Stocks of Hudbay Minerals Inc. (NYSE:HBM) traded higher last session on Wall Street, down -2.00% to $5.39.
According to the data, Hudbay Minerals Inc. (NYSE:HBM) has 16 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $8.56 and a low of $6.14, we find $7.44. Given the previous closing price of $5.50, this indicates a potential upside of 35.27 percent. HBM stock price is now 6.07% away from the 50-day moving average and 5.56% away from the 200-day moving average. The market capitalization of the company currently stands at $2.82B.
A total of 2 analysts have issued a hold rating and 11 have given it a buy rating. Brokers who have rated the stock have averaged $7.47 as their price target over the next twelve months.
A total of 0.07% 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 ETF MANAGERS GROUP, LLC during the first quarter worth $13,544,000. CEREDEX VALUE ADVISORS LLC invested $11,476,000 in shares of HBM during the first quarter. In the first quarter, WOODSON CAPITAL MANAGEMENT, LP acquired a new stake in Hudbay Minerals Inc. valued at approximately $10,074,000. ALPINE ASSOCIATES MANAGEMENT INC. acquired a new stake in HBM for approximately $9,506,000. VERITION FUND MANAGEMENT LLC purchased a new stake in HBM valued at around $8,808,000 in the second quarter. In total, there are 259 active investors with 67.60% ownership of the company’s stock.
During the past 12 months, Hudbay Minerals Inc. has had a low of $3.62 and a high of $6.34. As of last week, the company has a debt-to-equity ratio of 0.81, a current ratio of 1.20, and a quick ratio of 0.80. The fifty day moving average price for HBM is $5.10 and a two-hundred day moving average price translates $5.11 for the stock.
The latest earnings results from Hudbay Minerals Inc. (NYSE: HBM) was released for Jun, 2023. According to the Copper Company, earnings per share came in at -$0.07, missing analysts’ expectations of $0.05 by -0.12. This compares to $0.12 EPS in the same period last year. The net profit margin was 0.90% and return on equity was 0.80% for HBM. The company reported revenue of $312.17 million for the quarter, compared to $415.45 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -24.86 percent. For the current quarter, analysts expect HBM to generate $519.4M in revenue.
In terms of dividend payout ratio, HBM is presently at 24.70%.
Hudbay Minerals Inc.(HBM) Company Profile
Hudbay Minerals Inc., a diversified mining company, together with its subsidiaries, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing copper, gold, and silver; zinc concentrates; zinc metal; and gold and silver doré and molybdenum concentrates. The company’s flagship project is the 100% owned Constancia mine located in the Province of Chumbivilcas in southern Peru. It also holds 100% interest in the Lalor mine located near Snow Lake, Manitoba; the Copper World project located in Pima County, Arizona; and the Llaguen Project comprising 12 mining concessions covering an area of 8,900 hectares located in Trujillo, Peru. In addition, the company holds interests in Mason project located in Yerington District, Nevada, as well as operations in the mineral reserves and resources in Snow Lake regional deposits. Hudbay Minerals Inc. was and is headquartered in Toronto, Canada.
