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

HudBay Minerals logo with Basic Materials background

Shares of HudBay Minerals Inc (NYSE:HBM - Get Free Report) TSE: HBM have been assigned a consensus rating of "Buy" from the six analysts that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company.

Several equities research analysts have recently commented on HBM shares. Desjardins began coverage on shares of HudBay Minerals in a research report on Friday, April 4th. They set a "buy" rating for the company. Stifel Canada upgraded shares of HudBay Minerals to a "strong-buy" rating in a report on Wednesday, March 19th. 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. Finally, Raymond James Financial raised shares of HudBay Minerals to a "moderate buy" rating in a research report on Monday, June 30th.

Read Our Latest Stock Report on HBM

HudBay Minerals Price Performance

HudBay Minerals stock traded down $0.01 during mid-day trading on Friday, reaching $10.48. The company had a trading volume of 5,084,302 shares, compared to its average volume of 5,604,440. HudBay Minerals has a fifty-two week low of $5.95 and a fifty-two week high of $11.13. The company has a current ratio of 2.32, a quick ratio of 1.92 and a debt-to-equity ratio of 0.42. The company has a market cap of $4.14 billion, a P/E ratio of 27.57, a P/E/G ratio of 0.29 and a beta of 1.63. The business has a fifty day simple moving average of $9.38 and a 200 day simple moving average of $8.39.

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

Institutional Trading of HudBay Minerals

A number of institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. bought a new stake in HudBay Minerals during the 4th quarter worth approximately $183,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of HudBay Minerals by 16.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 104,344 shares of the mining company's stock worth $846,000 after buying an additional 14,540 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of HudBay Minerals by 13.2% in the 4th quarter. HighTower Advisors LLC now owns 52,042 shares of the mining company's stock worth $422,000 after buying an additional 6,072 shares during the last quarter. Swiss National Bank increased its holdings in shares of HudBay Minerals by 0.6% in the 4th quarter. Swiss National Bank now owns 778,500 shares of the mining company's stock worth $6,312,000 after buying an additional 4,700 shares during the last quarter. Finally, Nikko Asset Management Americas Inc. bought a new position in shares of HudBay Minerals in the 4th quarter worth $335,000. 57.82% of the stock is currently owned by hedge funds and other institutional investors.

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.

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Analyst Recommendations for HudBay Minerals (NYSE:HBM)

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