The company has a quick ratio of 0.87, a current ratio of 1.25 and a debt-to-equity ratio of 0.61. The business’s 50 day moving average is $5.85 and its 200-day moving average is $5.18.

Hudbay Minerals (NYSE:HBMGet Free Report) (TSE:HBM) last posted its quarterly earnings results on Friday, February 23rd. The mining company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.06. Hudbay Minerals had a return on equity of 3.86% and a net margin of 3.95%. The business had revenue of $602.20 million for the quarter, compared to analysts’ expectations of $552.74 million. During the same quarter in the prior year, the business earned $0.01 EPS. The firm’s revenue for the quarter was up 87.5% on a year-over-year basis. Equities research analysts predict that Hudbay Minerals will post 0.39 earnings per share for the current fiscal year.

Hudbay Minerals Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 5th were given a dividend of $0.0074 per share. This represents a yield of 0.3%. The ex-dividend date was Monday, March 4th. Hudbay Minerals’s payout ratio is 5.00%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in HBM. Raymond James & Associates bought a new position in Hudbay Minerals during the 1st quarter worth $131,000. Bank of New York Mellon Corp grew its holdings in shares of Hudbay Minerals by 24.0% during the 1st quarter. Bank of New York Mellon Corp now owns 75,817 shares of the mining company’s stock worth $595,000 after purchasing an additional 14,683 shares in the last quarter. US Bancorp DE grew its holdings in shares of Hudbay Minerals by 122.4% during the 1st quarter. US Bancorp DE now owns 7,899 shares of the mining company’s stock worth $62,000 after purchasing an additional 4,347 shares in the last quarter. HighTower Advisors LLC acquired a new stake in shares of Hudbay Minerals during the 1st quarter worth $442,000. Finally, BlackRock Inc. grew its holdings in shares of Hudbay Minerals by 81.5% during the 1st quarter. BlackRock Inc. now owns 95,254 shares of the mining company’s stock worth $748,000 after purchasing an additional 42,769 shares in the last quarter. Institutional investors own 57.82% of the company’s stock.

About Hudbay Minerals

(Get Free Report)

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 gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.

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Analyst Recommendations for Hudbay Minerals (NYSE:HBM)

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