Hudbay Minerals (HBM) Scheduled to Post Earnings on Wednesday

Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM is scheduled to be releasing its earnings data before the market opens on Wednesday, November 13th. Analysts expect Hudbay Minerals to post earnings of $0.08 per share for the quarter. Investors interested in registering for the company's conference call can do so using this link.

Hudbay Minerals Stock Performance

Hudbay Minerals stock traded down $0.29 during midday trading on Wednesday, reaching $9.02. 4,422,854 shares of the company's stock were exchanged, compared to its average volume of 3,080,462. The stock's 50-day simple moving average is $8.59 and its 200 day simple moving average is $8.64. The firm has a market cap of $3.55 billion, a price-to-earnings ratio of 40.46 and a beta of 1.78. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.49 and a current ratio of 1.86. Hudbay Minerals has a 52 week low of $3.94 and a 52 week high of $10.49.

Hudbay Minerals Cuts Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Friday, September 20th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.007 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a dividend yield of 0.2%. Hudbay Minerals's dividend payout ratio is currently 4.35%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. StockNews.com cut shares of Hudbay Minerals from a "buy" rating to a "hold" rating in a research report on Tuesday, August 13th. Jefferies Financial Group raised shares of Hudbay Minerals from a "hold" rating to a "buy" rating in a report on Wednesday, August 14th. Finally, Stifel Canada upgraded Hudbay Minerals to a "strong-buy" rating in a report on Monday, July 22nd. One analyst has rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Hudbay Minerals presently has a consensus rating of "Buy" and an average target price of $11.17.

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.