Hudbay Minerals (NYSE:HBM) (TSE:HBM) was downgraded by equities researchers at National Bank Financial from an “outperform” rating to a “sector perform” rating in a note issued to investors on Thursday, MarketBeat reports. National Bank Financial also issued estimates for Hudbay Minerals’ Q4 2017 earnings at $0.27 EPS, FY2017 earnings at $0.60 EPS and FY2018 earnings at $0.88 EPS.
Several other research firms also recently weighed in on HBM. Canaccord Genuity downgraded Hudbay Minerals from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Zacks Investment Research downgraded Hudbay Minerals from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. ValuEngine downgraded Hudbay Minerals from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, BMO Capital Markets increased their price target on Hudbay Minerals from $10.50 to $10.75 and gave the stock a “market perform” rating in a research note on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $11.25.
Shares of Hudbay Minerals (NYSE HBM) traded up $0.15 during trading on Thursday, hitting $9.35. The stock had a trading volume of 2,002,301 shares, compared to its average volume of 908,296. Hudbay Minerals has a 1 year low of $4.60 and a 1 year high of $10.25. The stock has a market cap of $2,440.00, a price-to-earnings ratio of 155.83 and a beta of 3.17. The company has a current ratio of 1.74, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51.
Hudbay Minerals (NYSE:HBM) (TSE:HBM) last posted its quarterly earnings results on Wednesday, November 1st. The mining company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. Hudbay Minerals had a return on equity of 5.04% and a net margin of 1.34%. equities analysts forecast that Hudbay Minerals will post 0.52 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bank of Nova Scotia boosted its stake in Hudbay Minerals by 4.5% in the 2nd quarter. Bank of Nova Scotia now owns 67,126 shares of the mining company’s stock worth $388,000 after purchasing an additional 2,894 shares during the period. Quantbot Technologies LP boosted its stake in Hudbay Minerals by 37.3% in the 2nd quarter. Quantbot Technologies LP now owns 24,912 shares of the mining company’s stock worth $143,000 after purchasing an additional 6,769 shares during the period. QS Investors LLC boosted its stake in Hudbay Minerals by 12.5% in the 2nd quarter. QS Investors LLC now owns 63,100 shares of the mining company’s stock worth $363,000 after purchasing an additional 7,000 shares during the period. Dimensional Fund Advisors LP boosted its stake in Hudbay Minerals by 5.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 135,253 shares of the mining company’s stock worth $1,008,000 after purchasing an additional 7,194 shares during the period. Finally, Guardian Capital Advisors LP boosted its stake in Hudbay Minerals by 73.6% in the 2nd quarter. Guardian Capital Advisors LP now owns 40,583 shares of the mining company’s stock worth $336,000 after purchasing an additional 17,200 shares during the period. Institutional investors and hedge funds own 64.03% of the company’s stock.
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About Hudbay Minerals
Hudbay Minerals Inc is a Canada-based mining company. The Company is engaged in the production of copper concentrate, consisting of copper, gold and silver, as well as zinc metal. The Company is focused on the discovery, production and marketing of base and precious metals. The Company has assets in North and South America.