Media stories about Hudbay Minerals (NYSE:HBM) (TSE:HBM) have trended somewhat positive this week, InfoTrie Sentiment reports. The research group scores the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Hudbay Minerals earned a news sentiment score of 1.57 on their scale. InfoTrie also gave media headlines about the mining company an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company’s share price in the near future.
A number of brokerages have recently commented on HBM. Barclays began coverage on shares of Hudbay Minerals in a report on Wednesday, October 10th. They set an “overweight” rating and a $8.00 price target for the company. Zacks Investment Research upgraded shares of Hudbay Minerals from a “sell” rating to a “hold” rating in a report on Wednesday, October 10th. Credit Suisse Group reiterated a “neutral” rating on shares of Hudbay Minerals in a report on Monday, September 10th. Raymond James reiterated a “buy” rating on shares of Hudbay Minerals in a report on Friday, November 2nd. Finally, Bank of America began coverage on shares of Hudbay Minerals in a report on Tuesday, August 14th. They set a “neutral” rating and a $6.00 price target for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $8.33.
Shares of NYSE HBM opened at $4.91 on Friday. The stock has a market cap of $1.37 billion, a PE ratio of 8.61 and a beta of 3.10. Hudbay Minerals has a 12 month low of $3.44 and a 12 month high of $10.25. The company has a quick ratio of 1.98, a current ratio of 2.44 and a debt-to-equity ratio of 0.47.
Hudbay Minerals (NYSE:HBM) (TSE:HBM) last released its earnings results on Wednesday, October 31st. The mining company reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.07. Hudbay Minerals had a net margin of 12.29% and a return on equity of 7.26%. The business had revenue of $362.65 million for the quarter, compared to analysts’ expectations of $305.36 million. During the same period last year, the company earned $0.17 earnings per share. The company’s quarterly revenue was down 4.6% on a year-over-year basis. On average, research analysts predict that Hudbay Minerals will post 0.34 earnings per share for the current fiscal year.
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 four polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru; and a copper project in Arizona, the United States.
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