Shares of Hudbay Minerals Inc. (NYSE:HBM – Get Rating) (TSE:HBM) have received an average recommendation of "Moderate Buy" from the twelve analysts that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $12.13.
Several equities research analysts have recently commented on the stock. CIBC lowered their price target on shares of Hudbay Minerals from C$14.00 to C$11.50 in a research report on Wednesday, May 18th. StockNews.com cut shares of Hudbay Minerals from a "buy" rating to a "hold" rating in a report on Tuesday, April 19th. Barclays upgraded shares of Hudbay Minerals from an "equal weight" rating to an "overweight" rating in a report on Tuesday, July 19th. Royal Bank of Canada decreased their price objective on shares of Hudbay Minerals from C$14.00 to C$12.00 in a report on Wednesday, May 11th. Finally, Canaccord Genuity Group decreased their price objective on shares of Hudbay Minerals from C$11.50 to C$9.50 in a report on Thursday, July 14th.
Get Hudbay Minerals alerts:Institutional Trading of Hudbay Minerals
A number of institutional investors have recently made changes to their positions in HBM. Quadrant Capital Group LLC raised its position in Hudbay Minerals by 122.9% during the fourth quarter. Quadrant Capital Group LLC now owns 6,183 shares of the mining company's stock worth $45,000 after acquiring an additional 3,409 shares in the last quarter. US Bancorp DE raised its position in Hudbay Minerals by 122.4% during the first quarter. US Bancorp DE now owns 7,899 shares of the mining company's stock worth $62,000 after acquiring an additional 4,347 shares in the last quarter. Signaturefd LLC raised its position in Hudbay Minerals by 97.9% during the first quarter. Signaturefd LLC now owns 10,448 shares of the mining company's stock worth $82,000 after acquiring an additional 5,169 shares in the last quarter. CastleKnight Management LP bought a new stake in Hudbay Minerals during the fourth quarter worth $85,000. Finally, Meridian Wealth Management LLC bought a new stake in Hudbay Minerals during the second quarter worth $49,000. Institutional investors own 67.11% of the company's stock.
Hudbay Minerals Trading Up 2.5 %
HBM opened at $3.68 on Friday. The company has a current ratio of 1.35, a quick ratio of 0.92 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $963.76 million, a PE ratio of -8.00, a PEG ratio of 0.70 and a beta of 2.00. Hudbay Minerals has a 1-year low of $3.08 and a 1-year high of $8.75. The firm has a 50-day moving average price of $4.32 and a two-hundred day moving average price of $6.20.Hudbay Minerals (NYSE:HBM – Get Rating) (TSE:HBM) last issued its quarterly earnings results on Monday, May 9th. The mining company reported $0.02 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 business had revenue of $378.62 million for the quarter, compared to analyst estimates of $402.00 million. As a group, equities analysts anticipate that Hudbay Minerals will post 0.2 earnings per share for the current fiscal year.
Hudbay Minerals Company Profile
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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.
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