Hudbay Minerals (NYSE:HBM) Upgraded at Stifel Canada

Stifel Canada upgraded shares of Hudbay Minerals (NYSE:HBM) (TSE:HBM) to a strong-buy rating in a research report report published on Wednesday,Zacks.com reports. Stifel Canada also issued estimates for Hudbay Minerals’ FY2025 earnings at $0.55 EPS, FY2026 earnings at $0.57 EPS, FY2027 earnings at $0.47 EPS, FY2028 earnings at $0.66 EPS and FY2029 earnings at $0.95 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. Four analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Hudbay Minerals currently has a consensus rating of “Buy” and a consensus price target of $11.50.

Hudbay Minerals Trading Down 2.1 %

NYSE:HBM opened at $8.15 on Wednesday. The company has a current ratio of 1.86, a quick ratio of 1.47 and a debt-to-equity ratio of 0.44. Hudbay Minerals has a 12 month low of $6.42 and a 12 month high of $10.49. The company has a market cap of $3.22 billion, a PE ratio of 45.25 and a beta of 1.72. The company has a 50 day simple moving average of $8.13 and a two-hundred day simple moving average of $8.49.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last posted its earnings results on Wednesday, February 19th. The mining company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). Hudbay Minerals had a return on equity of 7.29% and a net margin of 3.80%. The company had revenue of $584.90 million during the quarter, compared to the consensus estimate of $588.28 million. During the same period last year, the firm posted $0.20 EPS. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. Research analysts forecast that Hudbay Minerals will post 0.79 earnings per share for the current year.

Hudbay Minerals Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, March 4th were given a dividend of $0.007 per share. This is an increase from Hudbay Minerals’s previous semi-annual dividend of $0.01. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a dividend yield of 0.2%. Hudbay Minerals’s payout ratio is presently 5.56%.

Institutional Investors Weigh In On Hudbay Minerals

A number of hedge funds have recently modified their holdings of the business. Polar Asset Management Partners Inc. grew its position in shares of Hudbay Minerals by 121.7% during the 4th quarter. Polar Asset Management Partners Inc. now owns 1,694,700 shares of the mining company’s stock valued at $13,550,000 after acquiring an additional 930,300 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in Hudbay Minerals by 83.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 224,070 shares of the mining company’s stock worth $1,817,000 after buying an additional 102,179 shares during the period. Vise Technologies Inc. bought a new position in Hudbay Minerals in the 4th quarter worth $193,000. Woodline Partners LP boosted its holdings in Hudbay Minerals by 216.5% in the 4th quarter. Woodline Partners LP now owns 2,124,494 shares of the mining company’s stock worth $17,208,000 after buying an additional 1,453,173 shares during the period. Finally, Two Sigma Advisers LP boosted its holdings in Hudbay Minerals by 12.6% in the 4th quarter. Two Sigma Advisers LP now owns 783,146 shares of the mining company’s stock worth $6,343,000 after buying an additional 87,500 shares during the period. Institutional investors own 57.82% of the company’s stock.

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.