Hudbay Minerals Inc., a diversified mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; silver/gold doré; molybdenum concentrates; and zinc metals. The company owns three polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru; and copper projects in Arizona and Nevada, the United States. HudBay Minerals Inc. was founded in 1927 and is headquartered in Toronto, Canada.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on HBM. Stifel Nicolaus cut their target price on shares of Hudbay Minerals from C$16.50 to C$12.00 in a research note on Tuesday, July 19th. Scotiabank decreased their price target on shares of Hudbay Minerals from C$10.00 to C$7.50 in a research note on Thursday, July 7th. Raymond James boosted their target price on shares of Hudbay Minerals from C$13.00 to C$14.00 in a research report on Wednesday, April 20th. CIBC dropped their target price on shares of Hudbay Minerals from C$14.00 to C$11.50 in a research note on Wednesday, May 18th. Finally, Canaccord Genuity Group lowered their price target on shares of Hudbay Minerals from C$11.50 to C$9.50 in a research report on Thursday, July 14th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $12.06.
Hudbay Minerals Price Performance
Shares of NYSE:HBM opened at $3.68 on Monday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.35 and a quick ratio of 0.92. The business has a 50-day moving average price of $4.32 and a two-hundred day moving average price of $6.19. Hudbay Minerals has a 1-year low of $3.08 and a 1-year high of $8.75.
Hudbay Minerals (NYSE:HBM - Get Rating) (TSE:HBM) last released its earnings results on Monday, May 9th. The mining company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.07). Hudbay Minerals had a positive return on equity of 5.27% and a negative net margin of 7.69%. The company had revenue of $378.62 million for the quarter, compared to analyst estimates of $402.00 million. On average, equities research analysts expect that Hudbay Minerals will post 0.2 earnings per share for the current year.