Hudbay Minerals (HBM) Set to Announce Quarterly Earnings on Tuesday

Hudbay Minerals (TSE:HBM) (NYSE:HBM) is set to release its earnings data before the market opens on Tuesday, August 13th. Analysts expect Hudbay Minerals to post earnings of C$0.14 per share for the quarter.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its quarterly earnings results on Tuesday, May 14th. The mining company reported C$0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.04 by C$0.18. Hudbay Minerals had a return on equity of 4.36% and a net margin of 4.34%. The company had revenue of C$707.76 million during the quarter, compared to the consensus estimate of C$635.57 million.

Hudbay Minerals Trading Up 1.3 %

TSE:HBM opened at C$9.97 on Monday. The company has a debt-to-equity ratio of 62.72, a current ratio of 1.40 and a quick ratio of 0.85. The business’s 50-day simple moving average is C$11.86 and its 200-day simple moving average is C$10.56. Hudbay Minerals has a fifty-two week low of C$5.46 and a fifty-two week high of C$14.33. The stock has a market capitalization of C$3.92 billion, a PE ratio of 30.21, a price-to-earnings-growth ratio of 3.97 and a beta of 1.96.

Insider Activity

In other Hudbay Minerals news, Senior Officer Peter Adamek sold 5,874 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of C$13.00, for a total value of C$76,362.00. In other news, Director Gregory Paul Dryden sold 26,625 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of C$10.23, for a total transaction of C$272,496.23. Also, Senior Officer Peter Adamek sold 5,874 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of C$13.00, for a total value of C$76,362.00. 0.08% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

HBM has been the topic of a number of research reports. Scotiabank lifted their price target on shares of Hudbay Minerals from C$15.00 to C$17.00 in a research note on Thursday, May 30th. TD Securities increased their target price on Hudbay Minerals from C$14.00 to C$16.00 and gave the stock a “buy” rating in a report on Wednesday, May 15th. Raymond James lifted their price target on Hudbay Minerals from C$11.50 to C$14.00 in a research note on Wednesday, April 24th. BMO Capital Markets increased their target price on shares of Hudbay Minerals from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a report on Tuesday, May 21st. Finally, Jefferies Financial Group raised their target price on shares of Hudbay Minerals from C$13.00 to C$14.00 in a research note on Friday, July 12th. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$14.73.

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.