HudBay Minerals Inc (NYSE:HBM) Receives $19.50 Average Target Price from Analysts

Shares of HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) have received a consensus recommendation of “Buy” from the thirteen research firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $19.50.

HBM has been the topic of several research analyst reports. Zacks Research lowered HudBay Minerals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 11th. Bank of America boosted their target price on HudBay Minerals from $16.50 to $19.50 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Weiss Ratings restated a “buy (b-)” rating on shares of HudBay Minerals in a research report on Wednesday, October 8th. The Goldman Sachs Group started coverage on HudBay Minerals in a research note on Monday, September 8th. They set a “buy” rating for the company. Finally, Wall Street Zen lowered shares of HudBay Minerals from a “buy” rating to a “hold” rating in a research report on Saturday.

Institutional Trading of HudBay Minerals

Several large investors have recently modified their holdings of the business. Quarry LP acquired a new position in shares of HudBay Minerals during the 3rd quarter worth approximately $38,000. Global Retirement Partners LLC acquired a new stake in HudBay Minerals during the 3rd quarter valued at $45,000. Banque Cantonale Vaudoise increased its position in HudBay Minerals by 513.5% during the third quarter. Banque Cantonale Vaudoise now owns 3,172 shares of the mining company’s stock worth $48,000 after buying an additional 2,655 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings in shares of HudBay Minerals by 64.6% in the first quarter. SBI Securities Co. Ltd. now owns 3,773 shares of the mining company’s stock worth $29,000 after acquiring an additional 1,481 shares during the last quarter. Finally, Kelleher Financial Advisors acquired a new position in shares of HudBay Minerals in the third quarter worth $67,000. 57.82% of the stock is currently owned by institutional investors and hedge funds.

HudBay Minerals Stock Performance

Shares of HBM opened at $15.36 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. HudBay Minerals has a 52-week low of $5.95 and a 52-week high of $17.73. The company has a 50-day simple moving average of $15.40 and a 200-day simple moving average of $11.86. The company has a market capitalization of $6.09 billion, a PE ratio of 21.05 and a beta of 1.58.

HudBay Minerals (NYSE:HBM) (TSE:HBM) last released its quarterly earnings data on Wednesday, November 12th. The mining company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). HudBay Minerals had a return on equity of 10.73% and a net margin of 13.13%.The company had revenue of $346.80 million for the quarter, compared to analysts’ expectations of $538.16 million. During the same period in the prior year, the firm posted $0.13 EPS. The firm’s quarterly revenue was down 28.6% on a year-over-year basis. Equities research analysts predict that HudBay Minerals will post 0.79 earnings per share for the current fiscal year.

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.