Northland Securities Forecasts Stronger Earnings for Hut 8

Hut 8 Corp. (TSE:HUT) – Investment analysts at Northland Securities increased their FY2026 earnings per share estimates for Hut 8 in a research report issued to clients and investors on Wednesday, November 4th. Northland Securities analyst M. Grondahl now forecasts that the company will earn ($0.19) per share for the year, up from their prior forecast of ($3.36). The consensus estimate for Hut 8’s current full-year earnings is $0.56 per share. Northland Securities also issued estimates for Hut 8’s Q4 2026 earnings at ($1.34) EPS.

A number of other analysts also recently issued reports on the company. Wells Fargo & Company upgraded Hut 8 to a “strong-buy” rating in a research report on Thursday, September 17th. Maxim Group upgraded shares of Hut 8 to a “strong-buy” rating in a research report on Wednesday, August 5th. Roth Capital raised shares of Hut 8 to a “strong-buy” rating in a research note on Wednesday, October 7th. Freedom Capital upgraded shares of Hut 8 to a “strong-buy” rating in a report on Tuesday, August 18th. Finally, UBS Group raised shares of Hut 8 to a “strong-buy” rating in a research note on Wednesday, September 23rd. Eight research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Hut 8 Price Performance

Shares of Hut 8 stock opened at C$80.42 on Monday. The stock has a market cap of C$9.65 billion, a price-to-earnings ratio of -17.15 and a beta of 4.58. The company has a debt-to-equity ratio of 16.38, a quick ratio of 1.25 and a current ratio of 9.48. The stock has a 50 day moving average price of C$113.05 and a 200-day moving average price of C$114.45. Hut 8 has a one year low of C$44.82 and a one year high of C$194.28.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Hut 8 stock. Dockside LLC bought a new stake in shares of Hut 8 Corp. (TSE:HUT) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,252 shares of the company’s stock, valued at approximately $722,000. Institutional investors and hedge funds own 43.10% of the company’s stock.

Hut 8 Company Profile

Hut 8 Mining Corp is North America’s innovation-focused digital asset miner. Located in energy-rich Alberta, Canada. Hut 8 has one of the highest installed capacity rates in the industry and holds more self-mined bitcoin than any crypto miner or publicly-traded company globally. It is executing on its commitment to mining and holding bitcoin and has a diversified business and revenue strategy to grow and protect shareholder value regardless of bitcoin’s market direction.