Free Trial

HudBay Minerals Inc (NYSE:HBM) Given Average Rating of "Buy" by Brokerages

HudBay Minerals logo with Basic Materials background

Shares of HudBay Minerals Inc (NYSE:HBM - Get Free Report) TSE: HBM have earned an average recommendation of "Buy" from the five analysts that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $14.00.

A number of brokerages have issued reports on HBM. BMO Capital Markets began coverage on HudBay Minerals in a report on Wednesday, April 16th. They set an "outperform" rating for the company. Stifel Canada raised HudBay Minerals to a "strong-buy" rating in a report on Wednesday, March 19th. Scotiabank reissued an "outperform" rating on shares of HudBay Minerals in a report on Tuesday, May 13th. Desjardins began coverage on HudBay Minerals in a report on Friday, April 4th. They set a "buy" rating for the company. Finally, Wall Street Zen raised HudBay Minerals from a "buy" rating to a "strong-buy" rating in a report on Saturday.

View Our Latest Stock Report on HudBay Minerals

Institutional Investors Weigh In On HudBay Minerals

Large investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of HudBay Minerals during the 4th quarter worth $50,260,000. Millennium Management LLC grew its holdings in shares of HudBay Minerals by 298.5% during the 1st quarter. Millennium Management LLC now owns 6,115,053 shares of the mining company's stock worth $46,411,000 after purchasing an additional 4,580,718 shares in the last quarter. L1 Capital Pty Ltd lifted its position in shares of HudBay Minerals by 44.1% during the 1st quarter. L1 Capital Pty Ltd now owns 14,423,384 shares of the mining company's stock worth $109,365,000 after buying an additional 4,410,778 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of HudBay Minerals by 144.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,281,095 shares of the mining company's stock worth $55,264,000 after buying an additional 4,299,428 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of HudBay Minerals by 86.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 9,149,134 shares of the mining company's stock worth $74,105,000 after buying an additional 4,253,400 shares during the last quarter. Institutional investors own 57.82% of the company's stock.

HudBay Minerals Stock Performance

HBM stock traded down $0.14 during midday trading on Wednesday, hitting $9.59. 7,284,868 shares of the company traded hands, compared to its average volume of 5,281,231. HudBay Minerals has a twelve month low of $5.95 and a twelve month high of $10.07. The company has a quick ratio of 1.92, a current ratio of 2.32 and a debt-to-equity ratio of 0.42. The business has a 50 day simple moving average of $8.39 and a 200-day simple moving average of $8.19. The stock has a market capitalization of $3.79 billion, a price-to-earnings ratio of 25.22, a price-to-earnings-growth ratio of 0.27 and a beta of 1.60.

HudBay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last announced its quarterly earnings results on Monday, May 12th. The mining company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.10 by $0.14. HudBay Minerals had a return on equity of 8.17% and a net margin of 7.40%. The company had revenue of $594.90 million for the quarter, compared to the consensus estimate of $537.36 million. During the same quarter last year, the company posted $0.22 earnings per share. The company's revenue for the quarter was up 13.3% compared to the same quarter last year. As a group, equities research analysts predict that HudBay Minerals will post 0.79 earnings per share for the current year.

HudBay Minerals Company Profile

(Get Free Report

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.

See Also

Analyst Recommendations for HudBay Minerals (NYSE:HBM)

Should You Invest $1,000 in HudBay Minerals Right Now?

Before you consider HudBay Minerals, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and HudBay Minerals wasn't on the list.

While HudBay Minerals currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 AI Stocks to Invest in Today: Capitalizing on AI and Tech Trends in 2025 Cover

Discover the top 7 AI stocks to invest in right now. This exclusive report highlights the companies leading the AI revolution and shaping the future of technology in 2025.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Don’t Miss These Top 3 Defense Stocks Set To Gain
Triple-Digit Gains: These 4 Nuclear Stocks Have Even More Upside Ahead
3 Made in America Stocks Under $20 You Need to See!

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines