Hudbay Minerals Stock Forecast, Price & News

Hudbay Minerals' stock was trading at $1.75 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, HBM stock has increased by 126.3% and is now trading at $3.96.
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11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hudbay Minerals in the last year. There are currently 1 sell rating, 4 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Hudbay Minerals.

Hudbay Minerals is scheduled to release its next quarterly earnings announcement on Monday, November 9th 2020.
View our earnings forecast for Hudbay Minerals.

Hudbay Minerals Inc (NYSE:HBM) announced its quarterly earnings results on Tuesday, August, 11th. The mining company reported ($0.15) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.22) by $0.07. The mining company had revenue of $208.91 million for the quarter, compared to the consensus estimate of $188.95 million. Hudbay Minerals had a negative return on equity of 7.04% and a negative net margin of 37.79%. The company's revenue for the quarter was down 36.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.21) EPS.
View Hudbay Minerals' earnings history.

Hudbay Minerals declared a semi-annual dividend on Thursday, August 13th. Investors of record on Friday, September 4th will be paid a dividend of $0.0075 per share on Friday, September 25th. This represents a yield of 0.4%. The ex-dividend date of this dividend is Thursday, September 3rd.
View Hudbay Minerals' dividend history.

11 brokers have issued twelve-month price objectives for Hudbay Minerals' stock. Their forecasts range from $3.90 to $7.00. On average, they expect Hudbay Minerals' stock price to reach $5.54 in the next twelve months. This suggests a possible upside of 39.8% from the stock's current price.
View analysts' price targets for Hudbay Minerals.

Hudbay Minerals saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 2,770,000 shares, an increase of 21.5% from the August 31st total of 2,280,000 shares. Based on an average daily trading volume, of 1,030,000 shares, the short-interest ratio is presently 2.7 days. Currently, 1.3% of the shares of the stock are sold short.
View Hudbay Minerals' Short Interest.

Some companies that are related to Hudbay Minerals include Jaguar Mining (JAGGF), Compania de Minas Buenaventura SAA (BVN), Centamin (CELTF), EXXARO RESOURCE/S (EXXAY), Pretium Resources (PVG), Cleveland-Cliffs (CLF), Turquoise Hill Resources (TRQ), New Gold (NGD), North American Palladium (PALDF), Lithium Americas (LAC), Nexa Resources (NEXA), Jaguar Mining (JAGGD), Great Panther Mining (GPL), EMX Royalty (EMX) and Fission Uranium (FCUUF).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Hudbay Minerals investors own include Cellectar Biosciences (CLRB), Zynga (ZNGA), Quantum (QTM), Baytex Energy (BTE), Sherritt International (S), Concordia International (CXRX), Bombardier (BDRBF), Encana (ECA), Bombardier, Inc. Class B (BBD.B) and Bonavista Energy (BNP).

Hudbay Minerals trades on the New York Stock Exchange (NYSE) under the ticker symbol "HBM."

Hudbay Minerals' stock is owned by many different retail and institutional investors. Top institutional investors include Letko Brosseau & Associates Inc. (12.79%), Heathbridge Capital Management Ltd. (3.00%), Vanguard Group Inc. (2.58%), Assenagon Asset Management S.A. (0.34%), TD Asset Management Inc. (0.33%) and Macquarie Group Ltd. (0.28%).

HBM stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Letko Brosseau & Associates Inc., Vanguard Group Inc., Heathbridge Capital Management Ltd., Intact Investment Management Inc., Goldman Sachs Group Inc., Man Group plc, and CoreCommodity Management LLC.

HBM stock was purchased by a variety of institutional investors in the last quarter, including Canada Pension Plan Investment Board, K2 Principal Fund L.P., Bank of America Corp DE, Schonfeld Strategic Advisors LLC, Aigen Investment Management LP, Neuberger Berman Group LLC, Swiss National Bank, and Macquarie Group Ltd..

Shares of HBM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of HBM stock can currently be purchased for approximately $3.96.

Hudbay Minerals has a market capitalization of $1.03 billion and generates $1.24 billion in revenue each year. The mining company earns $-343,810,000.00 in net income (profit) each year or ($0.19) on an earnings per share basis. Hudbay Minerals employs 2,236 workers across the globe.

The official website for Hudbay Minerals is www.hudbayminerals.com.

Hudbay Minerals' mailing address is 25 YORK STREET SUITE 800, TORONTO A6, M5J 2V5. The mining company can be reached via phone at 416-362-8181 or via email at [email protected]