FY2025 EPS Estimate for HudBay Minerals Increased by Analyst

HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) – Desjardins raised their FY2025 earnings per share (EPS) estimates for shares of HudBay Minerals in a research report issued to clients and investors on Wednesday, October 1st. Desjardins analyst B. Adams now anticipates that the mining company will earn $0.85 per share for the year, up from their prior forecast of $0.77. The consensus estimate for HudBay Minerals’ current full-year earnings is $0.79 per share.

Other analysts also recently issued research reports about the company. The Goldman Sachs Group started coverage on HudBay Minerals in a research report on Monday, September 8th. They issued a “buy” rating on the stock. CIBC restated an “outperform” rating on shares of HudBay Minerals in a research note on Tuesday, July 15th. Veritas upgraded HudBay Minerals to a “strong-buy” rating in a research note on Monday, July 7th. Royal Bank Of Canada reissued an “outperform” rating on shares of HudBay Minerals in a report on Thursday, August 14th. Finally, National Bankshares reaffirmed an “outperform” rating on shares of HudBay Minerals in a research report on Thursday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

HudBay Minerals Stock Up 0.6%

Shares of HBM stock opened at $15.46 on Friday. The firm’s fifty day moving average price is $11.98 and its two-hundred day moving average price is $9.81. The company has a current ratio of 1.03, a quick ratio of 0.86 and a debt-to-equity ratio of 0.20. HudBay Minerals has a 1 year low of $5.95 and a 1 year high of $15.79. The firm has a market capitalization of $6.12 billion, a P/E ratio of 21.17, a PEG ratio of 0.37 and a beta of 1.54.

HudBay Minerals (NYSE:HBM) (TSE:HBM) last announced its quarterly earnings data on Wednesday, August 13th. The mining company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.08. HudBay Minerals had a net margin of 13.13% and a return on equity of 10.73%. The business had revenue of $536.40 million for the quarter, compared to analyst estimates of $558.21 million. The business’s quarterly revenue was up 26.1% on a year-over-year basis.

Hedge Funds Weigh In On HudBay Minerals

Several institutional investors and hedge funds have recently modified their holdings of the stock. Creative Planning boosted its holdings in shares of HudBay Minerals by 5.4% in the 2nd quarter. Creative Planning now owns 25,067 shares of the mining company’s stock valued at $266,000 after purchasing an additional 1,289 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in HudBay Minerals by 64.6% in the first quarter. SBI Securities Co. Ltd. now owns 3,773 shares of the mining company’s stock valued at $29,000 after buying an additional 1,481 shares in the last quarter. Pacifica Partners Inc. grew its position in HudBay Minerals by 6.7% in the second quarter. Pacifica Partners Inc. now owns 25,921 shares of the mining company’s stock valued at $272,000 after acquiring an additional 1,625 shares during the last quarter. Federated Hermes Inc. raised its stake in HudBay Minerals by 1.4% during the first quarter. Federated Hermes Inc. now owns 126,836 shares of the mining company’s stock worth $963,000 after acquiring an additional 1,794 shares in the last quarter. Finally, Ballentine Partners LLC raised its stake in HudBay Minerals by 10.3% during the second quarter. Ballentine Partners LLC now owns 29,757 shares of the mining company’s stock worth $316,000 after acquiring an additional 2,768 shares in the last quarter. 57.82% of the stock is currently owned by institutional investors and hedge funds.

HudBay Minerals Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, September 19th. Shareholders of record on Tuesday, September 2nd were given a dividend of $0.0073 per share. This represents a yield of 17.0%. This is a positive change from HudBay Minerals’s previous semi-annual dividend of $0.01. The ex-dividend date of this dividend was Tuesday, September 2nd. HudBay Minerals’s dividend payout ratio (DPR) is presently 1.37%.

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.