HudBay Minerals Inc. (HBM) Shares Down 2.1%
Shares of HudBay Minerals Inc. (NYSE:HBM) fell 2.1% on Tuesday . The company traded as low as $4.23 and last traded at $4.24, with a volume of 72,732 shares traded. The stock had previously closed at $4.33.
A number of research firms recently weighed in on HBM. Zacks Investment Research lowered shares of HudBay Minerals from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 28th. Scotiabank reiterated an “outperform” rating and issued a $8.00 price target on shares of HudBay Minerals in a research note on Thursday, July 28th. BMO Capital Markets lowered shares of HudBay Minerals from an “outperform” rating to a “market perform” rating and set a $7.50 price target on the stock. in a research note on Tuesday, August 2nd. They noted that the move was a valuation call. TD Securities reiterated a “hold” rating and issued a $6.50 price target (up from $5.75) on shares of HudBay Minerals in a research note on Monday, May 2nd. Finally, National Bank Financial reiterated a “sector perform” rating and issued a $5.75 price target (up from $4.00) on shares of HudBay Minerals in a research note on Monday, May 2nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $7.13.
The firm has a 50 day moving average of $4.85 and a 200 day moving average of $4.21. The company’s market capitalization is $989.81 million.
HudBay Minerals (NYSE:HBM) last announced its quarterly earnings data on Wednesday, July 27th. The mining company reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.07. During the same period last year, the business posted ($0.24) EPS. The firm earned $247 million during the quarter, compared to analyst estimates of $249.18 million. The firm’s revenue for the quarter was up 63.7% on a year-over-year basis. On average, analysts anticipate that HudBay Minerals Inc. will post $0.08 EPS for the current year.
The company also recently disclosed a semiannual dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 9th will be issued a $0.0076 dividend. This is a boost from HudBay Minerals’s previous semiannual dividend of $0.01. The ex-dividend date is Wednesday, September 7th. This represents a dividend yield of 0.3%.
HudBay Minerals Inc is a Canada-based mining company. The Company is engaged in the production of copper concentrate, consisting of copper, gold and silver, as well as zinc metal. The Company is focused on the discovery, production and marketing of base and precious metals. The Company has assets in North and South America.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.