Q4 EPS Estimates for Hudbay Minerals Raised by Stifel Canada

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) – Equities research analysts at Stifel Canada raised their Q4 2024 earnings estimates for shares of Hudbay Minerals in a note issued to investors on Monday, December 16th. Stifel Canada analyst C. Mcgill now expects that the mining company will post earnings of $0.39 per share for the quarter, up from their previous forecast of $0.38. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.55 per share. Stifel Canada also issued estimates for Hudbay Minerals’ Q1 2025 earnings at $0.31 EPS, Q2 2025 earnings at $0.27 EPS, Q3 2025 earnings at $0.28 EPS, Q4 2025 earnings at $0.19 EPS, FY2025 earnings at $1.05 EPS, FY2026 earnings at $0.96 EPS and FY2027 earnings at $0.94 EPS.

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

Separately, StockNews.com raised Hudbay Minerals from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $11.17.

Hudbay Minerals Stock Down 2.6 %

NYSE:HBM opened at $8.36 on Wednesday. The company has a quick ratio of 1.47, a current ratio of 1.86 and a debt-to-equity ratio of 0.44. Hudbay Minerals has a 12-month low of $4.94 and a 12-month high of $10.49. The stock’s fifty day simple moving average is $9.08 and its 200-day simple moving average is $8.61. The firm has a market capitalization of $3.29 billion, a P/E ratio of 36.35 and a beta of 1.77.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Prospera Private Wealth LLC bought a new position in Hudbay Minerals in the third quarter valued at approximately $28,000. Exchange Traded Concepts LLC bought a new stake in Hudbay Minerals in the 3rd quarter valued at $53,000. Clear Harbor Asset Management LLC acquired a new position in Hudbay Minerals in the 3rd quarter worth $92,000. Ritholtz Wealth Management bought a new position in Hudbay Minerals during the 2nd quarter worth about $96,000. Finally, Armistice Capital LLC acquired a new stake in shares of Hudbay Minerals in the 2nd quarter valued at about $97,000. 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.