Hudbay Minerals Inc. (NYSE:HBM – Get Free Report) (TSE:HBM) has received a consensus rating of “Buy” from the six analysts that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $11.17.
Separately, StockNews.com raised Hudbay Minerals from a “hold” rating to a “buy” rating in a report on Friday, November 15th.
Get Our Latest Research Report on Hudbay Minerals
Hudbay Minerals Trading Down 0.5 %
Hudbay Minerals (NYSE:HBM – Get Free Report) (TSE:HBM) last issued its quarterly earnings results on Wednesday, November 13th. The mining company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.09. Hudbay Minerals had a return on equity of 7.44% and a net margin of 4.23%. The company had revenue of $485.80 million for the quarter, compared to analyst estimates of $454.47 million. During the same quarter last year, the company posted $0.07 EPS. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. Equities analysts anticipate that Hudbay Minerals will post 0.56 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Prospera Private Wealth LLC acquired a new position in Hudbay Minerals during the 3rd quarter worth about $28,000. Exchange Traded Concepts LLC acquired a new position in shares of Hudbay Minerals in the 3rd quarter valued at about $53,000. Clear Harbor Asset Management LLC acquired a new position in shares of Hudbay Minerals in the 3rd quarter valued at about $92,000. Armistice Capital LLC acquired a new position in shares of Hudbay Minerals in the 2nd quarter valued at about $97,000. Finally, First Affirmative Financial Network acquired a new position in shares of Hudbay Minerals in the 3rd quarter valued at about $103,000. 57.82% of the stock is owned by institutional investors and hedge funds.
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.
Featured Articles
- Five stocks we like better than Hudbay Minerals
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
- Top ETFs That Beat the Market in 2024 and Could Do It Again
- What Are Dividend Champions? How to Invest in the Champions
- J.B. Hunt Leads Truckers Lower: Buy Them While They’re Down?
- Why Are These Companies Considered Blue Chips?
- MarketBeat Week in Review – 01/13 – 01/17
Receive News & Ratings for Hudbay Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudbay Minerals and related companies with MarketBeat.com's FREE daily email newsletter.