Hudbay Minerals (TSE:HBM) Issues Quarterly Earnings Results

Hudbay Minerals (TSE:HBM) (NYSE:HBM) released its quarterly earnings results on Thursday. The mining company reported C$0.48 EPS for the quarter, FiscalAI reports. The company had revenue of C$1.09 billion during the quarter. Hudbay Minerals had a return on equity of 18.41% and a net margin of 27.22%.

Hudbay Minerals Stock Down 1.4%

Hudbay Minerals stock opened at C$30.80 on Friday. The company has a debt-to-equity ratio of 19.04, a quick ratio of 0.85 and a current ratio of 2.24. The business’s 50-day simple moving average is C$35.02 and its two-hundred day simple moving average is C$34.41. The company has a market cap of C$13.68 billion, a PE ratio of 18.92, a PEG ratio of 3.97 and a beta of 2.22. Hudbay Minerals has a fifty-two week low of C$20.26 and a fifty-two week high of C$44.48.

Hudbay Minerals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 25th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.1%. The ex-dividend date was Tuesday, September 8th. Hudbay Minerals’s payout ratio is presently 1.32%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on HBM shares. Barclays boosted their price target on Hudbay Minerals from C$41.00 to C$45.00 in a research note on Thursday, July 16th. BMO Capital Markets decreased their price objective on shares of Hudbay Minerals from C$46.00 to C$44.00 and set an “outperform” rating for the company in a research report on Thursday, July 30th. Canaccord Genuity Group lowered their target price on shares of Hudbay Minerals from C$40.00 to C$39.50 and set a “buy” rating for the company in a research note on Thursday, July 30th. Royal Bank Of Canada boosted their target price on shares of Hudbay Minerals from C$40.00 to C$48.00 in a research report on Wednesday, September 16th. Finally, Stifel Nicolaus upped their price target on shares of Hudbay Minerals from C$41.00 to C$43.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$42.58.

About Hudbay Minerals

Hudbay (TSX, NYSE: HBM) is a copper-focused critical minerals mining company with three long-life operations and a world-class pipeline of copper growth projects in tier-one mining jurisdictions of Canada, Peru and the United States. Hudbay’s operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the Company, which is complemented by meaningful gold production and by-product zinc, silver and molybdenum.