Hudbay Minerals Inc. (NYSE:HBM – Free Report) (TSE:HBM) – Research analysts at Stifel Canada lifted their Q4 2024 earnings per share estimates for Hudbay Minerals in a report issued on Monday, December 16th. Stifel Canada analyst C. Mcgill now expects that the mining company will earn $0.39 per share for the quarter, up from their prior 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.
Separately, StockNews.com raised Hudbay Minerals from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Hudbay Minerals currently has a consensus rating of “Buy” and an average target price of $11.17.
Hudbay Minerals Trading Up 0.9 %
NYSE HBM opened at $7.91 on Wednesday. The firm’s fifty day moving average is $9.03 and its two-hundred day moving average is $8.60. Hudbay Minerals has a one year low of $4.94 and a one year high of $10.49. 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 firm has a market cap of $3.12 billion, a PE ratio of 34.39 and a beta of 1.77.
Hudbay Minerals (NYSE:HBM – Get Free Report) (TSE:HBM) last released its quarterly earnings results on Wednesday, November 13th. The mining company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.04 by $0.09. The company had revenue of $485.80 million for the quarter, compared to analyst estimates of $454.47 million. Hudbay Minerals had a return on equity of 7.44% and a net margin of 4.23%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 earnings per share.
Institutional Trading of Hudbay Minerals
Several large investors have recently added to or reduced their stakes in HBM. Prospera Private Wealth LLC acquired a new stake in Hudbay Minerals in the third quarter valued at approximately $28,000. Exchange Traded Concepts LLC purchased a new position in shares of Hudbay Minerals in the third quarter valued at $53,000. Clear Harbor Asset Management LLC acquired a new stake in Hudbay Minerals during the 3rd quarter valued at $92,000. Ritholtz Wealth Management purchased a new stake in Hudbay Minerals during the 2nd quarter worth $96,000. Finally, Armistice Capital LLC acquired a new position in Hudbay Minerals in the 2nd quarter worth $97,000. 57.82% of the stock is currently owned by institutional investors and hedge funds.
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.
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