FY2025 EPS Forecast for Hudbay Minerals Reduced by Analyst

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) – Analysts at Raymond James cut their FY2025 earnings estimates for Hudbay Minerals in a note issued to investors on Tuesday, March 4th. Raymond James analyst F. Hamed now expects that the mining company will post earnings of $0.64 per share for the year, down from their previous forecast of $0.84. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.79 per share.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last posted its quarterly earnings results on Wednesday, February 19th. The mining company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). The business had revenue of $584.90 million during the quarter, compared to analyst estimates of $588.28 million. Hudbay Minerals had a return on equity of 7.29% and a net margin of 3.80%. The business’s revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.20 EPS.

Separately, StockNews.com raised shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $11.17.

Hudbay Minerals Price Performance

Hudbay Minerals stock opened at $6.97 on Friday. The stock has a market cap of $2.75 billion, a P/E ratio of 38.70 and a beta of 1.72. The company has a fifty day simple moving average of $8.31 and a 200-day simple moving average of $8.52. Hudbay Minerals has a 12-month low of $6.20 and a 12-month high of $10.49. The company has a current ratio of 1.86, a quick ratio of 1.47 and a debt-to-equity ratio of 0.44.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Polar Asset Management Partners Inc. increased its stake in Hudbay Minerals by 121.7% in the fourth quarter. Polar Asset Management Partners Inc. now owns 1,694,700 shares of the mining company’s stock valued at $13,550,000 after purchasing an additional 930,300 shares during the period. Public Employees Retirement System of Ohio increased its stake in Hudbay Minerals by 83.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 224,070 shares of the mining company’s stock valued at $1,817,000 after purchasing an additional 102,179 shares during the period. Vise Technologies Inc. acquired a new position in Hudbay Minerals in the fourth quarter valued at $193,000. Woodline Partners LP increased its stake in Hudbay Minerals by 216.5% in the fourth quarter. Woodline Partners LP now owns 2,124,494 shares of the mining company’s stock valued at $17,208,000 after purchasing an additional 1,453,173 shares during the period. Finally, Two Sigma Advisers LP increased its stake in shares of Hudbay Minerals by 12.6% during the fourth quarter. Two Sigma Advisers LP now owns 783,146 shares of the mining company’s stock worth $6,343,000 after acquiring an additional 87,500 shares during the period. 57.82% of the stock is currently owned by institutional investors and hedge funds.

Hudbay Minerals Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, March 21st. Shareholders of record on Tuesday, March 4th will be paid a $0.007 dividend. The ex-dividend date is Tuesday, March 4th. This is a positive change from Hudbay Minerals’s previous semi-annual dividend of $0.01. This represents a yield of 0.2%. Hudbay Minerals’s payout ratio is currently 5.56%.

Hudbay Minerals Company Profile

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.