Stifel Canada Lowers Earnings Estimates for Hudbay Minerals

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) – Equities research analysts at Stifel Canada cut their FY2025 earnings per share estimates for Hudbay Minerals in a research note issued on Thursday, January 23rd. Stifel Canada analyst C. Mcgill now anticipates that the mining company will post earnings per share of $1.03 for the year, down from their previous forecast of $1.05. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.54 per share.

Separately, StockNews.com downgraded shares of Hudbay Minerals from a “buy” rating to a “hold” rating in a report on Wednesday. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Hudbay Minerals currently has a consensus rating of “Buy” and a consensus target price of $11.17.

Hudbay Minerals Trading Up 1.5 %

NYSE:HBM opened at $8.60 on Friday. The company’s 50 day moving average is $8.67 and its 200-day moving average is $8.49. The company has a quick ratio of 1.47, a current ratio of 1.86 and a debt-to-equity ratio of 0.44. Hudbay Minerals has a 12 month low of $4.94 and a 12 month high of $10.49. The firm has a market cap of $3.39 billion, a price-to-earnings ratio of 37.37 and a beta of 1.76.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last issued its quarterly earnings data on Wednesday, November 13th. The mining company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.09. The business had revenue of $485.80 million for the quarter, compared to analyst estimates of $454.47 million. Hudbay Minerals had a return on equity of 7.44% and a net margin of 4.23%. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.07 EPS.

Institutional Trading of Hudbay Minerals

Hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake in shares of Hudbay Minerals by 24.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,545,340 shares of the mining company’s stock valued at $32,084,000 after purchasing an additional 702,170 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Hudbay Minerals by 12.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 67,886 shares of the mining company’s stock worth $614,000 after acquiring an additional 7,387 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Hudbay Minerals in the 2nd quarter valued at about $131,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Hudbay Minerals by 444.3% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,244,192 shares of the mining company’s stock worth $11,261,000 after buying an additional 1,015,607 shares during the period. Finally, Toronto Dominion Bank raised its stake in shares of Hudbay Minerals by 27.1% during the second quarter. Toronto Dominion Bank now owns 56,584 shares of the mining company’s stock worth $512,000 after buying an additional 12,082 shares during the last quarter. 57.82% of the stock is owned by institutional investors.

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.