Hudbay Minerals (NYSE:HBM) Issues Earnings Results

Hudbay Minerals (NYSE:HBM) (TSE:HBM) released its quarterly earnings data on Wednesday. The mining company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02), Zacks reports. The company had revenue of $584.90 million for the quarter, compared to analyst estimates of $588.28 million. Hudbay Minerals had a net margin of 4.23% and a return on equity of 7.44%. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.20 earnings per share.

Hudbay Minerals Stock Performance

Shares of Hudbay Minerals stock opened at $7.86 on Thursday. The firm has a fifty day moving average of $8.56 and a two-hundred day moving average of $8.54. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 34.07 and a beta of 1.74. Hudbay Minerals has a 52 week low of $5.22 and a 52 week high of $10.49. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.47 and a current ratio of 1.86.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Hudbay Minerals from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $11.17.

About Hudbay Minerals

Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.