Hudbay Minerals (TSE:HBM) Issues Earnings Results

Hudbay Minerals (TSE:HBM) (NYSE:HBM) announced its quarterly earnings results on Wednesday. The mining company reported C$0.40 earnings per share (EPS) for the quarter, FiscalAI reports. Hudbay Minerals had a return on equity of 20.70% and a net margin of 27.86%.The company had revenue of C$896.94 million during the quarter.

Hudbay Minerals Stock Up 0.5%

HBM stock opened at C$30.90 on Thursday. The firm has a market cap of C$13.72 billion, a PE ratio of 18.50, a P/E/G ratio of 3.97 and a beta of 2.36. Hudbay Minerals has a 12 month low of C$12.35 and a 12 month high of C$44.48. The company has a debt-to-equity ratio of 30.14, a current ratio of 1.36 and a quick ratio of 0.85. The firm has a 50 day simple moving average of C$34.80 and a 200 day simple moving average of C$33.43.

Hudbay Minerals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 26th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Tuesday, June 9th. Hudbay Minerals’s payout ratio is presently 0.87%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Canadian Imperial Bank of Commerce lifted their price objective on shares of Hudbay Minerals from C$42.00 to C$46.00 in a research note on Tuesday, April 21st. Scotiabank boosted their price target on shares of Hudbay Minerals from C$35.50 to C$44.00 and gave the stock a “sector outperform” rating in a research report on Thursday, June 25th. National Bank Financial reduced their price target on shares of Hudbay Minerals from C$40.00 to C$38.50 and set a “sector perform” rating for the company in a research note on Tuesday, July 14th. Barclays upped their price target on shares of Hudbay Minerals from C$41.00 to C$45.00 in a research note on Thursday, July 16th. Finally, Stifel Nicolaus raised their price objective on shares of Hudbay Minerals from C$41.00 to C$43.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$40.84.

Hudbay Minerals Company Profile

Hudbay (TSX, NYSE: HBM) is a copper-focused critical minerals mining company with three long-life operations and a world-class pipeline of copper growth projects in tier-one mining jurisdictions of Canada, Peru and the United States. Hudbay’s operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the Company, which is complemented by meaningful gold production and by-product zinc, silver and molybdenum.