Analysts Issue Forecasts for Hudbay Minerals FY2025 Earnings

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) – Analysts at National Bank Financial lowered their FY2025 earnings estimates for Hudbay Minerals in a research note issued on Tuesday, February 4th. National Bank Financial analyst S. Nagle now forecasts that the mining company will post earnings of $0.55 per share for the year, down from their previous forecast of $0.68. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.52 per share.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.09. The firm had revenue of $485.80 million during the quarter, compared to analysts’ expectations of $454.47 million. Hudbay Minerals had a return on equity of 7.44% and a net margin of 4.23%. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.07 EPS.

Separately, StockNews.com upgraded shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a report on Thursday, January 30th. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Hudbay Minerals presently has a consensus rating of “Buy” and an average target price of $11.17.

Hudbay Minerals Trading Up 1.6 %

HBM stock opened at $8.97 on Thursday. The company’s 50 day moving average price is $8.58 and its two-hundred day moving average price is $8.47. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.47 and a current ratio of 1.86. Hudbay Minerals has a one year low of $4.94 and a one year high of $10.49. The company has a market capitalization of $3.54 billion, a PE ratio of 38.98 and a beta of 1.74.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in HBM. Prospera Private Wealth LLC purchased a new stake in Hudbay Minerals in the third quarter worth about $28,000. Exchange Traded Concepts LLC bought a new stake in shares of Hudbay Minerals in the third quarter worth approximately $53,000. Clear Harbor Asset Management LLC bought a new position in shares of Hudbay Minerals during the 3rd quarter valued at $92,000. Plato Investment Management Ltd bought a new stake in shares of Hudbay Minerals during the 4th quarter valued at about $95,000. Finally, First Affirmative Financial Network purchased a new position in shares of Hudbay Minerals during the 3rd quarter worth $103,000. Institutional investors own 57.82% of the company’s stock.

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.