Hudbay Minerals (HBM) Stock Forecast, Price & News

4 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 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" HBM shares.
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4 equities research analysts have issued 1 year target prices for Hudbay Minerals' shares. Their HBM share price forecasts range from $8.75 to $12.50. On average, they expect the company's stock price to reach $10.11 in the next twelve months. This suggests a possible upside of 111.9% from the stock's current price.
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Hudbay Minerals' stock was trading at $5.07 at the beginning of the year. Since then, HBM stock has decreased by 5.9% and is now trading at $4.77.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023.
View our HBM earnings forecast.

Hudbay Minerals Inc. (NYSE:HBM) announced its quarterly earnings data on Friday, February, 24th. The mining company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by $0.01. The mining company had revenue of $321.20 million for the quarter, compared to the consensus estimate of $395.63 million. Hudbay Minerals had a net margin of 0.87% and a trailing twelve-month return on equity of 1.38%. The company's revenue was down 24.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.13 earnings per share.

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

Dimensional International Small Cap Value ETF holds 520,510 shares of HBM stock, representing 0.25% of its portfolio.

Hudbay Minerals (NYSE:HBM) pays an annual dividend of $0.01 per share and currently has a dividend yield of 0.34%. The dividend payout ratio is 25.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HBM will have a dividend payout ratio of 1.14% 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 number of institutional and retail investors. Top institutional shareholders include GMT Capital Corp (11.75%), Waterton Global Resource Management Inc. (8.30%), Letko Brosseau & Associates Inc. (6.47%), Acadian Asset Management LLC (2.32%), Mirae Asset Global Investments Co. Ltd. (2.10%) and Connor Clark & Lunn Investment Management Ltd. (1.24%).

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 $4.77.

Hudbay Minerals (NYSE:HBM) has a market capitalization of $1.25 billion and generates $1.38 billion in revenue each year. The mining company earns $70.38 million in net income (profit) each year or $0.04 on an earnings per share basis.

The company employs 2,241 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.