Haywood Securities Estimates HudBay Minerals FY2025 Earnings

HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) – Equities researchers at Haywood Securities cut their FY2025 earnings estimates for HudBay Minerals in a research note issued to investors on Tuesday, November 18th. Haywood Securities analyst P. Vaillancourt now expects that the mining company will earn $0.72 per share for the year, down from their previous estimate of $0.90. The consensus estimate for HudBay Minerals’ current full-year earnings is $0.79 per share.

HudBay Minerals (NYSE:HBM) (TSE:HBM) last released its quarterly earnings results on Wednesday, November 12th. The mining company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). The company had revenue of $346.80 million during the quarter, compared to analysts’ expectations of $538.16 million. HudBay Minerals had a return on equity of 10.73% and a net margin of 13.13%.HudBay Minerals’s quarterly revenue was down 28.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.13 EPS.

Other equities research analysts have also issued research reports about the company. Zacks Research lowered HudBay Minerals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 11th. Royal Bank Of Canada restated an “outperform” rating on shares of HudBay Minerals in a research report on Monday. The Goldman Sachs Group started coverage on HudBay Minerals in a research note on Monday, September 8th. They issued a “buy” rating for the company. Weiss Ratings reissued a “buy (b-)” rating on shares of HudBay Minerals in a research note on Wednesday, October 8th. Finally, Scotiabank restated an “outperform” rating on shares of HudBay Minerals in a report on Tuesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $19.50.

HudBay Minerals Stock Performance

NYSE HBM opened at $14.56 on Friday. The company has a market capitalization of $5.77 billion, a P/E ratio of 19.94 and a beta of 1.58. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.86 and a current ratio of 1.03. HudBay Minerals has a 52-week low of $5.95 and a 52-week high of $17.73. The company has a fifty day moving average of $15.50 and a 200-day moving average of $11.95.

Hedge Funds Weigh In On HudBay Minerals

A number of large investors have recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. raised its holdings in HudBay Minerals by 12.1% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,650,409 shares of the mining company’s stock valued at $28,142,000 after buying an additional 285,500 shares during the last quarter. Texas Bank & Trust Co purchased a new position in shares of HudBay Minerals in the second quarter valued at about $273,000. Ausbil Investment Management Ltd increased its position in shares of HudBay Minerals by 71.4% in the second quarter. Ausbil Investment Management Ltd now owns 60,000 shares of the mining company’s stock valued at $635,000 after acquiring an additional 25,000 shares during the period. Acadian Asset Management LLC bought a new position in shares of HudBay Minerals during the second quarter valued at about $15,152,000. Finally, Spark Investment Management LLC purchased a new stake in shares of HudBay Minerals during the second quarter worth about $265,000. 57.82% of the stock is owned by hedge funds and other 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.