Stifel Canada Raises Earnings Estimates for Hudbay Minerals

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) – Analysts at Stifel Canada boosted their Q4 2024 EPS estimates for Hudbay Minerals in a note issued to investors on Monday, December 16th. Stifel Canada analyst C. Mcgill now anticipates that the mining company will post earnings per share of $0.39 for the quarter, up from their previous forecast of $0.38. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.55 per share. Stifel Canada also issued estimates for Hudbay Minerals’ Q1 2025 earnings at $0.31 EPS, Q2 2025 earnings at $0.27 EPS, Q3 2025 earnings at $0.28 EPS, Q4 2025 earnings at $0.19 EPS, FY2025 earnings at $1.05 EPS, FY2026 earnings at $0.96 EPS and FY2027 earnings at $0.94 EPS.

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

Separately, StockNews.com raised shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Hudbay Minerals presently has a consensus rating of “Buy” and a consensus price target of $11.17.

Hudbay Minerals Stock Down 6.2 %

NYSE:HBM opened at $7.84 on Wednesday. The business’s fifty day moving average price is $9.05 and its 200 day moving average price is $8.61. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 34.09 and a beta of 1.77. 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 1-year low of $4.94 and a 1-year high of $10.49.

Institutional Trading of Hudbay Minerals

Institutional investors have recently added to or reduced their stakes in the business. Cinctive Capital Management LP increased its stake in shares of Hudbay Minerals by 39.7% during the 3rd quarter. Cinctive Capital Management LP now owns 410,669 shares of the mining company’s stock worth $3,777,000 after purchasing an additional 116,732 shares during the last quarter. Bank of Montreal Can boosted its holdings in Hudbay Minerals by 23.1% in the third quarter. Bank of Montreal Can now owns 7,691,519 shares of the mining company’s stock worth $71,308,000 after purchasing an additional 1,441,991 shares in the last quarter. Toronto Dominion Bank increased its position in Hudbay Minerals by 300.9% during the third quarter. Toronto Dominion Bank now owns 226,841 shares of the mining company’s stock worth $2,085,000 after buying an additional 170,257 shares during the last quarter. Artemis Investment Management LLP bought a new position in Hudbay Minerals during the third quarter valued at about $20,907,000. Finally, Driehaus Capital Management LLC acquired a new stake in shares of Hudbay Minerals in the second quarter worth about $14,718,000. 57.82% of the stock is currently 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.