Hudbay Minerals Inc., a diversified mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; silver/gold doré; molybdenum concentrates; and zinc metals. The company owns three polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru; and copper projects in Arizona and Nevada, the United States. HudBay Minerals Inc. was founded in 1927 and is headquartered in Toronto, Canada.
Hudbay Minerals Price Performance
NYSE:HBM traded up $0.46 on Wednesday, reaching $4.61. The company's stock had a trading volume of 2,275,610 shares, compared to its average volume of 1,477,265. The firm has a market cap of $1.21 billion, a PE ratio of -10.02, a price-to-earnings-growth ratio of 0.72 and a beta of 2.00. The business has a 50-day moving average price of $4.23 and a 200 day moving average price of $6.14. Hudbay Minerals has a 52 week low of $3.08 and a 52 week high of $8.75. The company has a current ratio of 1.35, a quick ratio of 0.92 and a debt-to-equity ratio of 0.79.
Hudbay Minerals (NYSE:HBM - Get Rating) (TSE:HBM) last posted its earnings results on Monday, May 9th. The mining company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.07). The business had revenue of $378.62 million during the quarter, compared to the consensus estimate of $402.00 million. Hudbay Minerals had a negative net margin of 7.69% and a positive return on equity of 5.27%. Sell-side analysts expect that Hudbay Minerals will post 0.2 EPS for the current year.
Hudbay Minerals Announces Dividend
The firm also recently announced a Semi-Annual dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 2nd will be paid a $0.008 dividend. The ex-dividend date of this dividend is Thursday, September 1st. This represents a yield of 0.3%. Hudbay Minerals's payout ratio is currently -4.35%.
Analyst Upgrades and Downgrades
Several research analysts recently commented on the stock. CIBC dropped their target price on shares of Hudbay Minerals from C$14.00 to C$11.50 in a report on Wednesday, May 18th. Scotiabank dropped their price objective on shares of Hudbay Minerals from C$10.00 to C$7.50 in a report on Thursday, July 7th. Barclays upgraded shares of Hudbay Minerals from an "equal weight" rating to an "overweight" rating in a report on Tuesday, July 19th. Raymond James boosted their price objective on shares of Hudbay Minerals from C$13.00 to C$14.00 in a report on Wednesday, April 20th. Finally, StockNews.com downgraded shares of Hudbay Minerals from a "buy" rating to a "hold" rating in a report on Tuesday, April 19th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Hudbay Minerals has a consensus rating of "Moderate Buy" and a consensus target price of $11.44.