Hudbay Minerals (NYSE:HBM) Trading Down 9.9%

Hudbay Minerals Inc. (NYSE:HBMGet Rating) (TSE:HBM)’s share price traded down 9.9% on Friday . The company traded as low as $3.72 and last traded at $3.72. 76,344 shares were traded during mid-day trading, a decline of 92% from the average session volume of 1,000,780 shares. The stock had previously closed at $4.13.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. TheStreet downgraded shares of Hudbay Minerals from a “c-” rating to a “d” rating in a report on Friday, August 19th. BMO Capital Markets reduced their price target on shares of Hudbay Minerals from C$13.00 to C$12.50 in a report on Tuesday, August 9th. Raymond James increased their price target on shares of Hudbay Minerals from C$8.00 to C$9.00 in a report on Wednesday, August 24th. Scotiabank reduced their price target on shares of Hudbay Minerals from C$10.00 to C$7.50 in a report on Thursday, July 7th. Finally, Credit Suisse Group reduced their price target on shares of Hudbay Minerals from C$7.50 to C$7.00 in a report on Thursday, September 8th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Hudbay Minerals currently has an average rating of “Moderate Buy” and an average price target of $10.28.

Hudbay Minerals Trading Down 8.2 %

The company has a market cap of $992.56 million, a price-to-earnings ratio of -11.39, a PEG ratio of 0.67 and a beta of 1.92. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.97 and a current ratio of 1.41. The business’s 50 day moving average price is $4.08 and its 200-day moving average price is $5.42.

Hudbay Minerals Announces Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 2nd will be given a dividend of $0.008 per share. This represents a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, September 1st. Hudbay Minerals’s dividend payout ratio (DPR) is currently -6.06%.

Institutional Investors Weigh In On Hudbay Minerals

Hedge funds have recently made changes to their positions in the company. Grayhawk Investment Strategies Inc. acquired a new stake in shares of Hudbay Minerals during the 2nd quarter worth about $31,000. Meridian Wealth Management LLC acquired a new stake in shares of Hudbay Minerals during the 2nd quarter worth about $49,000. US Bancorp DE increased its position in shares of Hudbay Minerals by 122.4% during the 1st quarter. US Bancorp DE now owns 7,899 shares of the mining company’s stock worth $62,000 after purchasing an additional 4,347 shares in the last quarter. ClariVest Asset Management LLC acquired a new stake in shares of Hudbay Minerals during the 2nd quarter worth about $67,000. Finally, Creative Planning increased its position in shares of Hudbay Minerals by 64.1% during the 2nd quarter. Creative Planning now owns 16,409 shares of the mining company’s stock worth $67,000 after purchasing an additional 6,409 shares in the last quarter. Institutional investors and hedge funds own 66.69% of the company’s stock.

Hudbay Minerals Company Profile

(Get Rating)

Hudbay Minerals Inc, a diversified 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; silver/gold doré; molybdenum concentrates; and zinc metals.

Featured Articles

Receive News & Ratings for Hudbay Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudbay Minerals and related companies with MarketBeat.com's FREE daily email newsletter.