Hudbay Minerals (NYSE:HBM) Stock Rating Upgraded by StockNews.com

Hudbay Minerals (NYSE:HBMGet Free Report) (TSE:HBM) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Thursday.

Hudbay Minerals Trading Up 3.3 %

NYSE:HBM opened at $8.26 on Thursday. The company has a market cap of $3.26 billion, a PE ratio of 35.93 and a beta of 1.76. The company has a current ratio of 1.86, a quick ratio of 1.47 and a debt-to-equity ratio of 0.44. Hudbay Minerals has a 12 month low of $4.94 and a 12 month high of $10.49. The company has a 50 day simple moving average of $8.62 and a two-hundred day simple moving average of $8.47.

Hudbay Minerals (NYSE:HBMGet Free Report) (TSE:HBM) last issued its quarterly earnings results on Wednesday, November 13th. The mining company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.09. The business had revenue of $485.80 million for the quarter, compared to analysts’ expectations of $454.47 million. Hudbay Minerals had a net margin of 4.23% and a return on equity of 7.44%. The company’s revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.07 EPS. Research analysts forecast that Hudbay Minerals will post 0.54 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Prospera Private Wealth LLC purchased a new stake in Hudbay Minerals in the 3rd quarter worth $28,000. Exchange Traded Concepts LLC bought a new stake in Hudbay Minerals during the third quarter worth approximately $53,000. Clear Harbor Asset Management LLC purchased a new stake in Hudbay Minerals during the third quarter valued at approximately $92,000. First Affirmative Financial Network purchased a new stake in Hudbay Minerals during the 3rd quarter valued at $103,000. Finally, Algert Global LLC bought a new stake in Hudbay Minerals in the second quarter worth $111,000. Institutional investors own 57.82% of the company’s stock.

About Hudbay Minerals

(Get Free Report)

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.

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Analyst Recommendations for Hudbay Minerals (NYSE:HBM)

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