Wall Street analysts expect Hudbay Minerals Inc (NYSE:HBM) (TSE:HBM) to report earnings per share of ($0.04) for the current fiscal quarter, Zacks Investment Research reports. Thirteen analysts have provided estimates for Hudbay Minerals’ earnings. The highest EPS estimate is $0.19 and the lowest is ($0.21). Hudbay Minerals posted earnings of $0.05 per share in the same quarter last year, which would suggest a negative year over year growth rate of 180%. The business is scheduled to announce its next earnings report on Tuesday, February 18th.
According to Zacks, analysts expect that Hudbay Minerals will report full year earnings of ($0.11) per share for the current fiscal year, with EPS estimates ranging from ($0.39) to $0.13. For the next fiscal year, analysts anticipate that the company will post earnings of $0.01 per share, with EPS estimates ranging from ($0.69) to $0.59. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Hudbay Minerals.
Hudbay Minerals (NYSE:HBM) (TSE:HBM) last issued its quarterly earnings data on Monday, November 11th. The mining company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.02). Hudbay Minerals had a negative return on equity of 0.71% and a negative net margin of 27.35%. The company had revenue of $291.28 million during the quarter, compared to analyst estimates of $295.75 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. The business’s revenue was down 19.7% compared to the same quarter last year.
Several equities analysts have recently commented on the stock. ValuEngine upgraded shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Zacks Investment Research upgraded shares of Hudbay Minerals from a “strong sell” rating to a “hold” rating in a report on Friday, October 18th. Scotiabank lowered shares of Hudbay Minerals from an “outperform” rating to a “sector perform” rating in a report on Tuesday. Barclays restated an “average” rating and issued a $8.00 price objective on shares of Hudbay Minerals in a report on Sunday, August 4th. Finally, CIBC reaffirmed a “hold” rating and set a $5.00 target price on shares of Hudbay Minerals in a research note on Friday, September 6th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $7.55.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Letko Brosseau & Associates Inc. increased its position in shares of Hudbay Minerals by 7.1% in the 3rd quarter. Letko Brosseau & Associates Inc. now owns 37,994,123 shares of the mining company’s stock valued at $137,169,000 after purchasing an additional 2,528,250 shares during the last quarter. Waterton Global Resource Management Inc. increased its position in shares of Hudbay Minerals by 6.5% in the 2nd quarter. Waterton Global Resource Management Inc. now owns 33,649,698 shares of the mining company’s stock valued at $182,045,000 after purchasing an additional 2,066,581 shares during the last quarter. Heathbridge Capital Management Ltd. increased its position in shares of Hudbay Minerals by 32.6% in the 3rd quarter. Heathbridge Capital Management Ltd. now owns 6,778,215 shares of the mining company’s stock valued at $24,465,000 after purchasing an additional 1,665,500 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Hudbay Minerals by 63.7% in the 2nd quarter. Renaissance Technologies LLC now owns 4,183,209 shares of the mining company’s stock valued at $22,631,000 after purchasing an additional 1,628,400 shares during the last quarter. Finally, CIBC Asset Management Inc increased its position in shares of Hudbay Minerals by 320.6% in the 3rd quarter. CIBC Asset Management Inc now owns 641,274 shares of the mining company’s stock valued at $2,314,000 after purchasing an additional 488,799 shares during the last quarter. 63.99% of the stock is currently owned by hedge funds and other institutional investors.
Shares of HBM stock traded up $0.16 during trading hours on Monday, hitting $3.52. The company had a trading volume of 1,276,912 shares, compared to its average volume of 736,042. The company’s fifty day moving average is $3.58 and its 200 day moving average is $4.36. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.09 and a quick ratio of 1.86. Hudbay Minerals has a fifty-two week low of $2.99 and a fifty-two week high of $7.83. The stock has a market capitalization of $885.71 million, a PE ratio of 9.03 and a beta of 3.05.
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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