HudBay Minerals Inc (NYSE:HBM - Get Free Report) TSE: HBM passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.36 and traded as high as $13.99. HudBay Minerals shares last traded at $13.89, with a volume of 5,807,428 shares changing hands.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on HBM. The Goldman Sachs Group assumed coverage on HudBay Minerals in a report on Monday, September 8th. They issued a "buy" rating for the company. Royal Bank Of Canada restated an "outperform" rating on shares of HudBay Minerals in a research note on Thursday, August 14th. Veritas raised HudBay Minerals to a "strong-buy" rating in a report on Monday, July 7th. Raymond James Financial upgraded HudBay Minerals to a "moderate buy" rating in a research report on Monday, June 30th. Finally, CIBC restated an "outperform" rating on shares of HudBay Minerals in a report on Tuesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy".
View Our Latest Stock Report on HBM
HudBay Minerals Trading Down 0.2%
The stock's fifty day moving average price is $11.25 and its 200 day moving average price is $9.44. The company has a quick ratio of 0.86, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. The stock has a market cap of $5.61 billion, a PE ratio of 19.40, a PEG ratio of 0.33 and a beta of 1.51.
HudBay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last announced its quarterly earnings data on Wednesday, August 13th. The mining company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.08. HudBay Minerals had a net margin of 13.13% and a return on equity of 10.73%. The firm had revenue of $536.40 million during the quarter, compared to analysts' expectations of $558.21 million. HudBay Minerals's revenue for the quarter was up 26.1% on a year-over-year basis. On average, sell-side analysts forecast that HudBay Minerals Inc will post 0.79 EPS for the current year.
HudBay Minerals Increases Dividend
The company also recently disclosed a semi-annual dividend, which was paid on Friday, September 19th. Shareholders of record on Tuesday, September 2nd were given a $0.0073 dividend. This represents a yield of 17.0%. This is a positive change from HudBay Minerals's previous semi-annual dividend of $0.01. The ex-dividend date of this dividend was Tuesday, September 2nd. HudBay Minerals's dividend payout ratio is 1.37%.
Institutional Investors Weigh In On HudBay Minerals
Institutional investors have recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of HudBay Minerals by 142.8% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 100,303 shares of the mining company's stock worth $761,000 after purchasing an additional 58,999 shares in the last quarter. Yaupon Capital Management LP lifted its stake in shares of HudBay Minerals by 21.9% in the 1st quarter. Yaupon Capital Management LP now owns 1,777,347 shares of the mining company's stock valued at $13,490,000 after purchasing an additional 318,991 shares during the period. Millennium Management LLC increased its holdings in HudBay Minerals by 298.5% during the 1st quarter. Millennium Management LLC now owns 6,115,053 shares of the mining company's stock worth $46,411,000 after purchasing an additional 4,580,718 shares in the last quarter. Anson Funds Management LP bought a new position in HudBay Minerals during the first quarter valued at $759,000. Finally, Cetera Investment Advisers raised its position in shares of HudBay Minerals by 24.3% in the fourth quarter. Cetera Investment Advisers now owns 19,224 shares of the mining company's stock worth $156,000 after buying an additional 3,760 shares in the last quarter. 57.82% of the stock is currently owned by institutional investors and hedge funds.
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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