HudBay Minerals Inc (NYSE:HBM) Receives Average Rating of "Moderate Buy" from Analysts

Shares of HudBay Minerals Inc (NYSE:HBM - Get Free Report) TSE: HBM have been assigned an average recommendation of "Moderate Buy" from the thirteen analysts that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $26.00.

A number of research firms have recently issued reports on HBM. Canadian Imperial Bank of Commerce reissued an "outperform" rating on shares of HudBay Minerals in a research note on Tuesday, April 21st. Weiss Ratings raised shares of HudBay Minerals from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, February 10th. Raymond James Financial reissued an "outperform" rating on shares of HudBay Minerals in a research note on Wednesday, January 14th. Wall Street Zen raised shares of HudBay Minerals from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd. Finally, Citigroup boosted their price target on shares of HudBay Minerals from $23.00 to $32.50 and gave the company a "buy" rating in a research note on Wednesday, February 11th.

HudBay Minerals Price Performance

HudBay Minerals stock opened at $25.04 on Friday. The company's 50 day simple moving average is $22.86 and its 200-day simple moving average is $21.06. The company has a market capitalization of $9.95 billion, a price-to-earnings ratio of 15.08, a price-to-earnings-growth ratio of 0.28 and a beta of 1.37. HudBay Minerals has a 1 year low of $7.61 and a 1 year high of $28.74. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.78 and a current ratio of 1.36.

HudBay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last released its quarterly earnings results on Friday, May 1st. The mining company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.06. The business had revenue of $757.30 million for the quarter, compared to the consensus estimate of $684.73 million. HudBay Minerals had a net margin of 27.75% and a return on equity of 10.04%. The business's revenue was up 27.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 EPS. As a group, equities research analysts expect that HudBay Minerals will post 1.62 earnings per share for the current year.

HudBay Minerals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Tuesday, June 9th will be issued a $0.01 dividend. The ex-dividend date is Tuesday, June 9th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.2%. HudBay Minerals's payout ratio is 0.60%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Waterfront Wealth Inc. grew its holdings in shares of HudBay Minerals by 1.0% in the fourth quarter. Waterfront Wealth Inc. now owns 39,451 shares of the mining company's stock valued at $783,000 after purchasing an additional 399 shares in the last quarter. Strong Tower Advisory Services grew its holdings in shares of HudBay Minerals by 0.6% in the fourth quarter. Strong Tower Advisory Services now owns 94,762 shares of the mining company's stock valued at $1,881,000 after purchasing an additional 587 shares in the last quarter. Vontobel Holding Ltd. grew its holdings in shares of HudBay Minerals by 0.6% in the fourth quarter. Vontobel Holding Ltd. now owns 126,090 shares of the mining company's stock valued at $2,503,000 after purchasing an additional 738 shares in the last quarter. Savant Capital LLC grew its holdings in shares of HudBay Minerals by 2.4% in the third quarter. Savant Capital LLC now owns 32,010 shares of the mining company's stock valued at $485,000 after purchasing an additional 760 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in shares of HudBay Minerals by 25.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,933 shares of the mining company's stock valued at $98,000 after purchasing an additional 986 shares in the last quarter. Institutional investors and hedge funds own 57.82% of the company's stock.

HudBay Minerals Company Profile

HudBay Minerals Inc is a Canada-based mining company engaged in the exploration, development and production of base and precious metals. Its primary products include copper, zinc, gold and silver concentrates, which are sold to smelters and refiners worldwide. The company's operations span multiple stages of the mining cycle, from resource definition and feasibility studies to mine construction, extraction and reclamation.

The company traces its roots back to 1927, when it was established as Hudson Bay Mining & Smelting Co Limited.

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