Hudbay Minerals Inc. (NYSE:HBM) Receives $11.17 Consensus PT from Analysts

Shares of Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) have been assigned an average recommendation of “Buy” from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $11.17.

Separately, StockNews.com raised shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a research report on Friday, November 15th.

Hudbay Minerals Stock Up 4.2 %

HBM stock opened at $8.24 on Friday. The company’s 50 day moving average price is $9.00 and its 200 day moving average price is $8.59. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 35.83 and a beta of 1.77. Hudbay Minerals has a fifty-two week low of $4.94 and a fifty-two week high of $10.49. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.47 and a current ratio of 1.86.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last released its quarterly earnings data on Wednesday, November 13th. The mining company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.09. Hudbay Minerals had a net margin of 4.23% and a return on equity of 7.44%. The business had revenue of $485.80 million during the quarter, compared to analysts’ expectations of $454.47 million. During the same period in the previous year, the company earned $0.07 EPS. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, equities research analysts anticipate that Hudbay Minerals will post 0.55 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Northwest & Ethical Investments L.P. increased its holdings in Hudbay Minerals by 0.8% in the third quarter. Northwest & Ethical Investments L.P. now owns 197,289 shares of the mining company’s stock valued at $1,815,000 after buying an additional 1,487 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Hudbay Minerals by 0.4% in the 3rd quarter. Van ECK Associates Corp now owns 451,628 shares of the mining company’s stock worth $4,213,000 after acquiring an additional 1,960 shares during the period. MQS Management LLC increased its stake in Hudbay Minerals by 8.2% in the 3rd quarter. MQS Management LLC now owns 34,231 shares of the mining company’s stock valued at $315,000 after purchasing an additional 2,592 shares in the last quarter. FMR LLC raised its holdings in Hudbay Minerals by 0.7% during the third quarter. FMR LLC now owns 354,392 shares of the mining company’s stock worth $3,260,000 after purchasing an additional 2,624 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Hudbay Minerals by 4.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 74,546 shares of the mining company’s stock worth $674,000 after purchasing an additional 2,905 shares in the last quarter. Hedge funds and other institutional investors own 57.82% of the company’s stock.

Hudbay Minerals Company Profile

Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.