Hudbay Minerals (HBM) Scheduled to Post Earnings on Wednesday

Hudbay Minerals (TSE:HBM) (NYSE:HBM) will issue its quarterly earnings data before the market opens on Wednesday, November 13th. Analysts expect the company to announce earnings of C$0.11 per share for the quarter.

Hudbay Minerals Trading Down 6.6 %

Shares of TSE HBM opened at C$12.13 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 1.87 and a debt-to-equity ratio of 49.37. Hudbay Minerals has a 12 month low of C$5.62 and a 12 month high of C$14.33. The company has a market cap of C$4.77 billion, a price-to-earnings ratio of 32.78, a P/E/G ratio of 3.97 and a beta of 1.83. The business has a fifty day simple moving average of C$11.89 and a 200-day simple moving average of C$11.86.

Hudbay Minerals Announces Dividend

The company also recently disclosed a 1 dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, September 20th were paid a dividend of $0.02 per share. This represents a yield of 0.09%. The ex-dividend date of this dividend was Friday, September 20th. Hudbay Minerals’s dividend payout ratio is presently 5.41%.

Wall Street Analysts Forecast Growth

HBM has been the topic of a number of recent analyst reports. Jefferies Financial Group boosted their price target on shares of Hudbay Minerals from C$14.00 to C$15.00 in a report on Friday, October 4th. Royal Bank of Canada decreased their target price on Hudbay Minerals from C$18.00 to C$16.00 and set an “outperform” rating for the company in a research report on Tuesday, September 10th. National Bankshares upped their price target on Hudbay Minerals from C$15.50 to C$16.75 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Stifel Canada upgraded Hudbay Minerals to a “strong-buy” rating in a research report on Monday, July 22nd. Finally, Canaccord Genuity Group dropped their target price on Hudbay Minerals from C$16.00 to C$15.00 in a report on Monday, July 22nd. Twelve equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$15.54.

Hudbay Minerals Company Profile

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.