Paradigm Capital Weighs in on Hudbay Minerals Inc’s Q1 2019 Earnings (HBM)

Hudbay Minerals Inc (NYSE:HBM) (TSE:HBM) – Equities research analysts at Paradigm Capital issued their Q1 2019 EPS estimates for Hudbay Minerals in a report issued on Wednesday, March 27th, according to Zacks Investment Research. Paradigm Capital analyst J. Woolley expects that the mining company will earn $0.00 per share for the quarter. Paradigm Capital also issued estimates for Hudbay Minerals’ Q2 2019 earnings at $0.00 EPS, Q3 2019 earnings at $0.10 EPS, Q4 2019 earnings at $0.10 EPS, FY2019 earnings at $0.21 EPS, Q1 2020 earnings at $0.16 EPS, Q2 2020 earnings at $0.16 EPS, Q3 2020 earnings at $0.16 EPS, Q4 2020 earnings at $0.16 EPS, FY2020 earnings at $0.63 EPS, FY2021 earnings at $0.69 EPS, FY2022 earnings at $0.63 EPS and FY2023 earnings at $0.63 EPS.

A number of other brokerages also recently commented on HBM. Raymond James downgraded shares of Hudbay Minerals from an “outperform” rating to a “market perform” rating in a report on Thursday, February 21st. BMO Capital Markets reissued a “buy” rating on shares of Hudbay Minerals in a research report on Tuesday, March 5th. Credit Suisse Group raised shares of Hudbay Minerals from a “neutral” rating to an “outperform” rating in a research report on Monday, March 11th. Zacks Investment Research lowered shares of Hudbay Minerals from a “buy” rating to a “hold” rating in a research report on Saturday, February 2nd. Finally, ValuEngine raised shares of Hudbay Minerals from a “sell” rating to a “hold” rating in a research report on Tuesday, January 22nd. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $7.81.

Shares of NYSE:HBM traded down $0.16 during trading on Monday, reaching $6.84. The company’s stock had a trading volume of 918,545 shares, compared to its average volume of 844,835. The company has a current ratio of 2.36, a quick ratio of 2.00 and a debt-to-equity ratio of 0.47. Hudbay Minerals has a 12 month low of $3.44 and a 12 month high of $7.83. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 6.77 and a beta of 2.90.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last released its quarterly earnings data on Tuesday, February 19th. The mining company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.01 by $0.04. Hudbay Minerals had a net margin of 5.80% and a return on equity of 4.73%. The business had revenue of $351.77 million during the quarter, compared to the consensus estimate of $306.75 million. During the same quarter in the prior year, the firm earned $0.38 EPS. The business’s revenue was down 17.1% on a year-over-year basis.

Large investors have recently modified their holdings of the company. Heathbridge Capital Management Ltd. increased its position in shares of Hudbay Minerals by 6.2% during the fourth quarter. Heathbridge Capital Management Ltd. now owns 4,842,500 shares of the mining company’s stock worth $22,930,000 after acquiring an additional 282,600 shares during the period. ETF Managers Group LLC increased its position in shares of Hudbay Minerals by 18.5% during the fourth quarter. ETF Managers Group LLC now owns 391,872 shares of the mining company’s stock worth $1,854,000 after acquiring an additional 61,050 shares during the period. Neuberger Berman Group LLC increased its position in shares of Hudbay Minerals by 140.3% during the third quarter. Neuberger Berman Group LLC now owns 33,356 shares of the mining company’s stock worth $169,000 after acquiring an additional 19,477 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Hudbay Minerals during the fourth quarter worth approximately $2,173,000. Finally, Letko Brosseau & Associates Inc. increased its position in shares of Hudbay Minerals by 13.9% during the fourth quarter. Letko Brosseau & Associates Inc. now owns 36,116,358 shares of the mining company’s stock worth $170,824,000 after acquiring an additional 4,404,357 shares during the period. 66.14% of the stock is currently owned by institutional investors and hedge funds.

The business also recently announced a Semi-Annual dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were given a dividend of $0.008 per share. This represents a dividend yield of 0.24%. The ex-dividend date was Thursday, March 7th. Hudbay Minerals’s dividend payout ratio (DPR) is presently 5.13%.

About Hudbay Minerals

Hudbay Minerals Inc, an integrated mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; and zinc metal. The company owns three polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru; and copper projects in Arizona and Nevada, the United States.

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