Brokerages Set Hudbay Minerals Inc (HBM) Target Price at $11.38

Hudbay Minerals Inc (NYSE:HBM) (TSE:HBM) has been given a consensus rating of “Hold” by the ten analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $11.38.

Several research firms recently weighed in on HBM. Zacks Investment Research upgraded Hudbay Minerals from a “sell” rating to a “hold” rating in a report on Tuesday, January 30th. National Bank Financial lowered Hudbay Minerals from an “outperform” rating to a “sector perform” rating in a research note on Thursday, January 18th. ValuEngine upgraded Hudbay Minerals from a “hold” rating to a “buy” rating in a research note on Friday, January 26th. Finally, Canaccord Genuity lowered Hudbay Minerals from a “buy” rating to a “hold” rating in a research note on Monday, January 8th.

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A number of hedge funds have recently added to or reduced their stakes in the business. AMP Capital Investors Ltd bought a new position in shares of Hudbay Minerals during the 4th quarter worth $141,000. Addenda Capital Inc. bought a new position in shares of Hudbay Minerals during the 4th quarter worth $172,000. BlackRock Inc. grew its position in shares of Hudbay Minerals by 44.3% during the 4th quarter. BlackRock Inc. now owns 21,352 shares of the mining company’s stock worth $188,000 after buying an additional 6,554 shares in the last quarter. Paloma Partners Management Co bought a new position in shares of Hudbay Minerals during the 4th quarter worth $204,000. Finally, LPL Financial LLC bought a new position in shares of Hudbay Minerals during the 4th quarter worth $243,000. Institutional investors and hedge funds own 68.64% of the company’s stock.

HBM stock traded down $0.40 during trading hours on Wednesday, reaching $7.15. The company had a trading volume of 728,808 shares, compared to its average volume of 597,285. Hudbay Minerals has a one year low of $4.60 and a one year high of $10.25. The stock has a market cap of $1,972.60, a price-to-earnings ratio of 11.00 and a beta of 2.96. The company has a quick ratio of 1.47, a current ratio of 1.87 and a debt-to-equity ratio of 0.49.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last released its quarterly earnings results on Wednesday, February 21st. The mining company reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.01). Hudbay Minerals had a net margin of 12.03% and a return on equity of 7.13%. The company had revenue of $414.14 million for the quarter, compared to analysts’ expectations of $414.00 million. analysts anticipate that Hudbay Minerals will post 0.79 earnings per share for the current fiscal year.

The firm also recently announced a Semi-Annual dividend, which will be paid on Thursday, March 29th. Shareholders of record on Friday, March 9th will be paid a $0.008 dividend. The ex-dividend date is Thursday, March 8th. This represents a yield of 0.2%. Hudbay Minerals’s payout ratio is 3.08%.

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Hudbay Minerals Company Profile

Hudbay Minerals Inc is a Canada-based mining company. The Company is engaged in the production of copper concentrate, consisting of copper, gold and silver, as well as zinc metal. The Company is focused on the discovery, production and marketing of base and precious metals. The Company has assets in North and South America.

Analyst Recommendations for Hudbay Minerals (NYSE:HBM)

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