Hudbay Minerals (NYSE:HBM) Posts Quarterly Earnings Results, Beats Expectations By $0.14 EPS

Hudbay Minerals (NYSE:HBM) (TSE:HBM) released its quarterly earnings data on Monday. The mining company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.10 by $0.14, Zacks reports. Hudbay Minerals had a return on equity of 7.29% and a net margin of 3.80%. The company had revenue of $594.90 million during the quarter, compared to the consensus estimate of $537.36 million. During the same quarter in the prior year, the firm posted $0.22 EPS. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year.

Hudbay Minerals Price Performance

Shares of HBM traded up $0.66 during mid-day trading on Monday, reaching $8.37. The company had a trading volume of 5,194,421 shares, compared to its average volume of 4,832,710. The company’s 50 day simple moving average is $7.35 and its 200 day simple moving average is $8.17. Hudbay Minerals has a 1-year low of $5.95 and a 1-year high of $10.49. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.47 and a current ratio of 1.86. The company has a market capitalization of $3.30 billion, a price-to-earnings ratio of 46.42 and a beta of 1.56.

Hudbay Minerals Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, March 4th were paid a $0.007 dividend. This is an increase from Hudbay Minerals’s previous semi-annual dividend of $0.01. This represents a dividend yield of 0.2%. The ex-dividend date was Tuesday, March 4th. Hudbay Minerals’s dividend payout ratio (DPR) is presently 5.56%.

Wall Street Analyst Weigh In

Several research firms have issued reports on HBM. Stifel Canada raised shares of Hudbay Minerals to a “strong-buy” rating in a research report on Wednesday, March 19th. BMO Capital Markets started coverage on Hudbay Minerals in a report on Wednesday, April 16th. They set an “outperform” rating on the stock. StockNews.com raised Hudbay Minerals from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Finally, Desjardins started coverage on Hudbay Minerals in a report on Friday, April 4th. They set a “buy” rating on the stock. Four analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $14.00.

About Hudbay Minerals

Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.