Hudbay Minerals Inc. (NYSE:HBM – Get Rating) (TSE:HBM)’s stock price reached a new 52-week low on Wednesday . The company traded as low as $3.72 and last traded at $3.83, with a volume of 1476741 shares traded. The stock had previously closed at $4.15.
A number of analysts recently weighed in on the company. National Bank Financial dropped their target price on Hudbay Minerals from C$12.50 to C$11.50 in a research report on Wednesday, May 11th. Scotiabank dropped their target price on Hudbay Minerals from C$12.50 to C$12.00 in a research report on Wednesday, May 11th. Canaccord Genuity Group dropped their target price on Hudbay Minerals from C$12.50 to C$11.50 in a research report on Wednesday, May 11th. Royal Bank of Canada lowered their price objective on Hudbay Minerals from C$14.00 to C$12.00 in a research report on Wednesday, May 11th. Finally, Raymond James boosted their price objective on Hudbay Minerals from C$13.00 to C$14.00 in a research report on Wednesday, April 20th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Hudbay Minerals currently has an average rating of “Moderate Buy” and an average price target of $13.25.
The company has a quick ratio of 0.92, a current ratio of 1.35 and a debt-to-equity ratio of 0.79. The company has a market cap of $1.00 billion, a P/E ratio of -8.33, a P/E/G ratio of 0.25 and a beta of 2.15. The business has a fifty day moving average of $5.37 and a 200 day moving average of $6.82.
Hudbay Minerals (NYSE:HBM – Get Rating) (TSE:HBM) last announced its earnings results on Monday, May 9th. The mining company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.07). The business had revenue of $378.62 million for the quarter, compared to the consensus estimate of $402.00 million. Hudbay Minerals had a negative net margin of 7.69% and a positive return on equity of 5.27%. On average, sell-side analysts anticipate that Hudbay Minerals Inc. will post 0.62 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the stock. Signaturefd LLC raised its holdings in shares of Hudbay Minerals by 111.3% during the fourth quarter. Signaturefd LLC now owns 5,279 shares of the mining company’s stock valued at $38,000 after acquiring an additional 2,781 shares in the last quarter. Quadrant Capital Group LLC grew its stake in Hudbay Minerals by 122.9% in the fourth quarter. Quadrant Capital Group LLC now owns 6,183 shares of the mining company’s stock worth $45,000 after purchasing an additional 3,409 shares during the period. US Bancorp DE grew its stake in Hudbay Minerals by 122.4% in the first 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 during the period. CastleKnight Management LP purchased a new stake in Hudbay Minerals in the fourth quarter worth $85,000. Finally, Keebeck Alpha LP purchased a new stake in Hudbay Minerals in the first quarter worth $104,000. Institutional investors own 67.11% of the company’s stock.
About Hudbay Minerals (NYSE:HBM)
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.
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