HudBay Minerals (HBM) Announces Quarterly Results
HudBay Minerals (NYSE:HBM) issued its quarterly earnings data on Friday. The company reported $0.04 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.06 by $0.02, StockRatingsNetwork reports.
HBM has been the subject of a number of recent research reports. Analysts at TD Securities upgraded shares of HudBay Minerals to a “buy” rating in a research note on Tuesday, July 22nd. On a related note, analysts at Scotiabank upgraded shares of HudBay Minerals from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, July 21st. Finally, analysts at Zacks downgraded shares of HudBay Minerals from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 15th. They now have a $9.70 price target on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. HudBay Minerals presently has an average rating of “Hold” and a consensus price target of $10.23.
Shares of HudBay Minerals (NYSE:HBM) opened at 10.85 on Friday. HudBay Minerals has a 52 week low of $5.78 and a 52 week high of $10.98. The stock’s 50-day moving average is $9.85 and its 200-day moving average is $8.69. The company’s market cap is $2.094 billion.
The company also recently announced a semiannual dividend, which is scheduled for Tuesday, September 30th. Investors of record on Friday, September 12th will be paid a dividend of $0.0093 per share. This represents a dividend yield of 0.17%. The ex-dividend date is Wednesday, September 10th.
HudBay Minerals Inc (NYSE:HBM) is an integrated mining company.
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