The stock of Hudbay Minerals Inc. (NYSE:HBM) last traded at $5.37, up 0.56% from the previous session.
Data from the available sources indicates that Hudbay Minerals Inc. (NYSE:HBM) is covered by 16 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $8.90 and a low of $4.37, we find $6.67. Given the previous closing price of $5.34, this indicates a potential upside of 24.91 percent. HBM stock price is now 15.47% away from the 50-day moving average and 1.19% away from the 200-day moving average. The market capitalization of the company currently stands at $1.88B.
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In total, 3 analysts have assigned it a hold rating, and 11 have given it a buy rating. Brokers who have rated the stock have averaged $6.54 as their price target over the next twelve months.
, while ‘National Bank Financial’ rates the stock as ‘Sector Perform’.
A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HBM stock. A new stake in Hudbay Minerals Inc. shares was purchased by EDGEPOINT INVESTMENT GROUP INC. during the first quarter worth $41,969,000. POLAR ASSET MANAGEMENT PARTNERS INC. invested $1,074,000 in shares of HBM during the first quarter. In the first quarter, QUADRATURE CAPITAL LTD acquired a new stake in Hudbay Minerals Inc. valued at approximately $601,000. BOULDER HILL CAPITAL MANAGEMENT LP acquired a new stake in HBM for approximately $477,000. MAVERICK CAPITAL LTD purchased a new stake in HBM valued at around $463,000 in the second quarter. In total, there are 236 active investors with 67.60% ownership of the company’s stock.
During the past 12 months, Hudbay Minerals Inc. has had a low of $3.08 and a high of $8.75. As of last week, the company has a debt-to-equity ratio of 0.80, a current ratio of 1.20, and a quick ratio of 0.90. The fifty day moving average price for HBM is $4.68 and a two-hundred day moving average price translates $5.30 for the stock.
The latest earnings results from Hudbay Minerals Inc. (NYSE: HBM) was released for Jun, 2022. According to the Copper Company, earnings per share came in at $0.12, inline with analysts’ expectations of $0.12. This compares to -$0.65 EPS in the same period last year. The net profit margin was 4.90% and return on equity was 5.00% for HBM. The company reported revenue of $346.17 million for the quarter, compared to $358.96 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.56 percent. For the current quarter, analysts expect HBM to generate $284.54M in revenue.
In terms of dividend payout ratio, HBM is presently at 4.00%.
Hudbay Minerals Inc.(HBM) Company Profile
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. The company owns three polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru; and copper projects in Arizona and Nevada, the United States. HudBay Minerals Inc. was founded in 1927 and is headquartered in Toronto, Canada.
