Hudbay Minerals (HBM) Stock Price, News & Analysis

9 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 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" HBM shares.
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9 equities research analysts have issued 12 month target prices for Hudbay Minerals' stock. Their HBM share price targets range from $8.00 to $13.00. On average, they predict the company's share price to reach $10.21 in the next twelve months. This suggests a possible upside of 22.0% from the stock's current price.
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Hudbay Minerals' stock was trading at $5.52 at the beginning of the year. Since then, HBM shares have increased by 51.6% and is now trading at $8.37.
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Hudbay Minerals saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 7,710,000 shares, a decrease of 10.9% from the March 15th total of 8,650,000 shares. Based on an average daily trading volume, of 2,170,000 shares, the short-interest ratio is currently 3.6 days.
View Hudbay Minerals' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our HBM earnings forecast.

Hudbay Minerals will be holding an earnings conference call on Tuesday, May 14th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Hudbay Minerals Inc. (NYSE:HBM) posted its quarterly earnings data on Friday, February, 23rd. The mining company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.06. The mining company had revenue of $602.20 million for the quarter, compared to analyst estimates of $552.74 million. Hudbay Minerals had a net margin of 3.95% and a trailing twelve-month return on equity of 3.86%. The firm's revenue was up 87.5% compared to the same quarter last year. During the same period last year, the business earned $0.01 earnings per share.

Hudbay Minerals announced a semi-annual dividend on Monday, February 26th. Stockholders of record on Tuesday, March 5th will be paid a dividend of $0.0074 per share on Friday, March 22nd. This represents a yield of 0.3%. The ex-dividend date of this dividend is Monday, March 4th.
Read our dividend analysis for HBM.

Hudbay Minerals (NYSE:HBM) pays an annual dividend of $0.01 per share and currently has a dividend yield of 0.09%. The dividend payout ratio is 5.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HBM will have a dividend payout ratio of 1.37% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HBM.

ETFs with the largest weight of Hudbay Minerals (NYSE:HBM) stock in their portfolio include Sprott Junior Copper Miners ETF (COPJ), Macquarie Energy Transition ETF (PWER), Global X Copper Miners ETF (COPX), iShares Copper and Metals Mining ETF (ICOP), Global X Disruptive Materials ETF (DMAT), VanEck Green Metals ETF (GMET) and Sprott Energy Transition Materials ETF (SETM).SPDR S&P International Small Cap ETF (GWX).

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' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Mirae Asset Global Investments Co. Ltd. (1.57%), Jennison Associates LLC (0.80%), Galibier Capital Management Ltd. (0.51%), Van ECK Associates Corp (0.08%), BNP Paribas Financial Markets (0.05%) and Hartree Partners LP (0.05%).

Shares of HBM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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