Hudbay Minerals Stock Forecast, Price & News

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hudbay Minerals in the last twelve months. There are currently 1 hold rating and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Hudbay Minerals stock.
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Hudbay Minerals saw a drop in short interest in August. As of August 13th, there was short interest totaling 4,320,000 shares, a drop of 49.2% from the July 29th total of 8,500,000 shares. Based on an average trading volume of 1,630,000 shares, the short-interest ratio is presently 2.7 days. Approximately 2.0% of the shares of the stock are sold short.
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Hudbay Minerals is scheduled to release its next quarterly earnings announcement on Tuesday, November 2nd 2021.
View our earnings forecast for Hudbay Minerals.

Hudbay Minerals Inc. (NYSE:HBM) announced its earnings results on Monday, August, 9th. The mining company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.09 by $0.07. The mining company had revenue of $404.24 million for the quarter, compared to analyst estimates of $416.66 million. Hudbay Minerals had a negative net margin of 5.90% and a negative trailing twelve-month return on equity of 3.13%. The firm's quarterly revenue was up 93.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.15) earnings per share.
View Hudbay Minerals' earnings history.

Hudbay Minerals' stock was trading at $1.75 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, HBM stock has increased by 240.6% and is now trading at $5.96.
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Hudbay Minerals declared a semi-annual dividend on Wednesday, August 11th. Investors of record on Friday, September 3rd will be paid a dividend of $0.0079 per share on Friday, September 24th. This represents a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, September 2nd.
View Hudbay Minerals' dividend history.

Hudbay Minerals pays an annual dividend of $0.02 per share and currently has a dividend yield of 0.32%.
View Hudbay Minerals' dividend history.

12 analysts have issued 1 year price objectives for Hudbay Minerals' shares. Their forecasts range from $8.00 to $15.00. On average, they anticipate Hudbay Minerals' stock price to reach $12.33 in the next year. This suggests a possible upside of 106.9% from the stock's current price.
View analysts' price targets for Hudbay Minerals or view top-rated stocks among Wall Street analysts.

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

Some companies that are related to Hudbay Minerals include MP Materials (MP), Lundin Mining (LUNMF), Turquoise Hill Resources (TRQ), Exxaro Resources (EXXAY), Lithium Americas (LAC), Pretium Resources (PVG), Compañía de Minas Buenaventura S.A.A. (BVN), Centamin (CELTF), Ferroglobe (GSM), Nexa Resources (NEXA), North American Palladium (PALDF), New Gold (NGD), Fission Uranium (FCUUF), Augusta Gold (BFGC) and Sustainable Opportunities Acquisition (SOAC).
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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), (CXRX) (CXRX), Bombardier (BDRBF), (ECA), 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 a variety of retail and institutional investors. Top institutional investors include GMT Capital Corp (12.58%), Letko Brosseau & Associates Inc. (6.35%), L1 Capital Pty Ltd (3.67%), Connor Clark & Lunn Investment Management Ltd. (3.25%), Vanguard Group Inc. (2.61%) and Renaissance Technologies LLC (2.28%).

HBM stock was sold by a variety of institutional investors in the last quarter, including GMT Capital Corp, Allianz Asset Management GmbH, Letko Brosseau & Associates Inc., Goldman Sachs Group Inc., Connor Clark & Lunn Investment Management Ltd., Morgan Stanley, Morgan Stanley, and Mackenzie Financial Corp.

HBM stock was acquired by a variety of institutional investors in the last quarter, including L1 Capital Pty Ltd, Bank of Montreal Can, Alberta Investment Management Corp, Thornburg Investment Management Inc., Bank of New York Mellon Corp, Westpac Banking Corp, Royal Bank of Canada, and Susquehanna International Group LLP.

Shares of HBM 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 $5.96.

Hudbay Minerals has a market capitalization of $1.56 billion and generates $1.09 billion in revenue each year. The mining company earns $-144,580,000.00 in net income (profit) each year or ($0.46) on an earnings per share basis.

Hudbay Minerals employs 2,530 workers across the globe.

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

Hudbay Minerals is headquartered at 25 YORK STREET SUITE 800, TORONTO A6, M5J 2V5.

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]