Hudbay Minerals (NYSE:HBM) Sets New 1-Year Low at $5.22

Hudbay Minerals Inc. (NYSE:HBMGet Rating) (TSE:HBM) shares hit a new 52-week low on Tuesday . The stock traded as low as $5.22 and last traded at $5.34, with a volume of 113968 shares. The stock had previously closed at $5.48.

Several equities research analysts recently weighed in on the company. Canaccord Genuity Group decreased their price objective on Hudbay Minerals from C$12.50 to C$11.50 in a report on Wednesday. Royal Bank of Canada decreased their price objective on Hudbay Minerals from C$14.00 to C$12.00 in a report on Wednesday. Raymond James lifted their target price on Hudbay Minerals from C$13.00 to C$14.00 in a report on Wednesday, April 20th. Zacks Investment Research lowered Hudbay Minerals from a “buy” rating to a “hold” rating in a report on Friday, January 28th. Finally, National Bank Financial reduced their target price on Hudbay Minerals from C$12.50 to C$11.50 in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $13.16.

The stock has a market cap of $1.32 billion, a P/E ratio of -5.83, a P/E/G ratio of 0.31 and a beta of 2.07. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.98 and a current ratio of 1.29. The stock has a 50-day moving average price of $7.31 and a 200-day moving average price of $7.31.

Hudbay Minerals (NYSE:HBMGet Rating) (TSE:HBM) last issued its quarterly earnings results on Wednesday, February 23rd. The mining company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The firm had revenue of $425.17 million during the quarter, compared to the consensus estimate of $440.81 million. Hudbay Minerals had a positive return on equity of 3.83% and a negative net margin of 16.27%. The company’s revenue for the quarter was up 31.9% on a year-over-year basis. During the same quarter last year, the company posted ($0.06) EPS. Sell-side analysts forecast that Hudbay Minerals Inc. will post 0.73 earnings per share for the current fiscal year.

The firm also recently declared a Semi-Annual dividend, which was paid on Friday, March 25th. Stockholders of record on Tuesday, March 8th were given a dividend of $0.008 per share. This represents a dividend yield of 0.2%. The ex-dividend date of this dividend was Monday, March 7th. This is an increase from Hudbay Minerals’s previous Semi-Annual dividend of $0.01. Hudbay Minerals’s dividend payout ratio (DPR) is -2.15%.

Institutional investors and hedge funds have recently modified their holdings of the company. Signaturefd LLC boosted its position in shares of Hudbay Minerals by 111.3% during the 4th quarter. Signaturefd LLC now owns 5,279 shares of the mining company’s stock valued at $38,000 after acquiring an additional 2,781 shares during the last quarter. Quadrant Capital Group LLC lifted its position in Hudbay Minerals by 122.9% in the 4th quarter. Quadrant Capital Group LLC now owns 6,183 shares of the mining company’s stock worth $45,000 after buying an additional 3,409 shares during the last quarter. US Bancorp DE lifted its position in Hudbay Minerals by 122.4% in the 1st quarter. US Bancorp DE now owns 7,899 shares of the mining company’s stock worth $62,000 after buying an additional 4,347 shares during the last quarter. JustInvest LLC bought a new stake in Hudbay Minerals in the 3rd quarter worth approximately $71,000. Finally, CastleKnight Management LP bought a new stake in Hudbay Minerals in the 4th quarter worth approximately $85,000. Hedge funds and other institutional investors own 67.11% of the company’s stock.

Hudbay Minerals Company Profile (NYSE:HBM)

Hudbay Minerals Inc, a diversified mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; silver/gold doré; molybdenum concentrates; and zinc metals.

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