Hudbay Minerals (NYSE:HBM) Announces Quarterly Earnings Results

Hudbay Minerals (NYSE:HBM) (TSE:HBM) announced its earnings results on Wednesday. The mining company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02), Zacks reports. Hudbay Minerals had a net margin of 4.23% and a return on equity of 7.44%.

Hudbay Minerals Stock Performance

Shares of NYSE HBM opened at $8.95 on Wednesday. The stock has a market capitalization of $3.53 billion, a P/E ratio of 38.89 and a beta of 1.74. The firm’s 50-day moving average price is $8.60 and its two-hundred day moving average price is $8.54. Hudbay Minerals has a 52-week low of $5.22 and a 52-week 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.

Analysts Set New Price Targets

Separately, StockNews.com raised 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. According to data from MarketBeat.com, Hudbay Minerals presently 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.