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

Shares of HudBay Minerals Inc (NYSE:HBM - Get Free Report) TSE: HBM have received a consensus recommendation of "Buy" from the seven brokerages that are covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company.

Several analysts have recently commented on the stock. Veritas raised shares of HudBay Minerals to a "strong-buy" rating in a research report on Monday, July 7th. Wall Street Zen raised shares of HudBay Minerals from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 21st. Desjardins assumed coverage on shares of HudBay Minerals in a research report on Friday, April 4th. They set a "buy" rating for the company. Raymond James Financial raised shares of HudBay Minerals to a "moderate buy" rating in a research report on Monday, June 30th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of HudBay Minerals in a research report on Tuesday, May 13th.

Hedge Funds Weigh In On HudBay Minerals

Large investors have recently modified their holdings of the company. Pictet Asset Management Holding SA lifted its stake in HudBay Minerals by 2.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 66,380 shares of the mining company's stock valued at $538,000 after acquiring an additional 1,278 shares in the last quarter. SBI Securities Co. Ltd. lifted its stake in HudBay Minerals by 64.6% during the 1st quarter. SBI Securities Co. Ltd. now owns 3,773 shares of the mining company's stock valued at $29,000 after acquiring an additional 1,481 shares in the last quarter. Pacifica Partners Inc. lifted its stake in HudBay Minerals by 6.7% during the 2nd quarter. Pacifica Partners Inc. now owns 25,921 shares of the mining company's stock valued at $272,000 after acquiring an additional 1,625 shares in the last quarter. Federated Hermes Inc. lifted its stake in HudBay Minerals by 1.4% during the 1st quarter. Federated Hermes Inc. now owns 126,836 shares of the mining company's stock valued at $963,000 after acquiring an additional 1,794 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in HudBay Minerals by 3.9% during the 4th quarter. Alliancebernstein L.P. now owns 72,730 shares of the mining company's stock valued at $589,000 after acquiring an additional 2,740 shares in the last quarter. 57.82% of the stock is currently owned by institutional investors.

HudBay Minerals Trading Down 2.1%

NYSE:HBM traded down $0.22 on Friday, reaching $10.13. 5,112,353 shares of the stock traded hands, compared to its average volume of 5,610,305. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of 26.65, a price-to-earnings-growth ratio of 0.29 and a beta of 1.63. The company's 50 day moving average is $9.50 and its 200-day moving average is $8.42. The company has a current ratio of 2.32, a quick ratio of 1.92 and a debt-to-equity ratio of 0.42. HudBay Minerals has a 1-year low of $5.95 and a 1-year high of $11.13.

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

HudBay Minerals Company Profile

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.