Hudbay Minerals - HBM Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hudbay Minerals in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" HBM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HBM, but not buy additional shares or sell existing shares.
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3 equities research analysts have issued 12 month target prices for Hudbay Minerals' shares. Their HBM share price forecasts range from $8.75 to $12.50. On average, they predict the company's share price to reach $10.47 in the next twelve months. This suggests a possible upside of 100.6% from the stock's current price.
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Hudbay Minerals' stock was trading at $5.07 at the beginning of 2023. Since then, HBM shares have increased by 3.0% and is now trading at $5.22.
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Hudbay Minerals saw a drop in short interest during the month of February. As of February 28th, there was short interest totaling 9,510,000 shares, a drop of 6.5% from the February 13th total of 10,170,000 shares. Based on an average daily trading volume, of 2,710,000 shares, the short-interest ratio is presently 3.5 days. Currently, 4.0% of the shares of the company are sold short.
View Hudbay Minerals' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, May 8th 2023.
View our HBM earnings forecast.

Hudbay Minerals Inc. (NYSE:HBM) issued its quarterly earnings results on Friday, February, 24th. The mining company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by $0.01. The mining company earned $321.20 million during the quarter, compared to analyst estimates of $395.63 million. Hudbay Minerals had a trailing twelve-month return on equity of 1.70% and a net margin of 4.82%. The business's revenue was down 24.5% compared to the same quarter last year. During the same period last year, the business posted $0.13 earnings per share.

Hudbay Minerals announced a Semi-Annual dividend on Thursday, February 23rd. Shareholders of record on Tuesday, March 7th will be given a dividend of $0.008 per share on Friday, March 24th. This represents a yield of 0.3%. The ex-dividend date is Monday, March 6th.
Read our dividend analysis for HBM.

Hudbay Minerals (NYSE:HBM) pays an annual dividend of $0.01 per share and currently has a dividend yield of 0.30%. The dividend payout ratio is 3.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HBM will have a dividend payout ratio of 1.09% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HBM.

14 employees have rated Hudbay Minerals Chief Executive Officer David Garofalo on Glassdoor.com. David Garofalo has an approval rating of 37% among the company's employees. This puts David Garofalo in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

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), (CXRX) (CXRX), Bombardier (BDRBF), Bombardier, Inc. Class B (BBD.B) and Bonavista Energy Co. (BNP.TO) (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 shareholders include Waterton Global Resource Management Inc. (14.45%), Letko Brosseau & Associates Inc. (6.67%), EdgePoint Investment Group Inc. (2.36%), Mirae Asset Global Investments Co. Ltd. (1.98%), Arrowstreet Capital Limited Partnership (1.91%) and Morgan Stanley (1.35%).

Shares of HBM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HBM stock can currently be purchased for approximately $5.22.

Hudbay Minerals (NYSE:HBM) has a market capitalization of $1.37 billion and generates $1.46 billion in revenue each year. The mining company earns $70.38 million in net income (profit) each year or $0.26 on an earnings per share basis.

The company employs 2,505 workers across the globe.

Hudbay Minerals' mailing address is 25 YORK STREET SUITE 800, TORONTO A6, M5J 2V5. The official website for the company is www.hudbayminerals.com. The mining company can be reached via phone at (416) 362-8181, via email at investor.relations@hudbayminerals.com, or via fax at 416-362-7844.