Brokers Issue Forecasts for Hudbay Minerals FY2025 Earnings

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) – Stifel Canada issued their FY2025 earnings per share estimates for Hudbay Minerals in a report released on Wednesday, March 19th. Stifel Canada analyst R. Profiti forecasts that the mining company will post earnings of $0.55 per share for the year. Stifel Canada currently has a “Strong-Buy” rating on the stock. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.79 per share. Stifel Canada also issued estimates for Hudbay Minerals’ FY2026 earnings at $0.57 EPS, FY2027 earnings at $0.47 EPS, FY2028 earnings at $0.66 EPS and FY2029 earnings at $0.95 EPS.

Separately, StockNews.com raised shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Four analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $11.50.

Hudbay Minerals Trading Down 2.1 %

Hudbay Minerals stock opened at $8.15 on Friday. Hudbay Minerals has a 12 month low of $6.42 and a 12 month high of $10.49. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 45.25 and a beta of 1.72. The business has a 50 day moving average price of $8.13 and a two-hundred day moving average price of $8.49. 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 (NYSE:HBM) (TSE:HBM) last posted its quarterly earnings data on Wednesday, February 19th. The mining company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). The company had revenue of $584.90 million for the quarter, compared to the consensus estimate of $588.28 million. Hudbay Minerals had a return on equity of 7.29% and a net margin of 3.80%. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.20 EPS.

Institutional Trading of Hudbay Minerals

Hedge funds and other institutional investors have recently made changes to their positions in the business. Prospera Private Wealth LLC acquired a new stake in shares of Hudbay Minerals in the 3rd quarter valued at $28,000. Jennison Associates LLC boosted its holdings in Hudbay Minerals by 12.2% during the third quarter. Jennison Associates LLC now owns 3,298,814 shares of the mining company’s stock worth $30,340,000 after buying an additional 359,126 shares during the last quarter. Bank of Montreal Can grew its position in shares of Hudbay Minerals by 23.1% during the 3rd quarter. Bank of Montreal Can now owns 7,691,519 shares of the mining company’s stock worth $71,308,000 after buying an additional 1,441,991 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Hudbay Minerals by 9.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,346,659 shares of the mining company’s stock valued at $12,395,000 after acquiring an additional 117,275 shares during the last quarter. Finally, FMR LLC grew its holdings in Hudbay Minerals by 0.7% during the third quarter. FMR LLC now owns 354,392 shares of the mining company’s stock valued at $3,260,000 after purchasing an additional 2,624 shares during the period. 57.82% of the stock is currently owned by institutional investors and hedge funds.

Hudbay Minerals Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, March 4th were issued a $0.007 dividend. This is an increase from Hudbay Minerals’s previous semi-annual dividend of $0.01. This represents a dividend yield of 0.2%. The ex-dividend date was Tuesday, March 4th. Hudbay Minerals’s payout ratio is presently 5.56%.

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.