Hudbay Minerals - HBM Stock Forecast, Price & News

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.

Analyst Ratings Changes

Several analysts recently commented on the company. Credit Suisse Group dropped their price target on Hudbay Minerals to C$9.00 and set an "outperform" rating for the company in a research report on Tuesday, June 28th. Cormark dropped their price target on Hudbay Minerals to C$8.00 and set a "buy" rating for the company in a research report on Friday, July 22nd. National Bank Financial cut Hudbay Minerals from an "outperform" rating to a "sector perform" rating in a report on Monday, July 18th. Barclays upgraded Hudbay Minerals from an "equal weight" rating to an "overweight" rating and dropped their target price for the company from C$9.00 to C$6.00 in a report on Tuesday, July 19th. Finally, Haywood Securities dropped their target price on Hudbay Minerals from C$12.00 to C$8.00 and set a "buy" rating for the company in a report on Friday, July 22nd. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of C$9.77.

Hudbay Minerals Price Performance

Shares of HBM traded up C$0.36 during mid-day trading on Monday, hitting C$5.15. The company's stock had a trading volume of 1,547,288 shares, compared to its average volume of 1,207,584. The company has a current ratio of 1.35, a quick ratio of 0.87 and a debt-to-equity ratio of 80.55. The firm has a 50-day simple moving average of C$5.55 and a 200 day simple moving average of C$7.88. The firm has a market capitalization of C$1.35 billion and a P/E ratio of -8.41. Hudbay Minerals has a 1-year low of C$4.07 and a 1-year high of C$11.17.

Hudbay Minerals (TSE:HBM - Get Rating) (NYSE:HBM) last issued its quarterly earnings data on Monday, May 9th. The mining company reported C$0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.12 by C($0.09). The company had revenue of C$479.61 million during the quarter, compared to analysts' expectations of C$511.94 million. Analysts predict that Hudbay Minerals will post 1.21 EPS for the current fiscal year.