Hudbay Minerals (NYSE:HBM – Get Valuation) (TSE:HBM) saw its target price lowered by Scotiabank analysts from CA$10.00 to CA$7.50 in a note issued to investors on Thursday, reports The Fly.
HBM has been the subject of several other research reports. StockNews.com downgraded shares of Hudbay Minerals from a “buy” rating to a “hold” rating in a Tuesday, April 19 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 report. Royal Bank of Canada lowered its price target on Hudbay Minerals shares from C$14.00 to C$12.00 in a Wednesday, May 11 research report. National Bank Financial lowered its price target on Hudbay Minerals shares from C$12.50 to C$11.50 in a Wednesday, May 11 research report. Finally, CIBC lowered its price target on Hudbay Minerals shares from C$14.00 to C$11.50 in a Wednesday, May 18 research report. One equity research analyst gave the stock a hold rating and seven gave the stock a buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $12.80.
HBM stock opened Thursday at $3.73. The company has a debt ratio of 0.79, a current ratio of 1.35 and a quick ratio of 0.92. Hudbay Minerals has a 1-year low of $3.60 and a 1-year high of $8.75. The company has a fifty-day moving average price of $5.22 and a two-hundred-day moving average price of $6.76. The company has a market capitalization of $976.84 million, a price/earnings ratio of -8.11, a PEG ratio of 0.23 and a beta of 2.15.
Hudbay Minerals (NYSE:HBM – Get Rating) (TSE:HBM) last released its results on Monday, May 9. The mining company reported earnings per share of $0.02 for the quarter, missing the consensus estimate of $0.09 per ($0.07). Hudbay Minerals posted a negative net margin of 7.69% and a positive return on equity of 5.27%. The company posted revenue of $378.62 million for the quarter, versus a consensus estimate of $402.00 million. As a group, analysts expect Hudbay Minerals to post 0.6 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently changed their holdings in HBM. L1 Capital Pty Ltd increased its stake in Hudbay Minerals by 16.4% in the fourth quarter. L1 Capital Pty Ltd now owns 11,309,560 shares in the mining company valued at $103,596,000 after acquiring an additional 1,596,887 shares in the last quarter. Allianz Asset Management GmbH increased its stake in Hudbay Minerals by 118.8% in the 1st quarter. Allianz Asset Management GmbH now owns 2,717,684 shares in the mining company valued at $21,367,000 after acquiring an additional 1,475,834 shares in the last quarter. Invesco Ltd. increased its stake in Hudbay Minerals by 71.6% in the 1st quarter. Invesco Ltd. now owns 2,968,111 shares of the mining company valued at $23,300,000 after acquiring an additional 1,237,955 shares in the last quarter. Jennison Associates LLC acquired a new stake in Hudbay Minerals in Q1 valued at approximately $4,876,000. Finally, Galibier Capital Management Ltd. acquired a new stake in Hudbay Minerals in Q1 valued at approximately $3,649,000. 67.11% of the shares are held by institutional investors.
Hudbay Minerals Company Profile (Get an assessment)
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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