Q1 2019 EPS Estimates for Hudbay Minerals Inc (HBM) Raised by Analyst

Hudbay Minerals Inc (NYSE:HBM) (TSE:HBM) – Research analysts at Cormark upped their Q1 2019 earnings estimates for shares of Hudbay Minerals in a research report issued on Monday, March 11th. Cormark analyst S. Ioannou now anticipates that the mining company will post earnings of $0.06 per share for the quarter, up from their prior estimate of $0.05. Cormark also issued estimates for Hudbay Minerals’ Q2 2019 earnings at $0.06 EPS, Q3 2019 earnings at $0.06 EPS, Q4 2019 earnings at $0.06 EPS, FY2019 earnings at $0.24 EPS and FY2020 earnings at $0.30 EPS.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last posted its quarterly earnings results on Tuesday, February 19th. The mining company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. Hudbay Minerals had a net margin of 5.80% and a return on equity of 4.73%. The company had revenue of $351.77 million during the quarter, compared to analyst estimates of $306.75 million. During the same period last year, the firm posted $0.38 EPS. Hudbay Minerals’s revenue for the quarter was down 17.1% compared to the same quarter last year.

Other equities analysts have also issued reports about the stock. Zacks Investment Research raised shares of Hudbay Minerals from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a research report on Wednesday, December 26th. BMO Capital Markets reaffirmed a “buy” rating on shares of Hudbay Minerals in a report on Tuesday, February 19th. ValuEngine raised shares of Hudbay Minerals from a “sell” rating to a “hold” rating in a report on Tuesday, January 22nd. Finally, Canaccord Genuity lowered shares of Hudbay Minerals from a “buy” rating to a “hold” rating in a report on Wednesday, February 20th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $6.92.

HBM opened at $6.88 on Thursday. Hudbay Minerals has a 12-month low of $3.44 and a 12-month high of $7.95. The company has a quick ratio of 2.00, a current ratio of 2.36 and a debt-to-equity ratio of 0.47. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 17.64, a price-to-earnings-growth ratio of 7.19 and a beta of 2.90.

The company also recently announced a Semi-Annual dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 8th will be issued a dividend of $0.008 per share. This represents a dividend yield of 0.24%. The ex-dividend date is Thursday, March 7th. Hudbay Minerals’s dividend payout ratio (DPR) is 5.13%.

Several large investors have recently bought and sold shares of HBM. New York State Common Retirement Fund purchased a new position in shares of Hudbay Minerals during the 4th quarter valued at approximately $33,000. Ramsey Quantitative Systems purchased a new stake in Hudbay Minerals in the 4th quarter worth $60,000. National Asset Management Inc. purchased a new stake in Hudbay Minerals in the 4th quarter worth $60,000. Gotham Asset Management LLC purchased a new stake in Hudbay Minerals in the 4th quarter worth $86,000. Finally, Two Sigma Investments LP purchased a new stake in Hudbay Minerals in the 4th quarter worth $126,000. 63.82% of the stock is owned by hedge funds and other institutional investors.

About Hudbay Minerals

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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Earnings History and Estimates for Hudbay Minerals (NYSE:HBM)

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