Hudbay Minerals Inc. (NYSE:HBM) Receives Average Recommendation of "Buy" from Analysts

Shares of Hudbay Minerals Inc. (NYSE:HBM - Get Free Report) TSE: HBM have been given a consensus rating of "Buy" by the five ratings firms that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $14.00.

Several analysts recently weighed in on HBM shares. Stifel Canada upgraded shares of Hudbay Minerals to a "strong-buy" rating in a report on Wednesday, March 19th. BMO Capital Markets started coverage on shares of Hudbay Minerals in a research report on Wednesday, April 16th. They issued an "outperform" rating on the stock. StockNews.com upgraded Hudbay Minerals from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. Finally, Desjardins initiated coverage on Hudbay Minerals in a research report on Friday, April 4th. They issued a "buy" rating on the stock.

Hudbay Minerals Trading Up 2.6 %

Shares of HBM stock traded up $0.19 on Tuesday, hitting $7.47. 4,175,290 shares of the stock traded hands, compared to its average volume of 4,767,339. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.47 and a current ratio of 1.86. The firm's 50-day moving average price is $7.29 and its two-hundred day moving average price is $8.26. Hudbay Minerals has a twelve month low of $5.95 and a twelve month high of $10.49. The stock has a market capitalization of $2.95 billion, a PE ratio of 41.50 and a beta of 1.62.

Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last announced its quarterly earnings results on Wednesday, February 19th. The mining company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.02). Hudbay Minerals had a return on equity of 7.29% and a net margin of 3.80%. The firm had revenue of $584.90 million for the quarter, compared to analyst estimates of $588.28 million. During the same quarter in the prior year, the business earned $0.20 EPS. The firm's quarterly revenue was down 2.9% on a year-over-year basis. As a group, analysts anticipate that Hudbay Minerals will post 0.79 EPS for the current year.

Hudbay Minerals Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, March 4th were issued a $0.007 dividend. This represents a dividend yield of 0.2%. The ex-dividend date was Tuesday, March 4th. This is an increase from Hudbay Minerals's previous semi-annual dividend of $0.01. Hudbay Minerals's dividend payout ratio is 5.56%.

Institutional Investors Weigh In On Hudbay Minerals

Hedge funds and other institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its position in Hudbay Minerals by 9,877.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the mining company's stock worth $25,000 after acquiring an additional 3,062 shares during the last quarter. SBI Securities Co. Ltd. raised its stake in shares of Hudbay Minerals by 64.6% in 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 during the period. Algert Global LLC acquired a new position in Hudbay Minerals during the 4th quarter worth approximately $86,000. Plato Investment Management Ltd acquired a new stake in Hudbay Minerals in the fourth quarter valued at approximately $95,000. Finally, Hsbc Holdings PLC purchased a new stake in Hudbay Minerals during the 4th quarter worth $97,000. 57.82% of the stock is currently owned by hedge funds and other institutional investors.

About Hudbay Minerals

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.