HudBay Minerals (NYSE:HBM) Announces Earnings Results

HudBay Minerals (NYSE:HBM) (TSE:HBM) announced its quarterly earnings data on Thursday. The mining company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01), Zacks reports. HudBay Minerals had a return on equity of 9.47% and a net margin of 27.48%.

HudBay Minerals Stock Performance

HudBay Minerals stock traded up $0.06 during midday trading on Thursday, reaching $22.00. 3,185,355 shares of the stock traded hands, compared to its average volume of 5,377,447. HudBay Minerals has a fifty-two week low of $14.34 and a fifty-two week high of $32.15. The firm has a market cap of $9.77 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 0.40 and a beta of 1.62. The firm has a fifty day moving average price of $24.99 and a two-hundred day moving average price of $24.77. The company has a current ratio of 2.24, a quick ratio of 1.93 and a debt-to-equity ratio of 0.17.

Analyst Ratings Changes

HBM has been the subject of several research reports. Wall Street Zen lowered shares of HudBay Minerals from a “buy” rating to a “hold” rating in a research report on Sunday, October 25th. Weiss Ratings upgraded HudBay Minerals from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Citigroup reissued a “positive” rating on shares of HudBay Minerals in a research report on Wednesday, July 15th. Scotiabank reaffirmed an “outperform” rating on shares of HudBay Minerals in a research report on Thursday, July 30th. Finally, Barclays reissued an “overweight” rating on shares of HudBay Minerals in a research report on Tuesday, October 6th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, HudBay Minerals currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.33.

About HudBay Minerals

Hudbay Minerals, now known as Hudbay Inc., is a mining company focused on the discovery, development and operation of copper and other metal deposits. Its products include copper, zinc, gold, silver and molybdenum. The company operates the Constancia mine in Peru and mining and processing assets in Manitoba, Canada, including the Lalor mine. In British Columbia, Hudbay operates the Copper Mountain mine. It also advances copper exploration and development projects in the United States, including projects in Arizona.