Hudbay Minerals (HBM) to Release Quarterly Earnings on Wednesday

Hudbay Minerals (TSE:HBM) (NYSE:HBM) is scheduled to be announcing its earnings results before the market opens on Wednesday, November 13th. Analysts expect the company to announce earnings of C$0.11 per share for the quarter.

Hudbay Minerals Trading Down 3.6 %

TSE HBM opened at C$12.99 on Monday. The business has a 50 day simple moving average of C$11.85 and a 200 day simple moving average of C$11.86. Hudbay Minerals has a one year low of C$5.46 and a one year high of C$14.33. The stock has a market capitalization of C$5.11 billion, a P/E ratio of 35.11, a P/E/G ratio of 3.97 and a beta of 1.83. The company has a debt-to-equity ratio of 49.37, a current ratio of 1.87 and a quick ratio of 0.85.

Hudbay Minerals Dividend Announcement

The firm also recently announced a 1 dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, September 20th were paid a dividend of $0.02 per share. The ex-dividend date was Friday, September 20th. This represents a yield of 0.09%. Hudbay Minerals’s dividend payout ratio is currently 5.41%.

Analyst Ratings Changes

A number of equities research analysts have commented on HBM shares. Canaccord Genuity Group reduced their price objective on Hudbay Minerals from C$16.00 to C$15.00 in a research note on Monday, July 22nd. Royal Bank of Canada reduced their price objective on Hudbay Minerals from C$18.00 to C$16.00 and set an “outperform” rating for the company in a research note on Tuesday, September 10th. National Bankshares raised their target price on Hudbay Minerals from C$15.50 to C$16.75 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Scotiabank raised their target price on Hudbay Minerals from C$14.50 to C$15.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Finally, Stifel Nicolaus raised their target price on Hudbay Minerals from C$15.00 to C$16.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Twelve equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Hudbay Minerals presently has a consensus rating of “Buy” and an average price target of C$15.54.

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.