HudBay Minerals Inc. (HBM) Stock Price Down 1.8%
HudBay Minerals Inc. (NYSE:HBM) shares fell 1.8% during mid-day trading on Thursday . The stock traded as low as $4.82 and last traded at $4.86, with a volume of 120,975 shares. The stock had previously closed at $4.95.
Several brokerages recently issued reports on HBM. Paradigm Capital reissued a “buy” rating and set a $9.00 target price (up previously from $7.50) on shares of HudBay Minerals in a report on Thursday, May 5th. Zacks Investment Research lowered shares of HudBay Minerals from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 28th. TD Securities restated a “hold” rating and set a $6.50 price target (up previously from $5.75) on shares of HudBay Minerals in a research report on Monday, May 2nd. Royal Bank Of Canada restated a “sector perform” rating and set a $7.50 price target on shares of HudBay Minerals in a research report on Tuesday, April 26th. Finally, RBC Capital Markets restated an “outperform” rating and set a $8.00 price target (up previously from $7.50) on shares of HudBay Minerals in a research report on Wednesday, August 3rd. 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 stock. The company has a consensus rating of “Hold” and a consensus target price of $7.13.
The firm’s market cap is $1.13 billion. The firm has a 50-day moving average of $4.92 and a 200-day moving average of $3.93.
HudBay Minerals (NYSE:HBM) last released its quarterly earnings results on Wednesday, July 27th. The mining company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.05 by $0.07. The company had revenue of $247 million for the quarter, compared to analysts’ expectations of $249.18 million. During the same period last year, the business posted ($0.24) EPS. HudBay Minerals’s revenue was up 63.7% compared to the same quarter last year. On average, analysts anticipate that HudBay Minerals Inc. will post $0.08 EPS for the current year.
The firm also recently declared a semiannual dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 9th will be given a $0.0076 dividend. The ex-dividend date is Wednesday, September 7th. This represents a yield of 0.3%. This is an increase from HudBay Minerals’s previous semiannual dividend of $0.01.
A hedge fund recently raised its stake in HudBay Minerals stock. Bank of Montreal Can raised its stake in shares of HudBay Minerals Inc. (NYSE:HBM) by 35.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 431,266 shares of the mining company’s stock after buying an additional 112,899 shares during the period. Bank of Montreal Can owned approximately 0.18% of HudBay Minerals worth $1,647,000 as of its most recent filing with the SEC.
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.
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