Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM issued its quarterly earnings results on Tuesday. The mining company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.13, Zacks reports. The company had revenue of $524.99 million for the quarter, compared to analyst estimates of $463.69 million. Hudbay Minerals had a return on equity of 3.86% and a net margin of 3.95%.
Hudbay Minerals Stock Down 1.1 %
NYSE:HBM traded down $0.11 during trading hours on Wednesday, hitting $9.94. 3,928,809 shares of the company traded hands, compared to its average volume of 2,484,452. The company has a quick ratio of 0.87, a current ratio of 1.25 and a debt-to-equity ratio of 0.61. The firm's 50-day simple moving average is $7.64 and its 200-day simple moving average is $6.02. Hudbay Minerals has a one year low of $3.94 and a one year high of $10.28. The company has a market cap of $3.49 billion, a PE ratio of 49.70, a PEG ratio of 0.92 and a beta of 1.88.
Hudbay Minerals Cuts Dividend
The firm also recently declared a semi-annual dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 5th were given a $0.0074 dividend. The ex-dividend date of this dividend was Monday, March 4th. This represents a yield of 0.3%. Hudbay Minerals's payout ratio is 5.00%.
Analyst Ratings Changes
A number of research firms have recently commented on HBM. Raymond James increased their target price on shares of Hudbay Minerals from $9.00 to $10.50 and gave the stock an "outperform" rating in a report on Wednesday, March 20th. Jefferies Financial Group began coverage on shares of Hudbay Minerals in a research note on Friday, May 3rd. They set a "hold" rating and a $13.00 target price on the stock. StockNews.com cut Hudbay Minerals from a "buy" rating to a "hold" rating in a research note on Monday. Bank of America upgraded Hudbay Minerals from a "neutral" rating to a "buy" rating and set a $9.00 price objective on the stock in a research report on Tuesday, April 9th. Finally, Stifel Nicolaus assumed coverage on Hudbay Minerals in a research report on Tuesday, March 26th. They issued a "buy" rating for the company. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $10.21.
View Our Latest Research Report on HBM
About Hudbay Minerals
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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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