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

Hudbay Minerals Inc. (NYSE:HBM - Get Free Report) TSE: HBM has earned an average recommendation of "Buy" from the eight research firms that are presently covering the stock, MarketBeat reports. Eight analysts have rated the stock with a buy recommendation. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $9.75.

Several research analysts recently weighed in on HBM shares. StockNews.com raised Hudbay Minerals from a "hold" rating to a "buy" rating in a research note on Friday, March 29th. Bank of America raised Hudbay Minerals from a "neutral" rating to a "buy" rating and set a $9.00 price objective for the company in a research note on Tuesday, April 9th. Raymond James raised their price target on Hudbay Minerals from $9.00 to $10.50 and gave the stock an "outperform" rating in a research note on Wednesday, March 20th. Finally, Stifel Nicolaus initiated coverage on Hudbay Minerals in a research note on Tuesday, March 26th. They set a "buy" rating for the company.

Institutional Trading of Hudbay Minerals

Institutional investors have recently modified their holdings of the company. Banque Cantonale Vaudoise raised its position in Hudbay Minerals by 38.7% in the 1st quarter. Banque Cantonale Vaudoise now owns 6,471 shares of the mining company's stock valued at $45,000 after purchasing an additional 1,806 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Hudbay Minerals by 29.7% during the second quarter. Wells Fargo & Company MN now owns 10,043 shares of the mining company's stock worth $48,000 after purchasing an additional 2,300 shares during the period. Bank of New York Mellon Corp grew its stake in Hudbay Minerals by 22.2% in the second quarter. Bank of New York Mellon Corp now owns 12,916 shares of the mining company's stock valued at $62,000 after acquiring an additional 2,350 shares during the period. Legal & General Group Plc grew its stake in Hudbay Minerals by 1.0% in the third quarter. Legal & General Group Plc now owns 248,094 shares of the mining company's stock valued at $1,213,000 after acquiring an additional 2,520 shares during the period. Finally, Barclays PLC grew its stake in Hudbay Minerals by 5.8% in the fourth quarter. Barclays PLC now owns 66,840 shares of the mining company's stock valued at $369,000 after acquiring an additional 3,686 shares during the period. Institutional investors and hedge funds own 57.82% of the company's stock.

Hudbay Minerals Stock Performance

Shares of HBM stock traded down $0.17 on Friday, hitting $7.62. 2,677,782 shares of the stock traded hands, compared to its average volume of 2,503,600. Hudbay Minerals has a 1-year low of $3.94 and a 1-year high of $8.11. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.25 and a quick ratio of 0.87. The company's fifty day moving average is $6.34 and its 200 day moving average is $5.41. The company has a market capitalization of $2.67 billion, a PE ratio of 38.10, a PEG ratio of 0.75 and a beta of 1.95.

Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last issued its earnings results on Friday, February 23rd. The mining company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.06. Hudbay Minerals had a return on equity of 3.86% and a net margin of 3.95%. The firm had revenue of $602.20 million for the quarter, compared to analyst estimates of $552.74 million. During the same period last year, the company earned $0.01 earnings per share. The firm's revenue for the quarter was up 87.5% on a year-over-year basis. On average, equities research analysts predict that Hudbay Minerals will post 0.44 earnings per share for the current fiscal year.

Hudbay Minerals Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 5th were issued a $0.0074 dividend. This represents a yield of 0.3%. The ex-dividend date was Monday, March 4th. Hudbay Minerals's dividend payout ratio (DPR) is currently 5.00%.

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.