Hudbay Minerals (TSE:HBM) Releases Earnings Results

Hudbay Minerals (TSE:HBM) (NYSE:HBM) announced its quarterly earnings results on Thursday. The mining company reported C$0.48 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$1.09 billion for the quarter. Hudbay Minerals had a net margin of 27.22% and a return on equity of 18.41%.

Hudbay Minerals Stock Up 0.0%

Shares of HBM traded up C$0.01 during midday trading on Thursday, hitting C$31.25. The stock had a trading volume of 1,368,525 shares, compared to its average volume of 2,170,720. The firm has a market cap of C$13.88 billion, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of 3.97 and a beta of 2.22. The company has a 50 day simple moving average of C$35.16 and a two-hundred day simple moving average of C$34.43. Hudbay Minerals has a twelve month low of C$20.26 and a twelve month high of C$44.48. The company has a debt-to-equity ratio of 19.04, a current ratio of 2.24 and a quick ratio of 0.85.

Hudbay Minerals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 25th were paid a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $0.04 annualized dividend and a dividend yield of 0.1%. Hudbay Minerals’s dividend payout ratio (DPR) is currently 1.32%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Raymond James Financial dropped their price objective on Hudbay Minerals from C$43.00 to C$42.00 and set an “outperform” rating on the stock in a research note on Thursday, October 22nd. Royal Bank Of Canada boosted their target price on Hudbay Minerals from C$40.00 to C$48.00 in a research note on Wednesday, September 16th. ATB Cormark Capital Markets increased their price target on Hudbay Minerals from C$35.00 to C$40.00 and gave the stock an “outperform” rating in a report on Friday, October 9th. BMO Capital Markets dropped their price target on Hudbay Minerals from C$46.00 to C$44.00 and set an “outperform” rating on the stock in a research report on Thursday, July 30th. Finally, TD lifted their price objective on Hudbay Minerals from C$43.00 to C$44.00 and gave the company a “buy” rating in a report on Thursday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$42.58.

About Hudbay Minerals

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.