Hudbay Minerals (NYSE:HBM) Upgraded at ValuEngine

ValuEngine upgraded shares of Hudbay Minerals (NYSE:HBM) (TSE:HBM) from a sell rating to a hold rating in a report released on Wednesday, ValuEngine reports.

HBM has been the topic of several other reports. BMO Capital Markets reaffirmed a buy rating on shares of Hudbay Minerals in a research report on Tuesday, February 19th. Canaccord Genuity downgraded Hudbay Minerals from a buy rating to a hold rating in a research report on Wednesday, February 20th. Credit Suisse Group raised Hudbay Minerals from a neutral rating to an outperform rating in a research report on Monday, March 11th. Raymond James reaffirmed an average rating and issued a $10.50 price target on shares of Hudbay Minerals in a research report on Thursday, April 18th. Finally, TheStreet downgraded Hudbay Minerals from a c rating to a d+ rating in a research report on Wednesday, May 29th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $8.05.

Shares of HBM stock opened at $5.22 on Wednesday. The company has a current ratio of 2.64, a quick ratio of 2.14 and a debt-to-equity ratio of 0.48. Hudbay Minerals has a twelve month low of $3.44 and a twelve month high of $7.83. The company has a market capitalization of $1.38 billion, a P/E ratio of 20.27, a P/E/G ratio of 4.57 and a beta of 2.90.



Hudbay Minerals (NYSE:HBM) (TSE:HBM) last issued its quarterly earnings results on Monday, May 6th. The mining company reported $0.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.02. The company had revenue of $292.30 million for the quarter, compared to the consensus estimate of $314.70 million. Hudbay Minerals had a return on equity of 3.07% and a net margin of 2.22%. The company’s revenue for the quarter was down 24.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.16 EPS. On average, research analysts forecast that Hudbay Minerals will post 0.21 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of HBM. New York State Common Retirement Fund acquired a new stake in shares of Hudbay Minerals during the 4th quarter worth approximately $33,000. National Asset Management Inc. acquired a new stake in shares of Hudbay Minerals during the 4th quarter worth approximately $60,000. Ramsey Quantitative Systems acquired a new stake in shares of Hudbay Minerals during the 4th quarter worth approximately $60,000. Wells Fargo & Company MN grew its holdings in shares of Hudbay Minerals by 357.4% during the 1st quarter. Wells Fargo & Company MN now owns 8,562 shares of the mining company’s stock worth $61,000 after purchasing an additional 6,690 shares in the last quarter. Finally, Bayesian Capital Management LP acquired a new stake in shares of Hudbay Minerals during the 1st quarter worth approximately $79,000. 64.84% of the stock is currently owned by institutional investors.

Hudbay Minerals Company Profile

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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Analyst Recommendations for Hudbay Minerals (NYSE:HBM)

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