Hudbay Minerals (TSE:HBM) Issues Earnings Results

Hudbay Minerals (TSE:HBM) (NYSE:HBM) issued its earnings results on Friday. The mining company reported C$0.56 earnings per share (EPS) for the quarter, FiscalAI reports. Hudbay Minerals had a net margin of 25.80% and a return on equity of 19.30%. The company had revenue of C$1.05 billion during the quarter.

Hudbay Minerals Stock Performance

Shares of HBM stock traded down C$0.40 during trading on Friday, reaching C$31.02. The company had a trading volume of 1,535,401 shares, compared to its average volume of 2,120,079. The firm’s 50 day simple moving average is C$31.61 and its two-hundred day simple moving average is C$28.78. Hudbay Minerals has a one year low of C$10.11 and a one year high of C$38.94. The company has a debt-to-equity ratio of 33.86, a current ratio of 0.95 and a quick ratio of 0.85. The company has a market capitalization of C$12.32 billion, a PE ratio of 21.54, a PEG ratio of 3.97 and a beta of 2.28.

Hudbay Minerals Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 27th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a dividend yield of 3.0%. Hudbay Minerals’s dividend payout ratio is currently 0.99%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. UBS Group set a C$34.50 price objective on Hudbay Minerals and gave the stock a “buy” rating in a report on Friday, January 9th. Canadian Imperial Bank of Commerce upped their target price on Hudbay Minerals from C$42.00 to C$46.00 in a research report on Tuesday, April 21st. Scotiabank cut their price target on Hudbay Minerals from C$37.00 to C$35.50 and set an “outperform” rating for the company in a research note on Monday, February 23rd. Stifel Nicolaus boosted their price target on Hudbay Minerals from C$28.00 to C$41.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Finally, Citigroup increased their price objective on Hudbay Minerals from C$23.00 to C$32.50 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hudbay Minerals has a consensus rating of “Buy” and an average target price of C$39.17.

Insider Buying and Selling

In other news, insider Eugene Chi-Yen Lei purchased 1,000 shares of the company’s stock in a transaction dated Friday, March 27th. The shares were bought at an average price of C$26.85 per share, with a total value of C$26,850.00. Following the completion of the transaction, the insider directly owned 195,847 shares in the company, valued at C$5,258,491.95. This trade represents a 0.51% increase in their position. 0.07% of the stock is currently owned by company insiders.

Hudbay Minerals Company Profile

Hudbay (TSX, NYSE: HBM) is a copper-focused critical minerals mining company with three long-life operations and a world-class pipeline of copper growth projects in tier-one mining jurisdictions of Canada, Peru and the United States. Hudbay’s operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the Company, which is complemented by meaningful gold production and by-product zinc, silver and molybdenum.