Hudbay Minerals (TSE:HBM) Announces Earnings Results

Hudbay Minerals (TSE:HBM) (NYSE:HBM) posted its quarterly earnings data on Friday. The mining company reported C$0.30 EPS for the quarter, FiscalAI reports. Hudbay Minerals had a net margin of 4.23% and a return on equity of 3.74%. The company had revenue of C$747.72 million during the quarter.

Hudbay Minerals Stock Performance

Shares of TSE:HBM opened at C$34.19 on Friday. The firm’s 50 day simple moving average is C$31.35 and its 200-day simple moving average is C$24.10. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.85 and a current ratio of 1.86. Hudbay Minerals has a one year low of C$8.49 and a one year high of C$38.80. The firm has a market cap of C$13.54 billion, a PE ratio of 29.47, a price-to-earnings-growth ratio of 3.97 and a beta of 2.16.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on HBM shares. Canaccord Genuity Group raised their target price on shares of Hudbay Minerals from C$35.00 to C$39.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Jefferies Financial Group raised their price objective on shares of Hudbay Minerals from C$31.00 to C$37.00 in a research note on Monday, January 19th. Scotiabank upped their target price on Hudbay Minerals from C$26.00 to C$31.00 in a research note on Thursday, January 8th. Royal Bank Of Canada increased their price target on Hudbay Minerals from C$26.00 to C$28.00 in a report on Wednesday, December 10th. Finally, National Bank Financial lowered Hudbay Minerals from an “outperform” rating to a “sector perform” rating and raised their price target for the stock from C$28.00 to C$40.00 in a research note on Thursday, January 29th. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Hudbay Minerals has an average rating of “Buy” and an average target price of C$35.05.

Hudbay Minerals Company Profile

Hudbay Minerals Inc is a Canadian mining company with its operations, property developments, and exploration activities across the United States. The major mines that Hudbay operates are located in Manitoba, Canada, Arizona, United States; and Peru. The company is principally focused on the discovery, production, and marketing of base and precious metals. Hudbay produces copper concentrate, which contains copper, gold, and silver, as well as zinc metal. More than half the company’s revenue is attributable to the copper business.