Hudbay Minerals Reports Earnings Results, Falls Short of Estimates

Hudbay Minerals (NYSE: HBM) released its quarterly earnings report on Wednesday. The mining company announced earnings of $0.18 per share for the quarter, falling short of the analysts' consensus estimate of $0.20 by $0.02. This performance was highlighted by a net margin of 4.23% and a return on equity of 7.44%.

Hudbay Minerals Stock Performance

On Wednesday, Hudbay Minerals opened trading at $8.95. Over the past year, the company’s stock has seen significant fluctuations, hitting a low of $5.22 and reaching a high of $10.49. With a market capitalization of $3.53 billion, its current price-to-earnings ratio stands at 38.89, demonstrating a beta of 1.74, indicating a higher level of volatility compared to the market. The company's current ratio is 1.86, while the quick ratio is 1.47, and its debt-to-equity ratio is 0.44. The fifty-day simple moving average is $8.60, and the 200-day average is $8.54.

Analyst Ratings Overview

In a separate development, StockNews.com upgraded Hudbay Minerals from a 'hold' rating to a 'buy' rating on February 7th. Currently, five equity research analysts have given the stock a buy rating, while two have assigned a strong buy rating. MarketBeat reports that Hudbay Minerals holds a consensus rating of 'Buy', with an average price target of $11.17.

Company Profile

Hudbay Minerals Inc is a diversified mining company primarily engaged in the exploration, development, and operation of properties in North and South America. The company produces various mineral concentrates including copper containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; and silver/gold doré.

This article is based on data synthesized from financial reports and other relevant sources, providing a clear and concise overview of Hudbay Minerals’ recent earnings performance.

Hudbay, Minerals, Earnings