Analysts expect that Hudbay Minerals Inc (NYSE:HBM) (TSE:HBM) will report $319.61 million in sales for the current quarter, Zacks Investment Research reports. Nine analysts have made estimates for Hudbay Minerals’ earnings, with the highest sales estimate coming in at $390.00 million and the lowest estimate coming in at $272.40 million. Hudbay Minerals posted sales of $414.14 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 22.8%. The company is scheduled to report its next earnings report after the market closes on Tuesday, February 19th.
On average, analysts expect that Hudbay Minerals will report full-year sales of $1.44 billion for the current financial year, with estimates ranging from $1.39 billion to $1.51 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.29 billion, with estimates ranging from $1.09 billion to $1.39 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Hudbay Minerals.
Several research firms have recently commented on HBM. Raymond James reiterated a “buy” rating on shares of Hudbay Minerals in a research note on Friday, November 2nd. ValuEngine upgraded Hudbay Minerals from a “sell” rating to a “hold” rating in a research note on Tuesday, January 22nd. Zacks Investment Research cut Hudbay Minerals from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. CIBC reiterated a “neutral” rating on shares of Hudbay Minerals in a research note on Sunday, January 20th. Finally, Royal Bank of Canada cut Hudbay Minerals from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, December 12th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Hudbay Minerals has a consensus rating of “Buy” and a consensus price target of $6.92.
Hudbay Minerals stock opened at $5.99 on Tuesday. The company has a market cap of $1.57 billion, a PE ratio of 10.51 and a beta of 2.83. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.44 and a quick ratio of 1.98. Hudbay Minerals has a 52 week low of $3.44 and a 52 week high of $8.85.
Hudbay Minerals Company Profile
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 four polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru; and a copper project in Arizona, the United States.
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