Hudbay Minerals (NYSE:HBM – Get 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:HBM – Get 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
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.
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