Hudbay Minerals (HBM) Expected to Announce Quarterly Earnings on Wednesday

Hudbay Minerals (NYSE:HBM) (TSE:HBM) is expected to be posting its quarterly earnings results before the market opens on Wednesday, February 19th. Analysts expect Hudbay Minerals to post earnings of $0.20 per share and revenue of $588.28 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last released its quarterly earnings data on Wednesday, November 13th. The mining company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.09. The firm had revenue of $485.80 million for the quarter, compared to analyst estimates of $454.47 million. Hudbay Minerals had a net margin of 4.23% and a return on equity of 7.44%. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.07 EPS. On average, analysts expect Hudbay Minerals to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Hudbay Minerals Trading Down 5.6 %

Hudbay Minerals stock opened at $9.05 on Wednesday. Hudbay Minerals has a 12 month low of $4.94 and a 12 month high of $10.49. 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 stock has a market cap of $3.57 billion, a P/E ratio of 39.33 and a beta of 1.74. The company’s fifty day simple moving average is $8.60 and its 200-day simple moving average is $8.50.

Analyst Ratings Changes

Separately, StockNews.com upgraded Hudbay Minerals from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target 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.