HudBay Minerals Given Average Rating of “Hold” by Brokerages (NYSE:HBM)
HudBay Minerals (NYSE:HBM) has received an average recommendation of “Hold” from the eleven brokerages that are presently covering the company, American Banking News reports. Six research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $10.50.
HudBay Minerals (NYSE:HBM) opened at 10.03 on Thursday. HudBay Minerals has a 1-year low of $6.38 and a 1-year high of $10.98. The stock has a 50-day moving average of $10.18 and a 200-day moving average of $8.83. The company’s market cap is $2.303 billion. HudBay Minerals also was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totalling 4,607,528 shares, a decrease of 40.7% from the July 15th total of 7,775,196 shares. Currently, 2.0% of the shares of the stock are sold short. Based on an average trading volume of 43,314 shares, the days-to-cover ratio is currently 106.4 days.
HudBay Minerals (NYSE:HBM) last released its earnings data on Friday, August 1st. The company reported $0.04 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.06 by $0.02. Analysts expect that HudBay Minerals will post $0.10 EPS for the current fiscal year.
The company also recently declared a semiannual dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Friday, September 12th will be given a dividend of $0.0093 per share. This represents a yield of 0.17%. The ex-dividend date of this dividend is Wednesday, September 10th.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of HudBay Minerals from an “underperform” rating to a “neutral” rating in a research note on Thursday. They now have a $10.50 price target on the stock. Separately, analysts at TD Securities upgraded shares of HudBay Minerals to a “buy” rating in a research note on Tuesday, July 22nd. Finally, 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.
HudBay Minerals Inc (NYSE:HBM) is an integrated mining company.
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