Analysts expect that Hudbay Minerals Inc (NYSE:HBM) (TSE:HBM) will post earnings per share of $0.05 for the current fiscal quarter, Zacks reports. Sixteen analysts have provided estimates for Hudbay Minerals’ earnings, with the highest EPS estimate coming in at $0.14 and the lowest estimate coming in at $0.00. Hudbay Minerals reported earnings of $0.09 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 44.4%. The firm is scheduled to issue its next earnings results on Tuesday, July 30th.
According to Zacks, analysts expect that Hudbay Minerals will report full year earnings of $0.21 per share for the current year, with EPS estimates ranging from $0.03 to $0.52. For the next fiscal year, analysts forecast that the firm will report earnings of $0.34 per share, with EPS estimates ranging from ($0.08) to $1.11. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Hudbay Minerals.
Hudbay Minerals (NYSE:HBM) (TSE:HBM) last posted its quarterly earnings data on Monday, May 6th. The mining company reported $0.03 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.02. The company had revenue of $292.30 million for the quarter, compared to analyst estimates of $314.70 million. Hudbay Minerals had a return on equity of 3.07% and a net margin of 2.22%. The firm’s quarterly revenue was down 24.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.16 earnings per share.
Several equities analysts have issued reports on the company. ValuEngine lowered Hudbay Minerals from a “hold” rating to a “sell” rating in a research note on Monday, May 13th. Credit Suisse Group raised Hudbay Minerals from a “neutral” rating to an “outperform” rating in a research note on Monday, March 11th. Canaccord Genuity lowered Hudbay Minerals from a “buy” rating to a “hold” rating in a research note on Wednesday, February 20th. Raymond James lowered Hudbay Minerals from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 21st. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Hudbay Minerals in a research note on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. Hudbay Minerals has a consensus rating of “Hold” and an average price target of $8.05.
Shares of Hudbay Minerals stock traded up $0.16 during midday trading on Tuesday, reaching $5.27. The company had a trading volume of 877,902 shares, compared to its average volume of 892,079. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.64 and a quick ratio of 2.14. The firm has a market cap of $1.30 billion, a P/E ratio of 13.59, a P/E/G ratio of 4.54 and a beta of 2.90. Hudbay Minerals has a fifty-two week low of $3.44 and a fifty-two week high of $7.83.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. New York State Common Retirement Fund bought a new stake in shares of Hudbay Minerals during the fourth quarter valued at approximately $33,000. Wells Fargo & Company MN increased its holdings in shares of Hudbay Minerals by 357.4% during the first quarter. Wells Fargo & Company MN now owns 8,562 shares of the mining company’s stock valued at $61,000 after acquiring an additional 6,690 shares in the last quarter. Bayesian Capital Management LP bought a new stake in shares of Hudbay Minerals during the first quarter valued at approximately $79,000. Trexquant Investment LP bought a new stake in shares of Hudbay Minerals during the first quarter valued at approximately $84,000. Finally, National Asset Management Inc. bought a new stake in shares of Hudbay Minerals during the fourth quarter valued at approximately $60,000. Hedge funds and other institutional investors own 64.84% of the company’s stock.
Hudbay Minerals Company Profile
Hudbay Minerals Inc, an integrated 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; and zinc metal. 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.
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