Hudbay Minerals Q4 EPS Forecast Lowered by Raymond James

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) – Research analysts at Raymond James decreased their Q4 2024 earnings per share estimates for shares of Hudbay Minerals in a note issued to investors on Thursday, February 6th. Raymond James analyst F. Hamed now forecasts that the mining company will post earnings per share of $0.19 for the quarter, down from their prior estimate of $0.27. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.48 per share.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last released its quarterly earnings results on Wednesday, November 13th. The mining company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.09. Hudbay Minerals had a return on equity of 7.44% and a net margin of 4.23%. The business had revenue of $485.80 million for the quarter, compared to the consensus estimate of $454.47 million. During the same quarter last year, the business posted $0.07 earnings per share. The company’s revenue for the quarter was up 1.1% on a year-over-year basis.

Separately, StockNews.com raised shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a report on Friday. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $11.17.

Hudbay Minerals Stock Up 2.6 %

Shares of NYSE HBM opened at $9.59 on Monday. The stock has a market capitalization of $3.79 billion, a P/E ratio of 41.68 and a beta of 1.74. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.86 and a quick ratio of 1.47. Hudbay Minerals has a one year low of $4.94 and a one year high of $10.49. The firm’s 50 day simple moving average is $8.60 and its two-hundred day simple moving average is $8.49.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in HBM. First Affirmative Financial Network purchased a new stake in Hudbay Minerals during the 3rd quarter valued at $103,000. Exchange Traded Concepts LLC purchased a new stake in shares of Hudbay Minerals during the third quarter worth about $53,000. Oliver Luxxe Assets LLC purchased a new stake in shares of Hudbay Minerals during the third quarter worth about $1,187,000. Creative Planning increased its holdings in Hudbay Minerals by 37.1% during the 3rd quarter. Creative Planning now owns 29,142 shares of the mining company’s stock valued at $268,000 after purchasing an additional 7,881 shares during the period. Finally, Vontobel Holding Ltd. raised its position in Hudbay Minerals by 22.3% during the 3rd quarter. Vontobel Holding Ltd. now owns 200,838 shares of the mining company’s stock valued at $1,847,000 after purchasing an additional 36,657 shares during the last quarter. 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.