Investment Analysts’ Recent Ratings Changes for Hudbay Minerals (HBM)

A number of firms have modified their ratings and price targets on shares of Hudbay Minerals (NYSE: HBM) recently:

  • 10/12/2021 – Hudbay Minerals was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “HudBay Minerals Inc. is a mining company and engages in discovery, production and marketing of base metals in North and Central America. It owns zinc and copper mines, concentrators and metal production facilities in northern Manitoba and Saskatchewan, zinc oxide production facility in Ontario, copper refinery in Michigan and nickel project in Guatemala. In addition to its primary products, zinc and copper, HudBay also produces gold, silver and zinc oxide. HudBay Minerals Inc. is headquartered in Toronto, Canada. “
  • 10/12/2021 – Hudbay Minerals had its price target lowered by analysts at Scotiabank from C$12.00 to C$11.50. They now have an “outperform” rating on the stock.
  • 10/1/2021 – Hudbay Minerals was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “HudBay Minerals Inc. is a mining company and engages in discovery, production and marketing of base metals in North and Central America. It owns zinc and copper mines, concentrators and metal production facilities in northern Manitoba and Saskatchewan, zinc oxide production facility in Ontario, copper refinery in Michigan and nickel project in Guatemala. In addition to its primary products, zinc and copper, HudBay also produces gold, silver and zinc oxide. HudBay Minerals Inc. is headquartered in Toronto, Canada. “
  • 9/23/2021 – Hudbay Minerals had its “buy” rating reaffirmed by analysts at Indl Alliance S.
  • 9/21/2021 – Hudbay Minerals was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “HudBay Minerals Inc. is a mining company and engages in discovery, production and marketing of base metals in North and Central America. It owns zinc and copper mines, concentrators and metal production facilities in northern Manitoba and Saskatchewan, zinc oxide production facility in Ontario, copper refinery in Michigan and nickel project in Guatemala. In addition to its primary products, zinc and copper, HudBay also produces gold, silver and zinc oxide. HudBay Minerals Inc. is headquartered in Toronto, Canada. “
  • 9/10/2021 – Hudbay Minerals was upgraded by analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating. They now have a $12.50 price target on the stock, down previously from $14.00.
  • 8/25/2021 – Hudbay Minerals had its price target lowered by analysts at Credit Suisse Group AG from C$13.00 to C$11.50. They now have an “outperform” rating on the stock.

HBM traded up $0.22 on Thursday, hitting $7.22. The company had a trading volume of 61,263 shares, compared to its average volume of 1,517,726. The company’s fifty day moving average price is $6.14 and its 200 day moving average price is $6.87. Hudbay Minerals Inc. has a 1-year low of $4.33 and a 1-year high of $9.60. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.50 and a quick ratio of 1.15. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of -24.07, a price-to-earnings-growth ratio of 1.55 and a beta of 2.40.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last issued its quarterly earnings results on Monday, August 9th. The mining company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.07). The business had revenue of $404.24 million during the quarter, compared to the consensus estimate of $416.66 million. Hudbay Minerals had a negative return on equity of 3.13% and a negative net margin of 5.90%. The business’s quarterly revenue was up 93.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.15) earnings per share. On average, sell-side analysts forecast that Hudbay Minerals Inc. will post 0.18 EPS for the current year.

The company also recently disclosed a semi-annual dividend, which was paid on Friday, September 24th. Stockholders of record on Friday, September 3rd were given a dividend of $0.0079 per share. This represents a dividend yield of 0.2%. The ex-dividend date was Thursday, September 2nd. Hudbay Minerals’s dividend payout ratio is presently -4.35%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. grew its position in Hudbay Minerals by 219.9% in the first quarter. D. E. Shaw & Co. Inc. now owns 687,499 shares of the mining company’s stock valued at $4,707,000 after acquiring an additional 472,563 shares during the period. CIBC World Markets Inc. grew its position in Hudbay Minerals by 48.0% in the second quarter. CIBC World Markets Inc. now owns 441,586 shares of the mining company’s stock valued at $2,941,000 after acquiring an additional 143,272 shares during the period. PDT Partners LLC grew its position in Hudbay Minerals by 178.9% in the first quarter. PDT Partners LLC now owns 42,903 shares of the mining company’s stock valued at $295,000 after acquiring an additional 27,518 shares during the period. BlackRock Inc. acquired a new position in Hudbay Minerals in the first quarter worth $91,000. Finally, Toronto Dominion Bank boosted its stake in Hudbay Minerals by 199.5% in the second quarter. Toronto Dominion Bank now owns 278,584 shares of the mining company’s stock worth $4,911,000 after purchasing an additional 185,553 shares in the last quarter. Institutional investors and hedge funds own 65.50% of the company’s stock.

HudBay Minerals, Inc operates as a mining company. The firm engages in the production of copper concentrate, molybdenum concentrate and zinc metal. It focuses on the discovery, production and marketing of base and precious metals. The company was founded on January 16, 1996 and is headquartered in Toronto, Canada.

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