Hudbay Minerals Inc (NYSE:HBM) (TSE:HBM) – Investment analysts at Cormark increased their Q1 2019 earnings estimates for shares of Hudbay Minerals in a research report issued to clients and investors on Monday, March 11th. Cormark analyst S. Ioannou now expects that the mining company will post earnings of $0.06 per share for the quarter, up from their previous estimate of $0.05. Cormark also issued estimates for Hudbay Minerals’ Q2 2019 earnings at $0.06 EPS, Q3 2019 earnings at $0.06 EPS, Q4 2019 earnings at $0.06 EPS, FY2019 earnings at $0.24 EPS and FY2020 earnings at $0.30 EPS.
Hudbay Minerals (NYSE:HBM) (TSE:HBM) last posted its earnings results on Tuesday, February 19th. The mining company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. The business had revenue of $351.77 million for the quarter, compared to the consensus estimate of $306.75 million. Hudbay Minerals had a net margin of 5.80% and a return on equity of 4.73%. The company’s revenue for the quarter was down 17.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 EPS.
NYSE HBM opened at $6.88 on Thursday. The company has a current ratio of 2.36, a quick ratio of 2.00 and a debt-to-equity ratio of 0.47. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 17.64, a price-to-earnings-growth ratio of 7.19 and a beta of 2.90. Hudbay Minerals has a one year low of $3.44 and a one year high of $7.95.
The company also recently declared a Semi-Annual dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 8th will be issued a $0.008 dividend. This represents a dividend yield of 0.24%. The ex-dividend date is Thursday, March 7th. Hudbay Minerals’s dividend payout ratio is currently 5.13%.
Large investors have recently added to or reduced their stakes in the company. New York State Common Retirement Fund bought a new stake in shares of Hudbay Minerals in the 4th quarter valued at about $33,000. National Asset Management Inc. bought a new stake in shares of Hudbay Minerals in the 4th quarter valued at about $60,000. Ramsey Quantitative Systems bought a new stake in shares of Hudbay Minerals in the 4th quarter valued at about $60,000. Gotham Asset Management LLC bought a new stake in shares of Hudbay Minerals in the 4th quarter valued at about $86,000. Finally, Two Sigma Investments LP acquired a new stake in Hudbay Minerals in the 4th quarter worth approximately $126,000. Institutional investors and hedge funds own 63.82% of the company’s stock.
About Hudbay Minerals
Hudbay Minerals Inc, an integrated mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; and zinc metal. The company owns three polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru; and copper projects in Arizona and Nevada, the United States.
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