Hudbay Minerals (NYSE:HBM) Issues Quarterly Earnings Results

Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM announced its quarterly earnings data on Wednesday. The mining company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02), Zacks reports. The firm had revenue of $584.90 million for the quarter, compared to the consensus estimate of $588.28 million. Hudbay Minerals had a net margin of 3.80% and a return on equity of 7.29%. The firm's revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.20 earnings per share.

Hudbay Minerals Price Performance

Shares of NYSE:HBM traded down $0.52 on Friday, reaching $7.10. The company's stock had a trading volume of 8,169,587 shares, compared to its average volume of 6,447,345. Hudbay Minerals has a 52-week low of $5.22 and a 52-week high of $10.49. The company has a market cap of $2.80 billion, a P/E ratio of 39.42 and a beta of 1.74. The company has a 50-day simple moving average of $8.53 and a 200 day simple moving average of $8.53. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.47 and a current ratio of 1.86.

Hudbay Minerals Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, March 21st. Shareholders 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. This represents a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, March 4th. Hudbay Minerals's dividend payout ratio (DPR) is presently 5.56%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Hudbay Minerals from a "hold" rating to a "buy" rating in a report on Friday, February 7th. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $11.17.

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.