ValuEngine Lowers Hudbay Minerals (NYSE:HBM) to Sell

ValuEngine lowered shares of Hudbay Minerals (NYSE:HBM) (TSE:HBM) from a hold rating to a sell rating in a research report released on Tuesday, ValuEngine reports.

Other analysts have also issued research reports about the stock. Royal Bank of Canada set a €86.00 ($100.00) price target on shares of Henkel AG & Co KGaA and gave the company a neutral rating in a research note on Tuesday, May 7th. Credit Suisse Group set a $60.00 price target on shares of Oracle and gave the company a buy rating in a research note on Monday, March 11th. TheStreet lowered shares of Virtusa from a b- rating to a c+ rating in a research note on Wednesday, May 29th. BMO Capital Markets lowered shares of Capital Power from an outperform rating to a market perform rating in a research note on Wednesday, May 8th. Finally, Canaccord Genuity lowered shares of Iamgold from a buy rating to a hold rating and decreased their price target for the company from C$7.00 to C$3.75 in a research note on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. Hudbay Minerals has a consensus rating of Hold and a consensus target price of $8.05.

NYSE:HBM opened at $5.13 on Tuesday. The company has a fifty day moving average of $5.14. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 13.15, a P/E/G ratio of 4.37 and a beta of 2.83. The company has a quick ratio of 2.14, a current ratio of 2.64 and a debt-to-equity ratio of 0.48. Hudbay Minerals has a twelve month low of $3.44 and a twelve month high of $7.83.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last released its quarterly earnings data on Monday, May 6th. The mining company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.02. The company had revenue of $292.30 million during the quarter, compared to analyst estimates of $314.70 million. Hudbay Minerals had a net margin of 2.22% and a return on equity of 3.07%. Hudbay Minerals’s revenue for the quarter was down 24.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.16 EPS. Equities research analysts anticipate that Hudbay Minerals will post 0.21 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in HBM. New York State Common Retirement Fund purchased a new position in Hudbay Minerals during the 4th quarter worth $33,000. Gotham Asset Management LLC purchased a new position in Hudbay Minerals during the 4th quarter worth $86,000. Two Sigma Investments LP purchased a new position in Hudbay Minerals during the 4th quarter worth $126,000. Jane Street Group LLC purchased a new position in Hudbay Minerals during the 4th quarter worth $148,000. Finally, Macquarie Group Ltd. purchased a new position in Hudbay Minerals during the 4th quarter worth $148,000. Institutional investors and hedge funds own 64.84% 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 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.

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Analyst Recommendations for Hudbay Minerals (NYSE:HBM)

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