Brokers Set Expectations for Hudbay Minerals FY2028 Earnings

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) – Stifel Canada cut their FY2028 earnings per share estimates for Hudbay Minerals in a research 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 $1.08 for the year, down from their prior forecast of $1.21. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.55 per share.

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

Hudbay Minerals Stock Performance

Shares of HBM stock opened at $7.91 on Thursday. Hudbay Minerals has a 12-month low of $4.94 and a 12-month high of $10.49. The business’s fifty day simple moving average is $9.03 and its 200-day simple moving average is $8.60. The company has a current ratio of 1.86, a quick ratio of 1.47 and a debt-to-equity ratio of 0.44. The company has a market cap of $3.12 billion, a PE ratio of 34.39 and a beta of 1.77.

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

Institutional Trading of Hudbay Minerals

Several large investors have recently made changes to their positions in HBM. Prospera Private Wealth LLC purchased a new position in Hudbay Minerals during the third quarter valued at $28,000. Exchange Traded Concepts LLC acquired a new position in shares of Hudbay Minerals during the 3rd quarter worth about $53,000. Clear Harbor Asset Management LLC purchased a new position in Hudbay Minerals in the 3rd quarter valued at about $92,000. Ritholtz Wealth Management acquired a new stake in Hudbay Minerals in the 2nd quarter worth about $96,000. Finally, Armistice Capital LLC purchased a new stake in Hudbay Minerals during the 2nd quarter worth approximately $97,000. 57.82% of the stock is owned by hedge funds and other institutional investors.

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.