Cormark Issues Positive Outlook for Hudbay Minerals Earnings

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) – Investment analysts at Cormark increased their FY2026 earnings per share (EPS) estimates for Hudbay Minerals in a research note issued on Thursday, November 14th. Cormark analyst S. Ioannou now expects that the mining company will post earnings of $0.48 per share for the year, up from their previous forecast of $0.32. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.49 per share.

Several other research analysts have also commented on the company. StockNews.com raised Hudbay Minerals from a “hold” rating to a “buy” rating in a research report on Friday. Stifel Canada raised Hudbay Minerals to a “strong-buy” rating in a research report on Monday, July 22nd. Finally, Jefferies Financial Group raised Hudbay Minerals from a “hold” rating to a “buy” rating in a research report on Wednesday, August 14th. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $11.17.

Hudbay Minerals Trading Down 0.1 %

HBM opened at $8.52 on Monday. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 37.05 and a beta of 1.78. Hudbay Minerals has a 52 week low of $4.27 and a 52 week high of $10.49. The business’s 50 day moving average is $8.79 and its two-hundred day moving average is $8.68. The company has a quick ratio of 1.49, a current ratio of 1.86 and a debt-to-equity ratio of 0.47.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last released its quarterly earnings results on Wednesday, November 13th. The mining company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.04 by $0.09. The company had revenue of $485.80 million for the quarter, compared to analyst estimates of $454.47 million. Hudbay Minerals had a return on equity of 7.68% and a net margin of 4.23%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 earnings per share.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Northwest & Ethical Investments L.P. increased its holdings in shares of Hudbay Minerals by 0.8% in the third quarter. Northwest & Ethical Investments L.P. now owns 197,289 shares of the mining company’s stock valued at $1,815,000 after purchasing an additional 1,487 shares during the period. Van ECK Associates Corp grew its holdings in Hudbay Minerals by 0.4% during the third quarter. Van ECK Associates Corp now owns 451,628 shares of the mining company’s stock worth $4,213,000 after acquiring an additional 1,960 shares during the period. MQS Management LLC grew its holdings in Hudbay Minerals by 8.2% during the third quarter. MQS Management LLC now owns 34,231 shares of the mining company’s stock worth $315,000 after acquiring an additional 2,592 shares during the period. FMR LLC grew its holdings in Hudbay Minerals by 0.7% during the third quarter. FMR LLC now owns 354,392 shares of the mining company’s stock worth $3,260,000 after acquiring an additional 2,624 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Hudbay Minerals by 4.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 74,546 shares of the mining company’s stock worth $674,000 after acquiring an additional 2,905 shares during the period. Institutional investors and hedge funds 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.