HudBay Minerals FY2025 EPS Forecast Lowered by Desjardins

HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) – Investment analysts at Desjardins reduced their FY2025 EPS estimates for shares of HudBay Minerals in a note issued to investors on Wednesday, November 12th. Desjardins analyst B. Adams now anticipates that the mining company will earn $0.77 per share for the year, down from their prior estimate of $0.83. The consensus estimate for HudBay Minerals’ current full-year earnings is $0.79 per share. Desjardins also issued estimates for HudBay Minerals’ FY2027 earnings at $1.12 EPS.

Several other research analysts have also recently weighed in on HBM. Bank of America increased their price objective on HudBay Minerals from $16.50 to $19.50 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Zacks Research lowered shares of HudBay Minerals from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 11th. Wall Street Zen downgraded shares of HudBay Minerals from a “buy” rating to a “hold” rating in a report on Saturday. Royal Bank Of Canada restated an “outperform” rating on shares of HudBay Minerals in a research report on Monday. Finally, Scotiabank reiterated an “outperform” rating on shares of HudBay Minerals in a research report on Tuesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $19.50.

HudBay Minerals Stock Performance

NYSE:HBM opened at $15.36 on Monday. The stock has a 50 day simple moving average of $15.40 and a 200 day simple moving average of $11.86. The stock has a market cap of $6.09 billion, a P/E ratio of 21.05 and a beta of 1.58. HudBay Minerals has a 1-year low of $5.95 and a 1-year high of $17.73. 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 (NYSE:HBM) (TSE:HBM) last issued its quarterly earnings data on Wednesday, November 12th. The mining company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). HudBay Minerals had a return on equity of 10.73% and a net margin of 13.13%.The firm had revenue of $346.80 million for the quarter, compared to the consensus estimate of $538.16 million. During the same quarter in the prior year, the firm earned $0.13 EPS. The company’s revenue was down 28.6% on a year-over-year basis.

Hedge Funds Weigh In On HudBay Minerals

Several hedge funds have recently bought and sold shares of HBM. SBI Securities Co. Ltd. lifted its holdings in shares of HudBay Minerals by 64.6% during the 1st quarter. SBI Securities Co. Ltd. now owns 3,773 shares of the mining company’s stock worth $29,000 after acquiring an additional 1,481 shares during the period. Banque Cantonale Vaudoise acquired a new position in HudBay Minerals during the first quarter valued at approximately $33,000. Quarry LP bought a new stake in HudBay Minerals during the third quarter worth $38,000. Global Retirement Partners LLC acquired a new stake in shares of HudBay Minerals in the 3rd quarter valued at $45,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of HudBay Minerals by 131.6% in the 1st quarter. Jones Financial Companies Lllp now owns 6,570 shares of the mining company’s stock valued at $50,000 after purchasing an additional 3,733 shares in the last quarter. 57.82% of the stock is owned by institutional investors.

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.