Hudbay Minerals Inc. (NYSE:HBM – Get Rating) (TSE:HBM) stock price hit a new 52-week low on Tuesday. The stock traded as low as $3.33 and last traded at $3.34, with volume traded at 27,043 shares. The stock previously closed at $3.44.
Several research firms have weighed in on HBM. Canaccord Genuity Group lowered its price target on Hudbay Minerals shares from C$12.50 to C$11.50 in a Wednesday, May 11 research report. Stifel Nicolaus raised his price target on Hudbay Minerals shares from C$15.00 to C$16.50 in a Thursday, March 17 research note. Scotiabank lowered its price target on Hudbay Minerals shares from C$10.00 to C$7.50 in a Thursday, July 7 research note. Raymond James raised his price target on Hudbay Minerals shares from C$13.00 to C$14.00 in a Wednesday, April 20 research note. Finally, CIBC lowered its price target on Hudbay Minerals shares from C$14.00 to C$11.50 in a Wednesday, May 18 research note. One analyst rated the stock with a hold rating and seven gave the company a buy rating. Based on MarketBeat data, Hudbay Minerals currently has a consensus rating of “Moderate Buy” and an average target price of $12.80.
The company has a market capitalization of $877.33 million, a PE ratio of -7.28, a growth price-earnings ratio of 0.25 and a beta of 2.15. The company’s fifty-day moving average is $5.04 and its 200-day moving average is $6.69. The company has a current ratio of 1.35, a quick ratio of 0.92 and a debt ratio of 0.79.
Hudbay Minerals (NYSE:HBM – Get Rating) (TSE:HBM) last released its quarterly results on Monday, May 9. The mining company reported EPS of $0.02 for the quarter, missing the consensus estimate of $0.09 per ($0.07). The company posted revenue of $378.62 million in the quarter, compared to $402.00 million expected by analysts. Hudbay Minerals posted a positive return on equity of 5.27% and a negative net margin of 7.69%. As a group, sell-side analysts expect Hudbay Minerals Inc. to post 0.54 EPS for the current fiscal year.
Several institutional investors have recently increased or reduced their stake in HBM. Signaturefd LLC increased its holdings of Hudbay Minerals shares by 111.3% during the fourth quarter. Signaturefd LLC now owns 5,279 shares of the mining company worth $38,000 after buying 2,781 additional shares last quarter. Quadrant Capital Group LLC increased its holdings of Hudbay Minerals shares by 122.9% during the fourth quarter. Quadrant Capital Group LLC now owns 6,183 shares of the mining company worth $45,000 after buying 3,409 additional shares last quarter. US Bancorp DE increased its holdings of Hudbay Minerals shares by 122.4% in the first quarter. US Bancorp DE now owns 7,899 shares of the mining company worth $62,000 after buying 4,347 more shares last quarter. CastleKnight Management LP purchased a new equity stake in Hudbay Minerals during the fourth quarter for $85,000. Finally, Keebeck Alpha LP purchased a new equity stake in Hudbay Minerals during the first quarter at a value of $104,000. 67.11% of the shares are held by institutional investors and hedge funds.
Hudbay Minerals Company Profile (NYSE: HBM)
Hudbay Minerals Inc, a diversified mining company, together with its subsidiaries, is focused 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; gilded silver/gold; molybdenum concentrates; and zinc metals.
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