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

Shares of Hudbay Minerals Inc. (NYSE:HBM - Get Free Report) TSE: HBM have earned a consensus rating of "Strong Buy" from the four analysts that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $14.00.

A number of analysts recently issued reports on HBM shares. Desjardins began coverage on Hudbay Minerals in a research note on Friday, April 4th. They set a "buy" rating on the stock. StockNews.com upgraded Hudbay Minerals from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Finally, Stifel Canada upgraded shares of Hudbay Minerals to a "strong-buy" rating in a research report on Wednesday, March 19th.

Institutional Trading of Hudbay Minerals

A number of large investors have recently modified their holdings of HBM. Vanguard Group Inc. increased its position in shares of Hudbay Minerals by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 15,267,805 shares of the mining company's stock worth $123,852,000 after purchasing an additional 255,191 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Hudbay Minerals by 14.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,662,499 shares of the mining company's stock worth $118,874,000 after buying an additional 1,822,601 shares during the last quarter. Invesco Ltd. raised its position in shares of Hudbay Minerals by 2.7% during the 4th quarter. Invesco Ltd. now owns 11,815,849 shares of the mining company's stock valued at $95,708,000 after buying an additional 314,619 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Hudbay Minerals by 86.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 9,149,134 shares of the mining company's stock worth $74,105,000 after acquiring an additional 4,253,400 shares during the last quarter. Finally, Bank of Montreal Can grew its position in Hudbay Minerals by 4.9% in the fourth quarter. Bank of Montreal Can now owns 8,065,777 shares of the mining company's stock worth $65,342,000 after acquiring an additional 374,258 shares in the last quarter. Institutional investors own 57.82% of the company's stock.

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Hudbay Minerals Stock Performance

NYSE:HBM traded up $0.84 on Friday, reaching $6.93. 14,102,810 shares of the company's stock were exchanged, compared to its average volume of 4,544,727. The stock has a fifty day simple moving average of $7.82 and a 200-day simple moving average of $8.50. Hudbay Minerals has a 52 week low of $5.95 and a 52 week high of $10.49. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.86 and a quick ratio of 1.47. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 38.50 and a beta of 1.62.

Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last released its quarterly earnings data on Wednesday, February 19th. The mining company reported $0.18 EPS 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 business had revenue of $584.90 million during the quarter, compared to the consensus estimate of $588.28 million. During the same period last year, the business posted $0.20 earnings per share. The firm's quarterly revenue was down 2.9% on a year-over-year basis. As a group, sell-side analysts predict that Hudbay Minerals will post 0.79 earnings per share for the current year.

Hudbay Minerals Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, March 4th were paid a $0.007 dividend. This is a positive change from Hudbay Minerals's previous semi-annual dividend of $0.01. This represents a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, March 4th. Hudbay Minerals's dividend payout ratio is currently 5.56%.

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.