Hudbay Minerals Q4 EPS Raised by National Bank Financial

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) – Equities research analysts at National Bank Financial boosted their Q4 2024 earnings per share (EPS) estimates for shares of Hudbay Minerals in a note issued to investors on Wednesday, November 13th. National Bank Financial analyst S. Nagle now expects that the mining company will earn $0.18 per share for the quarter, up from their previous forecast of $0.05. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.49 per share. National Bank Financial also issued estimates for Hudbay Minerals’ Q1 2025 earnings at $0.20 EPS and FY2026 earnings at $0.46 EPS.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last posted its quarterly earnings results on Wednesday, November 13th. The mining company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.09. The firm had revenue of $485.80 million for the quarter, compared to the consensus estimate of $454.47 million. Hudbay Minerals had a net margin of 4.23% and a return on equity of 7.68%. The business’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.07 earnings per share.

A number of other equities research analysts also recently weighed in on HBM. StockNews.com raised Hudbay Minerals from a “hold” rating to a “buy” rating in a report on Friday. Stifel Canada upgraded Hudbay Minerals to a “strong-buy” rating in a research report on Monday, July 22nd. Finally, Jefferies Financial Group upgraded Hudbay Minerals from a “hold” rating to a “buy” rating in a research note on Wednesday, August 14th. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $11.17.

Hudbay Minerals Stock Performance

NYSE HBM opened at $8.52 on Monday. Hudbay Minerals has a twelve month low of $4.27 and a twelve month high of $10.49. The company has a quick ratio of 1.49, a current ratio of 1.86 and a debt-to-equity ratio of 0.47. The stock has a market cap of $3.35 billion, a P/E ratio of 37.05 and a beta of 1.78. The company’s 50-day simple moving average is $8.79 and its 200 day simple moving average is $8.68.

Institutional Investors Weigh In On Hudbay Minerals

A number of hedge funds and other institutional investors have recently bought and sold shares of HBM. Mountaineer Partners Management LLC increased its position in Hudbay Minerals by 792.5% in the 3rd quarter. Mountaineer Partners Management LLC now owns 10,323,605 shares of the mining company’s stock valued at $94,874,000 after acquiring an additional 9,166,952 shares in the last quarter. Regal Partners Ltd bought a new position in Hudbay Minerals in the 2nd quarter worth approximately $22,956,000. Artemis Investment Management LLP bought a new position in Hudbay Minerals in the 3rd quarter worth approximately $20,907,000. TD Asset Management Inc lifted its holdings in Hudbay Minerals by 199.4% during the 2nd quarter. TD Asset Management Inc now owns 2,906,301 shares of the mining company’s stock worth $26,294,000 after buying an additional 1,935,709 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its position in Hudbay Minerals by 2,521.9% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,752,685 shares of the mining company’s stock valued at $15,861,000 after buying an additional 1,685,836 shares during the last quarter. 57.82% of the stock is owned by institutional investors and hedge funds.

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.