Hudbay Minerals (HBM) Scheduled to Post Earnings on Tuesday

Hudbay Minerals (TSE:HBM) (NYSE:HBM) will announce its earnings results before the market opens on Tuesday, May 14th. Analysts expect the company to announce earnings of C$0.06 per share for the quarter.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted its quarterly earnings data on Friday, February 23rd. The mining company reported C$0.27 earnings per share for the quarter, topping the consensus estimate of C$0.15 by C$0.12. The firm had revenue of C$819.90 million during the quarter, compared to analysts’ expectations of C$710.46 million. Hudbay Minerals had a net margin of 3.93% and a return on equity of 3.68%.

Hudbay Minerals Stock Up 1.8 %

Shares of HBM opened at C$11.65 on Tuesday. The firm has a market capitalization of C$4.09 billion, a price-to-earnings ratio of 40.17, a PEG ratio of 3.97 and a beta of 2.02. Hudbay Minerals has a 52 week low of C$5.46 and a 52 week high of C$12.06. The company has a debt-to-equity ratio of 62.93, a quick ratio of 0.85 and a current ratio of 1.25. The business’s fifty day moving average price is C$9.82 and its two-hundred day moving average price is C$7.86.

Hudbay Minerals Announces Dividend

The company also recently declared a 1 dividend, which was paid on Tuesday, March 5th. Investors of record on Friday, March 22nd were issued a $0.02 dividend. This represents a yield of 0.13%. The ex-dividend date was Friday, March 22nd. Hudbay Minerals’s dividend payout ratio is 6.90%.

Insider Activity at Hudbay Minerals

In other Hudbay Minerals news, Senior Officer Mark Zachary Gupta sold 4,915 shares of Hudbay Minerals stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of C$9.45, for a total value of C$46,446.75. In other Hudbay Minerals news, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of C$6.01, for a total value of C$117,188.99. Also, Senior Officer Mark Zachary Gupta sold 4,915 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of C$9.45, for a total value of C$46,446.75. 0.08% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. CIBC upped their target price on shares of Hudbay Minerals from C$11.00 to C$13.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. Raymond James raised their price objective on shares of Hudbay Minerals from C$11.50 to C$14.00 in a research note on Wednesday, April 24th. Eight Capital upped their target price on shares of Hudbay Minerals from C$12.00 to C$14.50 and gave the company a “buy” rating in a research report on Monday, April 22nd. Canaccord Genuity Group raised their price target on Hudbay Minerals from C$10.50 to C$13.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Finally, Bank of America increased their target price on Hudbay Minerals from C$8.50 to C$12.25 in a research note on Tuesday, April 9th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$11.21.

About Hudbay Minerals

Hudbay Minerals Inc, a diversified mining company, 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.