Stifel Canada Cuts Earnings Estimates for Hudbay Minerals

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) – Research analysts at Stifel Canada reduced their FY2025 EPS estimates for Hudbay Minerals in a research note issued to investors on Thursday, January 23rd. Stifel Canada analyst C. Mcgill now forecasts that the mining company will earn $1.03 per share for the year, down from their previous estimate of $1.05. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.54 per share.

Separately, StockNews.com lowered Hudbay Minerals from a “buy” rating to a “hold” rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $11.17.

Hudbay Minerals Trading Up 0.4 %

NYSE:HBM opened at $8.47 on Friday. Hudbay Minerals has a one year low of $4.94 and a one year high of $10.49. The business’s 50-day simple moving average is $8.67 and its 200 day simple moving average is $8.50. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.47 and a current ratio of 1.86. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 36.81 and a beta of 1.76.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last issued its quarterly earnings data on Wednesday, November 13th. The mining company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.09. The firm had revenue of $485.80 million for the quarter, compared to analyst estimates of $454.47 million. Hudbay Minerals had a net margin of 4.23% and a return on equity of 7.44%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.07 EPS.

Institutional Investors Weigh In On Hudbay Minerals

A number of institutional investors have recently made changes to their positions in the company. Cinctive Capital Management LP boosted its holdings in Hudbay Minerals by 39.7% in the third quarter. Cinctive Capital Management LP now owns 410,669 shares of the mining company’s stock worth $3,777,000 after purchasing an additional 116,732 shares during the period. Bank of Montreal Can boosted its holdings in shares of Hudbay Minerals by 23.1% in the 3rd quarter. Bank of Montreal Can now owns 7,691,519 shares of the mining company’s stock valued at $71,308,000 after buying an additional 1,441,991 shares during the period. Toronto Dominion Bank grew its position in shares of Hudbay Minerals by 300.9% during the 3rd quarter. Toronto Dominion Bank now owns 226,841 shares of the mining company’s stock valued at $2,085,000 after buying an additional 170,257 shares during the last quarter. Artemis Investment Management LLP acquired a new stake in Hudbay Minerals during the third quarter worth about $20,907,000. Finally, Driehaus Capital Management LLC bought a new position in Hudbay Minerals in the second quarter worth about $14,718,000. 57.82% of the stock is currently 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.