HudBay Minerals (NYSE:HBM) Posts Earnings Results, Misses Expectations By $0.01 EPS

HudBay Minerals (NYSE:HBM) (TSE:HBM) issued its quarterly earnings results on Thursday. The mining company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01), Zacks reports. HudBay Minerals had a net margin of 27.48% and a return on equity of 9.47%.

HudBay Minerals Trading Up 0.3%

Shares of HBM traded up $0.06 during trading hours on Thursday, hitting $22.00. 3,185,355 shares of the stock traded hands, compared to its average volume of 5,377,447. HudBay Minerals has a 1-year low of $14.34 and a 1-year high of $32.15. The firm has a market capitalization of $9.77 billion, a PE ratio of 12.96, a price-to-earnings-growth ratio of 0.40 and a beta of 1.62. The company has a current ratio of 2.24, a quick ratio of 1.93 and a debt-to-equity ratio of 0.17. The business has a fifty day moving average of $24.99 and a 200-day moving average of $24.77.

Wall Street Analyst Weigh In

HBM has been the topic of a number of recent analyst reports. Scotiabank reissued an “outperform” rating on shares of HudBay Minerals in a research report on Thursday, July 30th. Wall Street Zen cut shares of HudBay Minerals from a “buy” rating to a “hold” rating in a research note on Sunday, October 25th. Citigroup reaffirmed a “positive” rating on shares of HudBay Minerals in a report on Wednesday, July 15th. Weiss Ratings upgraded HudBay Minerals from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Finally, Barclays reissued an “overweight” rating on shares of HudBay Minerals in a report on Tuesday, October 6th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $31.33.

HudBay Minerals Company Profile

Hudbay Minerals, now known as Hudbay Inc., is a mining company focused on the discovery, development and operation of copper and other metal deposits. Its products include copper, zinc, gold, silver and molybdenum. The company operates the Constancia mine in Peru and mining and processing assets in Manitoba, Canada, including the Lalor mine. In British Columbia, Hudbay operates the Copper Mountain mine. It also advances copper exploration and development projects in the United States, including projects in Arizona.