Hudbay Minerals - HBM Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hudbay Minerals in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" HBM shares.
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4 analysts have issued 1-year target prices for Hudbay Minerals' stock. Their HBM share price forecasts range from $7.00 to $12.50. On average, they predict the company's stock price to reach $9.83 in the next twelve months. This suggests a possible upside of 68.1% from the stock's current price.
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Hudbay Minerals' stock was trading at $7.25 on January 1st, 2022. Since then, HBM stock has decreased by 19.3% and is now trading at $5.85.
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Hudbay Minerals saw a decrease in short interest in November. As of November 15th, there was short interest totaling 3,660,000 shares, a decrease of 63.8% from the October 31st total of 10,110,000 shares. Based on an average daily trading volume, of 1,500,000 shares, the short-interest ratio is presently 2.4 days. Approximately 1.7% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
View our HBM earnings forecast.

Hudbay Minerals Inc. (NYSE:HBM) posted its quarterly earnings results on Wednesday, November, 3rd. The mining company reported $0.15 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.12. The mining company had revenue of $358.96 million for the quarter, compared to analyst estimates of $382.84 million. Hudbay Minerals had a net margin of 4.94% and a trailing twelve-month return on equity of 3.61%. During the same quarter in the prior year, the firm earned ($0.10) earnings per share.

Hudbay Minerals announced a Semi-Annual dividend on Monday, August 8th. Stockholders of record on Friday, September 2nd will be given a dividend of $0.008 per share on Friday, September 23rd. This represents a yield of 0.3%. The ex-dividend date of this dividend is Thursday, September 1st.
Read our dividend analysis for HBM.

Hudbay Minerals (NYSE:HBM) pays an annual dividend of $0.02 per share and currently has a dividend yield of 0.26%. The dividend payout ratio is 6.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HBM will have a dividend payout ratio of 2.86% 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 a variety of institutional and retail investors. Top institutional investors include L1 Capital Pty Ltd (6.90%), Letko Brosseau & Associates Inc. (6.53%), EdgePoint Investment Group Inc. (2.98%), Vanguard Group Inc. (2.88%), Heathbridge Capital Management Ltd. (1.42%) and Renaissance Technologies LLC (1.19%).

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 $5.85.

Hudbay Minerals (NYSE:HBM) has a market capitalization of $1.53 billion and generates $1.50 billion in revenue each year. The mining company earns $-244,360,000.00 in net income (profit) each year or $0.29 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.