Hudbay Minerals Inc. (NYSE:HBM) Given Consensus Rating of "Buy" by Analysts

Hudbay Minerals Inc. (NYSE:HBM - Get Free Report) TSE: HBM has been given an average rating of "Buy" by the six brokerages that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings 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 research report on Friday, February 7th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HBM. Creative Planning lifted its stake in shares of Hudbay Minerals by 37.1% in the third quarter. Creative Planning now owns 29,142 shares of the mining company's stock worth $268,000 after acquiring an additional 7,881 shares in the last quarter. Van ECK Associates Corp raised its stake in Hudbay Minerals by 0.4% during the third quarter. Van ECK Associates Corp now owns 451,628 shares of the mining company's stock valued at $4,213,000 after buying an additional 1,960 shares in the last quarter. Old West Investment Management LLC raised its stake in Hudbay Minerals by 100.0% during the third quarter. Old West Investment Management LLC now owns 450,000 shares of the mining company's stock valued at $4,136,000 after buying an additional 225,000 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in Hudbay Minerals during the third quarter valued at approximately $527,000. Finally, Meritage Portfolio Management acquired a new stake in Hudbay Minerals during the third quarter valued at approximately $6,743,000. Institutional investors and hedge funds own 57.82% of the company's stock.

Hudbay Minerals Stock Up 8.1 %

Shares of NYSE HBM traded up $0.56 on Wednesday, hitting $7.45. The company had a trading volume of 8,166,934 shares, compared to its average volume of 6,699,917. Hudbay Minerals has a 12-month low of $6.12 and a 12-month high of $10.49. The business has a 50 day moving average of $8.33 and a two-hundred day moving average of $8.53. The company has a quick ratio of 1.47, a current ratio of 1.86 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $2.94 billion, a P/E ratio of 41.36 and a beta of 1.74.

Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last issued its earnings results on Wednesday, February 19th. The mining company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). Hudbay Minerals had a return on equity of 7.29% and a net margin of 3.80%. The company had revenue of $584.90 million during the quarter, compared to analysts' expectations of $588.28 million. During the same period in the previous year, the company earned $0.20 EPS. Hudbay Minerals's quarterly revenue was down 2.9% on a year-over-year basis. As a group, equities research analysts forecast that Hudbay Minerals will post 0.79 earnings per share for the current fiscal year.

Hudbay Minerals Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, March 21st. Investors of record on Tuesday, March 4th will be paid a $0.007 dividend. This is a boost from Hudbay Minerals's previous semi-annual dividend of $0.01. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a dividend yield of 0.2%. Hudbay Minerals's payout ratio is 5.56%.

Hudbay Minerals Company Profile

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.