Hudbay Minerals (HBM) – Analysts’ Recent Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Hudbay Minerals (NYSE: HBM) in the last few weeks:

  • 4/11/2018 – Hudbay Minerals was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 4/3/2018 – Hudbay Minerals was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 4/2/2018 – Hudbay Minerals was upgraded by analysts at Canaccord Genuity from a “hold” rating to a “buy” rating.
  • 3/27/2018 – Hudbay Minerals was upgraded by analysts at Macquarie from a “neutral” rating to an “outperform” rating.

HBM stock traded up $0.10 during midday trading on Friday, reaching $7.20. 427,564 shares of the stock were exchanged, compared to its average volume of 807,307. The firm has a market capitalization of $1,907.28, a P/E ratio of 12.63 and a beta of 2.98. Hudbay Minerals Inc has a 52 week low of $4.60 and a 52 week high of $10.25. 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 issued its quarterly earnings data on Wednesday, February 21st. The mining company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The firm had revenue of $414.14 million for the quarter, compared to the consensus estimate of $414.00 million. Hudbay Minerals had a return on equity of 7.13% and a net margin of 12.03%. equities research analysts expect that Hudbay Minerals Inc will post 0.73 EPS for the current fiscal year.



The company also recently disclosed a Semi-Annual dividend, which was paid on Thursday, March 29th. Investors of record on Friday, March 9th were given a dividend of $0.008 per share. The ex-dividend date of this dividend was Thursday, March 8th. This represents a yield of 0.2%. Hudbay Minerals’s dividend payout ratio is currently 3.51%.

A number of hedge funds have recently modified their holdings of the stock. ICM Asset Management Inc. WA grew its position in shares of Hudbay Minerals by 64.4% in the 4th quarter. ICM Asset Management Inc. WA now owns 388,670 shares of the mining company’s stock valued at $3,420,000 after buying an additional 152,295 shares during the last quarter. LPL Financial LLC bought a new stake in shares of Hudbay Minerals in the 4th quarter valued at about $243,000. Millennium Management LLC grew its position in shares of Hudbay Minerals by 98.3% in the 4th quarter. Millennium Management LLC now owns 1,271,829 shares of the mining company’s stock valued at $11,192,000 after buying an additional 630,305 shares during the last quarter. Paloma Partners Management Co bought a new stake in shares of Hudbay Minerals in the 4th quarter valued at about $204,000. Finally, Two Sigma Investments LP grew its position in shares of Hudbay Minerals by 144.7% in the 4th quarter. Two Sigma Investments LP now owns 1,616,724 shares of the mining company’s stock valued at $14,320,000 after buying an additional 956,148 shares during the last quarter. Institutional investors and hedge funds own 68.63% of the company’s stock.

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.

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