Analysts Set Hudbay Minerals Inc. (NYSE:HBM) Target Price at $11.17

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) has been given an average rating of “Buy” by the six analysts that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $11.17.

A number of equities research analysts have recently weighed in on HBM shares. Jefferies Financial Group raised Hudbay Minerals from a “hold” rating to a “buy” rating in a report on Wednesday, August 14th. StockNews.com raised Hudbay Minerals from a “hold” rating to a “buy” rating in a report on Friday, November 15th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HBM. Mountaineer Partners Management LLC boosted its stake in shares of Hudbay Minerals by 792.5% during the third quarter. Mountaineer Partners Management LLC now owns 10,323,605 shares of the mining company’s stock valued at $94,874,000 after purchasing an additional 9,166,952 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Hudbay Minerals by 3.2% during the first quarter. Vanguard Group Inc. now owns 8,694,436 shares of the mining company’s stock valued at $60,861,000 after purchasing an additional 272,635 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Hudbay Minerals by 23.1% during the third quarter. Bank of Montreal Can now owns 7,691,519 shares of the mining company’s stock valued at $71,308,000 after purchasing an additional 1,441,991 shares in the last quarter. Donald Smith & CO. Inc. boosted its stake in shares of Hudbay Minerals by 31.9% during the third quarter. Donald Smith & CO. Inc. now owns 3,748,780 shares of the mining company’s stock valued at $34,451,000 after purchasing an additional 906,417 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Hudbay Minerals by 24.7% during the second quarter. Dimensional Fund Advisors LP now owns 3,545,340 shares of the mining company’s stock valued at $32,084,000 after purchasing an additional 702,170 shares in the last quarter. Institutional investors own 57.82% of the company’s stock.

Hudbay Minerals Trading Up 0.8 %

Shares of Hudbay Minerals stock opened at $8.77 on Monday. The business has a fifty day simple moving average of $9.05 and a two-hundred day simple moving average of $8.70. Hudbay Minerals has a 1 year low of $4.34 and a 1 year high of $10.49. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of 38.22 and a beta of 1.78. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.86 and a quick ratio of 1.47.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last announced its quarterly earnings results on Wednesday, November 13th. The mining company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.09. Hudbay Minerals had a return on equity of 7.44% and a net margin of 4.23%. The business had revenue of $485.80 million during the quarter, compared to the consensus estimate of $454.47 million. During the same quarter last year, the firm posted $0.07 EPS. The company’s quarterly revenue was up 1.1% on a year-over-year basis. Research analysts forecast that Hudbay Minerals will post 0.55 EPS for the current year.

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.