FY2025 EPS Estimates for Hudbay Minerals Cut by Analyst

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) – Equities researchers at National Bank Financial dropped their FY2025 EPS estimates for shares of Hudbay Minerals in a note issued to investors on Tuesday, February 4th. National Bank Financial analyst S. Nagle now expects 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 results on Wednesday, November 13th. The mining company reported $0.13 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $454.47 million. During the same period last year, the firm earned $0.07 earnings per share. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year.

Separately, StockNews.com raised 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 assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $11.17.

Hudbay Minerals Stock Performance

Hudbay Minerals stock opened at $8.84 on Thursday. The company has a fifty day moving average price of $8.57 and a two-hundred day moving average price of $8.46. 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 12 month low of $4.94 and a 12 month high of $10.49. The company has a market cap of $3.49 billion, a PE ratio of 38.41 and a beta of 1.74.

Institutional Trading of Hudbay Minerals

Hedge funds have recently bought and sold shares of the company. Plato Investment Management Ltd bought a new position in Hudbay Minerals in the 4th quarter worth about $95,000. U S Global Investors Inc. grew its stake in shares of Hudbay Minerals by 50.0% in the fourth quarter. U S Global Investors Inc. now owns 75,000 shares of the mining company’s stock worth $608,000 after purchasing an additional 25,000 shares in the last quarter. Sprott Inc. lifted its stake in shares of Hudbay Minerals by 3.5% in the 4th quarter. Sprott Inc. now owns 63,662 shares of the mining company’s stock worth $516,000 after acquiring an additional 2,162 shares during the period. Todd Asset Management LLC boosted its holdings in shares of Hudbay Minerals by 31.2% in the fourth quarter. Todd Asset Management LLC now owns 395,700 shares of the mining company’s stock valued at $3,205,000 after acquiring an additional 94,200 shares in the last quarter. Finally, CIBC Asset Management Inc raised its holdings in Hudbay Minerals by 4.7% during the fourth quarter. CIBC Asset Management Inc now owns 505,598 shares of the mining company’s stock worth $4,092,000 after purchasing an additional 22,559 shares in the last quarter. 57.82% of the stock is currently owned by institutional investors.

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.