HudBay Minerals (NYSE:HBM) Upgraded at Veritas

HudBay Minerals (NYSE:HBM - Get Free Report) TSE: HBM was upgraded by analysts at Veritas to a "strong-buy" rating in a report issued on Monday,Zacks.com reports.

HBM has been the subject of a number of other research reports. Raymond James Financial upgraded HudBay Minerals to a "moderate buy" rating in a research note on Monday, June 30th. Stifel Canada upgraded HudBay Minerals to a "strong-buy" rating in a research note on Wednesday, March 19th. BMO Capital Markets began coverage on HudBay Minerals in a research note on Wednesday, April 16th. They issued an "outperform" rating for the company. Desjardins began coverage on HudBay Minerals in a research note on Friday, April 4th. They issued a "buy" rating for the company. Finally, Scotiabank restated an "outperform" rating on shares of HudBay Minerals in a research note on Tuesday, May 13th. Four analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $14.00.

HudBay Minerals Stock Down 3.0%

Shares of NYSE HBM traded down $0.32 during mid-day trading on Monday, reaching $10.47. The company had a trading volume of 7,636,250 shares, compared to its average volume of 5,606,524. 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 firm has a 50 day simple moving average of $9.38 and a two-hundred day simple moving average of $8.39. The stock has a market cap of $4.14 billion, a P/E ratio of 27.55, a PEG ratio of 0.29 and a beta of 1.63. HudBay Minerals has a 52-week low of $5.95 and a 52-week high of $11.13.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of HBM. Tower Research Capital LLC TRC grew its holdings 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 period. SBI Securities Co. Ltd. grew its holdings in HudBay Minerals by 64.6% during the first quarter. SBI Securities Co. Ltd. now owns 3,773 shares of the mining company's stock worth $29,000 after acquiring an additional 1,481 shares during the period. Banque Cantonale Vaudoise acquired a new position in HudBay Minerals during the first quarter worth $33,000. Jones Financial Companies Lllp grew its holdings in HudBay Minerals by 131.6% during the first quarter. Jones Financial Companies Lllp now owns 6,570 shares of the mining company's stock worth $50,000 after acquiring an additional 3,733 shares during the period. Finally, Algert Global LLC acquired a new position in HudBay Minerals during the fourth quarter worth $86,000. Institutional investors and hedge funds own 57.82% of the company's stock.

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.