StockNews.com upgraded shares of Hudbay Minerals (NYSE:HBM - Free Report) TSE: HBM from a hold rating to a buy rating in a research note released on Thursday.
Hudbay Minerals Stock Performance
Shares of HBM stock traded up $0.24 on Thursday, hitting $8.50. 6,821,239 shares of the stock were exchanged, compared to its average volume of 5,464,091. Hudbay Minerals has a one year low of $4.94 and a one year high of $10.49. The firm's 50 day moving average is $8.62 and its two-hundred day moving average is $8.47. The company has a current ratio of 1.86, a quick ratio of 1.47 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $3.35 billion, a PE ratio of 36.94 and a beta of 1.76.
Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last issued its earnings results on Wednesday, November 13th. The mining company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.04 by $0.09. Hudbay Minerals had a return on equity of 7.44% and a net margin of 4.23%. The business had revenue of $485.80 million during the quarter, compared to the consensus estimate of $454.47 million. During the same quarter last year, the company earned $0.07 EPS. The firm's revenue was up 1.1% compared to the same quarter last year. Sell-side analysts expect that Hudbay Minerals will post 0.54 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Hudbay Minerals
Large investors have recently bought and sold shares of the stock. Savant Capital LLC bought a new stake in shares of Hudbay Minerals during the fourth quarter valued at approximately $180,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in Hudbay Minerals in the fourth quarter worth $335,000. Cibc World Market Inc. boosted its holdings in Hudbay Minerals by 4.3% in the fourth quarter. Cibc World Market Inc. now owns 1,879,561 shares of the mining company's stock worth $15,240,000 after acquiring an additional 78,267 shares in the last quarter. First Affirmative Financial Network boosted its holdings in Hudbay Minerals by 39.2% in the fourth quarter. First Affirmative Financial Network now owns 15,563 shares of the mining company's stock worth $126,000 after acquiring an additional 4,386 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in Hudbay Minerals by 83.8% in the fourth quarter. Blue Trust Inc. now owns 46,749 shares of the mining company's stock worth $379,000 after acquiring an additional 21,310 shares in the last quarter. 57.82% of the stock is owned by hedge funds and other institutional investors.
About Hudbay Minerals
(
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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.
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