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

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

Hudbay Minerals Price Performance

NYSE HBM traded down $0.32 on Friday, reaching $7.30. 2,425,925 shares of the company’s stock traded hands, compared to its average volume of 6,312,256. The stock has a market cap of $2.88 billion, a PE ratio of 40.59 and a beta of 1.74. Hudbay Minerals has a 12 month low of $5.22 and a 12 month high of $10.49. The stock has a 50-day simple moving average of $8.53 and a 200 day simple moving average of $8.53. 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 Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, March 21st. Investors of record on Tuesday, March 4th will be given a $0.007 dividend. This is an increase from Hudbay Minerals’s previous semi-annual dividend of $0.01. The ex-dividend date is Tuesday, March 4th. This represents a yield of 0.2%. Hudbay Minerals’s payout ratio is presently 5.56%.

Wall Street Analyst Weigh In

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

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.