Hudbay Minerals (NYSE:HBM – Get Rating) (TSE:HBM) will be issuing its quarterly earnings data after the market closes on Thursday, February 23rd. Analysts expect the company to announce earnings of $0.07 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.
Hudbay Minerals Stock Down 2.1 %
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HBM stock opened at $5.10 on Thursday. The business’s 50 day simple moving average is $5.47 and its 200 day simple moving average is $4.82. The firm has a market capitalization of $1.34 billion, a PE ratio of 17.59, a PEG ratio of 0.58 and a beta of 1.94. Hudbay Minerals has a 1-year low of $3.08 and a 1-year high of $8.75. The company has a current ratio of 1.24, a quick ratio of 0.92 and a debt-to-equity ratio of 0.78.
Hedge Funds Weigh In On Hudbay Minerals
Large investors have recently made changes to their positions in the stock. Raymond James & Associates bought a new stake in Hudbay Minerals during the first quarter worth about $131,000. Bank of New York Mellon Corp increased its holdings in Hudbay Minerals by 24.0% during the 1st quarter. Bank of New York Mellon Corp now owns 75,817 shares of the mining company’s stock valued at $595,000 after purchasing an additional 14,683 shares during the period. US Bancorp DE increased its holdings in Hudbay Minerals by 122.4% during the 1st quarter. US Bancorp DE now owns 7,899 shares of the mining company’s stock valued at $62,000 after purchasing an additional 4,347 shares during the period. HighTower Advisors LLC purchased a new position in Hudbay Minerals during the 1st quarter valued at about $442,000. Finally, BlackRock Inc. increased its holdings in Hudbay Minerals by 81.5% during the 1st quarter. BlackRock Inc. now owns 95,254 shares of the mining company’s stock valued at $748,000 after purchasing an additional 42,769 shares during the period. 80.19% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on HBM shares. Credit Suisse Group upped their target price on Hudbay Minerals from C$8.50 to C$9.00 in a research report on Thursday, February 2nd. StockNews.com cut Hudbay Minerals from a “buy” rating to a “hold” rating in a report on Friday, January 13th. TheStreet raised Hudbay Minerals from a “d” rating to a “c” rating in a research note on Friday, November 11th. Scotiabank decreased their price target on Hudbay Minerals from C$11.00 to C$10.00 in a research note on Tuesday, February 7th. Finally, National Bank Financial upped their target price on Hudbay Minerals from C$8.50 to C$8.75 in a research report on Monday. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $10.47.
About Hudbay Minerals
Hudbay Minerals, Inc operates as a mining company. The firm engages in the production of copper concentrate, molybdenum concentrate and zinc metal. It focuses on the discovery, production and marketing of base and precious metals. The company was founded on January 16, 1996 and is headquartered in Toronto, Canada.
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