Analysts Set Hudbay Minerals Inc. (NYSE:HBM) PT at $11.17

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) has earned an average recommendation of “Buy” from the six research firms that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $11.17.

Separately, StockNews.com upgraded shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a report on Friday.

Hudbay Minerals Price Performance

HBM stock opened at $9.59 on Friday. The company’s 50-day moving average price is $8.60 and its two-hundred day moving average price is $8.49. Hudbay Minerals has a 12 month low of $4.94 and a 12 month high of $10.49. The company has a quick ratio of 1.47, a current ratio of 1.86 and a debt-to-equity ratio of 0.44. The firm has a market cap of $3.79 billion, a P/E ratio of 41.68 and a beta of 1.74.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last posted its earnings results on Wednesday, November 13th. The mining company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.09. The firm had revenue of $485.80 million during the quarter, compared to analysts’ expectations of $454.47 million. Hudbay Minerals had a net margin of 4.23% and a return on equity of 7.44%. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.07 earnings per share. On average, analysts anticipate that Hudbay Minerals will post 0.48 earnings per share for the current fiscal year.

Institutional Trading of Hudbay Minerals

Institutional investors have recently modified their holdings of the business. Prospera Private Wealth LLC acquired a new stake in Hudbay Minerals during the 3rd quarter valued at approximately $28,000. Exchange Traded Concepts LLC bought a new stake in shares of Hudbay Minerals in the 3rd quarter valued at $53,000. Clear Harbor Asset Management LLC acquired a new stake in shares of Hudbay Minerals during the third quarter worth $92,000. First Affirmative Financial Network bought a new position in Hudbay Minerals during the third quarter worth $103,000. Finally, Plato Investment Management Ltd acquired a new position in Hudbay Minerals in the fourth quarter valued at $95,000. Institutional investors own 57.82% of the company’s stock.

About Hudbay Minerals

Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.