Hudbay Minerals (NYSE:HBM) Issues Earnings Results, Misses Expectations By $0.02 EPS
Hudbay Minerals (NYSE:HBM) (TSE:HBM) announced its quarterly earnings data on Monday. The mining company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02), Fidelity Earnings reports. Hudbay Minerals had a negative net margin of 27.35% and a negative return on equity of 0.68%. The company had revenue of $291.28 million for the quarter, compared to the consensus estimate of $295.75 million. During the same quarter in the previous year, the business earned $0.09 EPS. The company’s quarterly revenue was down 19.7% compared to the same quarter last year.
NYSE HBM opened at $3.39 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.86 and a current ratio of 2.31. The company has a market capitalization of $956.26 million, a price-to-earnings ratio of 8.69 and a beta of 3.05. The company’s 50-day simple moving average is $3.60 and its two-hundred day simple moving average is $4.39. Hudbay Minerals has a one year low of $2.99 and a one year high of $7.83.
HBM has been the subject of a number of research analyst reports. Barclays reiterated an “average” rating and set a $8.00 price objective on shares of Hudbay Minerals in a report on Sunday, August 4th. Scotiabank lowered shares of Hudbay Minerals from an “outperform” rating to a “sector perform” rating in a report on Tuesday. Credit Suisse Group decreased their price objective on shares of Hudbay Minerals from $11.50 to $8.75 and set an “outperform” rating for the company in a report on Tuesday, August 6th. CIBC reiterated a “hold” rating and set a $5.00 price objective on shares of Hudbay Minerals in a report on Friday, September 6th. Finally, ValuEngine upgraded shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Hudbay Minerals has an average rating of “Hold” and a consensus target price of $7.55.
Hudbay Minerals Inc, an integrated 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; and zinc metal. The company owns three polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru; and copper projects in Arizona and Nevada, the United States.
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