Hudbay Minerals (TSE:HBM) Releases Earnings Results

Hudbay Minerals (TSE:HBM) (NYSE:HBM) announced its quarterly earnings data on Wednesday. The mining company reported C$0.40 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$896.94 million during the quarter. Hudbay Minerals had a net margin of 27.86% and a return on equity of 20.70%.

Hudbay Minerals Price Performance

HBM traded up C$0.10 during trading hours on Wednesday, hitting C$30.86. The company’s stock had a trading volume of 773,137 shares, compared to its average volume of 2,175,570. The business’s 50-day moving average price is C$34.86 and its 200-day moving average price is C$33.42. Hudbay Minerals has a 12 month low of C$12.35 and a 12 month high of C$44.48. The stock has a market cap of C$13.70 billion, a price-to-earnings ratio of 18.48, a P/E/G ratio of 3.97 and a beta of 2.36. The company has a current ratio of 1.36, a quick ratio of 0.85 and a debt-to-equity ratio of 30.14.

Hudbay Minerals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 26th were issued a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.1%. Hudbay Minerals’s dividend payout ratio (DPR) is 0.87%.

Wall Street Analyst Weigh In

HBM has been the topic of a number of analyst reports. Canaccord Genuity Group lowered their target price on shares of Hudbay Minerals from C$41.00 to C$40.00 in a research note on Monday, May 4th. Barclays boosted their price target on Hudbay Minerals from C$41.00 to C$45.00 in a report on Thursday, July 16th. Stifel Nicolaus increased their price objective on shares of Hudbay Minerals from C$41.00 to C$43.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Scotiabank boosted their target price on shares of Hudbay Minerals from C$35.50 to C$44.00 and gave the stock a “sector outperform” rating in a report on Thursday, June 25th. Finally, Canadian Imperial Bank of Commerce upped their target price on shares of Hudbay Minerals from C$42.00 to C$46.00 in a research report on Tuesday, April 21st. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$40.84.

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.