Hudbay Minerals (HBM) Stock Rating Reaffirmed by BMO Capital Markets

Hudbay Minerals (NYSE:HBM) (TSE:HBM)‘s stock had its “buy” rating reissued by investment analysts at BMO Capital Markets in a research note issued on Tuesday.

Other analysts have also issued reports about the company. Canaccord Genuity lowered Hudbay Minerals from a “buy” rating to a “hold” rating in a report on Wednesday. Raymond James reiterated a “buy” rating on shares of Hudbay Minerals in a report on Friday, November 2nd. ValuEngine upgraded Hudbay Minerals from a “sell” rating to a “hold” rating in a report on Tuesday, January 22nd. Zacks Investment Research lowered Hudbay Minerals from a “buy” rating to a “hold” rating in a report on Tuesday, January 15th. Finally, CIBC restated a “neutral” rating on shares of Hudbay Minerals in a report on Sunday, January 20th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $6.92.

Shares of NYSE:HBM opened at $6.59 on Tuesday. The company has a quick ratio of 1.98, a current ratio of 2.44 and a debt-to-equity ratio of 0.47. Hudbay Minerals has a 1 year low of $3.44 and a 1 year high of $8.85. The firm has a market cap of $1.66 billion, a P/E ratio of 11.56 and a beta of 2.83.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last announced its quarterly earnings data on Tuesday, February 19th. The mining company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.04. Hudbay Minerals had a return on equity of 7.26% and a net margin of 12.29%. The business had revenue of $351.77 million during the quarter, compared to analyst estimates of $306.75 million. During the same period last year, the company earned $0.38 earnings per share. Hudbay Minerals’s quarterly revenue was down 17.1% compared to the same quarter last year. Analysts anticipate that Hudbay Minerals will post 0.33 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. New York State Common Retirement Fund bought a new position in Hudbay Minerals during the fourth quarter valued at about $33,000. National Asset Management Inc. bought a new position in Hudbay Minerals during the fourth quarter valued at about $60,000. Ramsey Quantitative Systems bought a new position in Hudbay Minerals during the fourth quarter valued at about $60,000. Gotham Asset Management LLC bought a new position in Hudbay Minerals during the fourth quarter valued at about $86,000. Finally, Two Sigma Investments LP bought a new position in Hudbay Minerals during the fourth quarter valued at about $126,000. Institutional investors own 53.28% 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 four polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru; and a copper project in Arizona, the United States.

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Analyst Recommendations for Hudbay Minerals (NYSE:HBM)

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