Media stories about Hudbay Minerals (TSE:HBM) (NYSE:HBM) have been trending negative on Saturday, InfoTrie reports. The research firm identifies positive and negative news coverage by reviewing more than 6,000 news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Hudbay Minerals earned a coverage optimism score of -2.00 on their scale. InfoTrie also assigned news stories about the mining company an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company’s share price in the next several days.
Hudbay Minerals stock opened at C$5.02 on Friday. The stock has a market cap of $1.33 billion and a P/E ratio of -27.14. The company has a current ratio of 2.31, a quick ratio of 1.78 and a debt-to-equity ratio of 49.69. The stock has a 50 day moving average of C$4.80 and a 200-day moving average of C$6.09. Hudbay Minerals has a 52 week low of C$3.98 and a 52 week high of C$10.42.
Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released its earnings results on Thursday, August 8th. The mining company reported C($0.06) EPS for the quarter. The firm had revenue of C$440.65 million during the quarter, compared to the consensus estimate of C$411.53 million. As a group, equities analysts predict that Hudbay Minerals will post 0.08 earnings per share for the current fiscal year.
A number of equities analysts have weighed in on the company. Haywood Securities decreased their price target on Hudbay Minerals from C$9.00 to C$8.00 in a report on Tuesday, August 6th. BMO Capital Markets decreased their price target on Hudbay Minerals from C$10.00 to C$8.50 in a report on Thursday, September 26th. Cormark decreased their price target on Hudbay Minerals from C$11.50 to C$9.00 in a report on Tuesday, July 23rd. Royal Bank of Canada decreased their price target on Hudbay Minerals from C$9.00 to C$8.00 in a report on Friday, August 2nd. Finally, Bank of America cut Hudbay Minerals from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from C$8.00 to C$4.00 in a report on Friday, August 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of C$7.31.
In other Hudbay Minerals news, Senior Officer Eugene Chi-Yen Lei bought 5,000 shares of Hudbay Minerals stock in a transaction dated Friday, September 13th. The stock was bought at an average cost of C$5.26 per share, for a total transaction of C$26,300.00. Following the purchase, the insider now owns 91,941 shares in the company, valued at approximately C$483,609.66.
Hudbay Minerals Company Profile
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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