In the latest earnings report the EPS was $0.04 and is expected to be $0.44 for the current year with 237,271,000 shares outstanding. National Bank Financial also issued estimates for Hudbay Minerals' Q2 2017 earnings at $0.19 EPS, FY2017 earnings at $0.58 EPS and FY2018 earnings at $0.93 EPS.
HBM has been the topic of a number of other reports.
On June 3 the company was upgraded from "Neutral" to "Buy" in a report issued by Bank of America. On January 14 the company was downgraded to "Underweight" from "Overweight" and a price target of $4.00 was set in a report from Barclays. National Bank Financial upped their price objective on shares of Hudbay Minerals from C$11.00 to C$11.50 and gave the stock an "outperform" rating in a research report on Tuesday. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company's stock. On July 28, 2016 the stock rating was changed to a "Neutral" according to a Credit Suisse report down from the previous " rating. The company presently has a consensus rating of "Hold" and a consensus target price of $8.06.
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HudBay Minerals (NYSE:HBM) traded up 0.67% during mid-day trading on Wednesday, hitting $7.50. With 617,500 shares average volume, it will take short sellers 5 days to cover their HBM's short positions. HudBay Minerals Inc has a 12 month low of $3.57 and a 12 month high of $9.15.
Hudbay Minerals Inc. Ordinary S's P/E ratio is 180.00 and market cap is 1.71B. The firm has a 50 day moving average price of $6.58 and a 200-day moving average price of $6.61. Jumping in to buy stocks on a pullback may seem like a good idea, but following specific sectors may become increasingly more important. Finally, Russell Investments Group Ltd. raised its position in HudBay Minerals by 0.7% in the second quarter. The shares were bought at an average cost of C$5.50 per share, with a total value of C$79,750.00. Advisors Asset Management Inc. raised its position in HudBay Minerals by 13.3% in the second quarter. Insiders have acquired 73,200 shares of company stock worth $407,374 in the last quarter. Institutional investors own 62.84% of the company's stock. Acrospire Investment Management LLC now owns 24,367 shares of the mining company's stock valued at $160,000 after buying an additional 10,789 shares during the period. The company owns four polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru; and a copper project in Arizona, United States.
The firm also recently announced a Semi-Annual dividend, which will be paid on Friday, September 29th. The dividend payment will be $0.005 per share for the quarter or $0.02 on an annualized basis. The ex-dividend date is Thursday, September 7th. This represents a dividend yield of 0.22%. The value of the company's investment in Hudbay Minerals Inc. The Firm is engaged in the production of copper concentrate, consisting of copper, gold and silver, as well as zinc metal.