Hudbay Minerals (NYSE:HBM) Announces Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Hudbay Minerals (NYSE:HBM) (TSE:HBM) posted its quarterly earnings results on Wednesday. The mining company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02), Zacks reports. Hudbay Minerals had a return on equity of 7.29% and a net margin of 3.80%. The company had revenue of $584.90 million for the quarter, compared to the consensus estimate of $588.28 million. During the same quarter in the previous year, the business earned $0.20 earnings per share. Hudbay Minerals’s revenue was down 2.9% compared to the same quarter last year.

Hudbay Minerals Trading Down 4.1 %

Shares of HBM stock traded down $0.32 during trading hours on Friday, reaching $7.30. The company’s stock had a trading volume of 2,425,925 shares, compared to its average volume of 6,312,256. The stock has a market capitalization of $2.88 billion, a P/E ratio of 40.59 and a beta of 1.74. Hudbay Minerals has a one year low of $5.22 and a one year high of $10.49. The firm’s fifty day simple moving average is $8.53 and its 200 day simple moving average is $8.53. 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 Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, March 21st. Stockholders of record on Tuesday, March 4th will be given a $0.007 dividend. This is a positive change from Hudbay Minerals’s previous semi-annual dividend of $0.01. This represents a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, March 4th. Hudbay Minerals’s dividend payout ratio (DPR) is currently 5.56%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Hudbay Minerals from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $11.17.

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.