Hudbay Minerals Inc (NYSE:HBM) (TSE:HBM) shares traded up 2.5% during trading on Thursday . The stock traded as high as $7.10 and last traded at $6.92. 16,797 shares were traded during trading, a decline of 96% from the average session volume of 454,692 shares. The stock had previously closed at $7.10.
Several research analysts have recently commented on the stock. ValuEngine upgraded shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a research note on Wednesday, May 9th. TD Securities lowered shares of Hudbay Minerals to a “buy” rating in a research note on Tuesday, April 17th. Zacks Investment Research upgraded shares of Hudbay Minerals from a “sell” rating to a “hold” rating in a research note on Wednesday, April 25th. Canaccord Genuity upgraded shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, Macquarie upgraded shares of Hudbay Minerals from a “neutral” rating to an “outperform” rating in a research note on Tuesday, March 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $11.25.
The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.50 and a current ratio of 1.94. The company has a market cap of $1.75 billion, a PE ratio of 11.93 and a beta of 3.00.
Hudbay Minerals (NYSE:HBM) (TSE:HBM) last posted its earnings results on Wednesday, May 2nd. The mining company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). Hudbay Minerals had a net margin of 13.88% and a return on equity of 9.04%. The firm had revenue of $386.66 million during the quarter, compared to analyst estimates of $409.00 million. During the same quarter in the previous year, the business posted ($0.01) earnings per share. equities research analysts expect that Hudbay Minerals Inc will post 0.64 EPS for the current year.
A number of large investors have recently bought and sold shares of HBM. Dimensional Fund Advisors LP grew its stake in Hudbay Minerals by 5.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 135,253 shares of the mining company’s stock valued at $1,008,000 after buying an additional 7,194 shares during the last quarter. American Century Companies Inc. boosted its holdings in Hudbay Minerals by 24.1% in the 4th quarter. American Century Companies Inc. now owns 975,850 shares of the mining company’s stock valued at $8,641,000 after purchasing an additional 189,530 shares during the period. Renaissance Group LLC bought a new stake in Hudbay Minerals in the 4th quarter valued at $649,000. Swiss National Bank boosted its holdings in Hudbay Minerals by 2.1% in the 4th quarter. Swiss National Bank now owns 443,000 shares of the mining company’s stock valued at $3,926,000 after purchasing an additional 8,900 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in Hudbay Minerals by 27.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 3,368,436 shares of the mining company’s stock valued at $29,642,000 after purchasing an additional 730,583 shares during the period. Institutional investors and hedge funds own 63.44% of the company’s stock.
About Hudbay Minerals
Hudbay Minerals Inc, an integrated 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; and zinc metal. The company owns four polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru; and a copper project in Arizona, the United States.
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