Hudbay Minerals - HBM Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hudbay Minerals in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities 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.
View HBM analyst ratings or view top-rated stocks.

3 analysts have issued twelve-month price objectives for Hudbay Minerals' stock. Their HBM share price forecasts range from $7.50 to $12.50. On average, they anticipate the company's stock price to reach $10.17 in the next year. This suggests a possible upside of 91.1% from the stock's current price.
View analysts price targets for HBM or view top-rated stocks among Wall Street analysts.

Hudbay Minerals' stock was trading at $5.07 at the beginning of 2023. Since then, HBM stock has increased by 4.9% and is now trading at $5.32.
View the best growth stocks for 2023 here.

Hudbay Minerals saw a increase in short interest during the month of December. As of December 30th, there was short interest totaling 6,870,000 shares, an increase of 133.7% from the December 15th total of 2,940,000 shares. Based on an average trading volume of 2,250,000 shares, the days-to-cover ratio is presently 3.1 days. Currently, 3.0% of the shares of the company are short sold.
View Hudbay Minerals' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our HBM earnings forecast.

Hudbay Minerals will be holding an earnings conference call on Friday, February 24th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

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

Hudbay Minerals announced a Semi-Annual dividend on Monday, August 8th. Investors of record on Friday, September 2nd will be paid a dividend of $0.008 per share on Friday, September 23rd. This represents a dividend yield of 0.3%. The ex-dividend date 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 0.28%. 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 2.94% 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 retail and institutional investors. Top institutional shareholders include Boundary Creek Advisors LP (1.04%), National Bank of Canada FI (0.92%), Heathbridge Capital Management Ltd. (0.78%), Bank of Montreal Can (0.63%), TD Asset Management Inc (0.22%) and Cumberland Partners Ltd (0.21%).

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.
Compare Top Brokerages Here.

One share of HBM stock can currently be purchased for approximately $5.32.

Hudbay Minerals (NYSE:HBM) has a market capitalization of $1.39 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.