Hudbay Minerals Inc. (NYSE:HBM) Receives $10.04 Consensus PT from Analysts

Shares of Hudbay Minerals Inc. (NYSE:HBM – Get Rating) (TSE:HBM) have earned a consensus rating of “Hold” from the ten brokerages that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $9.79.

A number of equities research analysts have issued reports on the company. Credit Suisse Group boosted their price target on Hudbay Minerals from C$8.50 to C$9.00 in a research note on Thursday, February 2nd. Stifel Nicolaus initiated coverage on Hudbay Minerals in a research report on Thursday. They set a “buy” rating on the stock. StockNews.com initiated coverage on Hudbay Minerals in a research report on Thursday. They set a “hold” rating on the stock. Scotiabank lowered their price objective on Hudbay Minerals from C$11.00 to C$10.00 in a research report on Tuesday, February 7th. Finally, National Bank Financial lifted their price objective on Hudbay Minerals from C$8.50 to C$8.75 in a research report on Monday, February 13th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. US Bancorp DE increased its stake in Hudbay Minerals by 2,017.3% in the 3rd quarter. US Bancorp DE now owns 9,782 shares of the mining company’s stock worth $39,000 after acquiring an additional 9,320 shares during the last quarter. Quadrant Capital Group LLC increased its stake in Hudbay Minerals by 69.4% in the 4th quarter. Quadrant Capital Group LLC now owns 7,753 shares of the mining company’s stock worth $39,000 after acquiring an additional 3,177 shares during the last quarter. Grayhawk Investment Strategies Inc. increased its stake in Hudbay Minerals by 7,178.0% in the 1st quarter. Grayhawk Investment Strategies Inc. now owns 5,968 shares of the mining company’s stock worth $42,000 after acquiring an additional 5,886 shares during the last quarter. Stratos Wealth Advisors LLC bought a new stake in Hudbay Minerals in the 4th quarter worth approximately $51,000. Finally, Evergreen Capital Management LLC bought a new stake in Hudbay Minerals in the 3rd quarter worth approximately $51,000. 80.19% of the stock is owned by hedge funds and other institutional investors.

Hudbay Minerals Trading Down 0.2 %

Hudbay Minerals stock opened at $4.73 on Thursday. The business has a 50-day simple moving average of $4.98 and a two-hundred day simple moving average of $5.21. The company has a market cap of $1.24 billion, a P/E ratio of 118.28, a P/E/G ratio of 0.56 and a beta of 1.94. Hudbay Minerals has a 52-week low of $3.08 and a 52-week high of $6.34. The company has a quick ratio of 0.82, a current ratio of 1.21 and a debt-to-equity ratio of 0.78.

Hudbay Minerals (NYSE:HBM – Get Rating) (TSE:HBM) last released its quarterly earnings results on Friday, February 24th. The mining company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The firm had revenue of $321.20 million for the quarter, compared to the consensus estimate of $395.63 million. Hudbay Minerals had a net margin of 0.87% and a return on equity of 1.38%. The company’s revenue for the quarter was down 24.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.13 earnings per share. Analysts predict that Hudbay Minerals will post 0.63 EPS for the current year.

Hudbay Minerals Announces Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Friday, March 24th. Investors of record on Tuesday, March 7th were issued a $0.008 dividend. The ex-dividend date of this dividend was Monday, March 6th. This represents a yield of 0.3%. Hudbay Minerals’s dividend payout ratio is presently 25.01%.

Hudbay Minerals Company Profile

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Hudbay Minerals, Inc operates as a mining company. The firm engages in the production of copper concentrate, molybdenum concentrate and zinc metal. It focuses on the discovery, production and marketing of base and precious metals. The company was founded on January 16, 1996 and is headquartered in Toronto, Canada.