FY2025 EPS Forecast for Hudbay Minerals Reduced by Analyst

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) – Stock analysts at Raymond James dropped their FY2025 earnings per share (EPS) estimates for Hudbay Minerals in a research report issued on Tuesday, March 4th. Raymond James analyst F. Hamed now anticipates that the mining company will post earnings per share of $0.64 for the year, down from their prior estimate of $0.84. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.79 per share.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last announced its quarterly earnings results on Wednesday, February 19th. The mining company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The company had revenue of $584.90 million during the quarter, compared to analysts’ expectations of $588.28 million. Hudbay Minerals had a net margin of 3.80% and a return on equity of 7.29%. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.20 EPS.

Separately, StockNews.com raised Hudbay Minerals from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $11.17.

Hudbay Minerals Trading Down 3.7 %

Shares of Hudbay Minerals stock opened at $6.97 on Friday. Hudbay Minerals has a 12-month low of $6.20 and a 12-month high of $10.49. The company has a current ratio of 1.86, a quick ratio of 1.47 and a debt-to-equity ratio of 0.44. The stock has a market cap of $2.75 billion, a PE ratio of 38.70 and a beta of 1.72. The company has a 50-day moving average of $8.31 and a two-hundred day moving average of $8.52.

Hudbay Minerals Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, March 21st. Investors of record on Tuesday, March 4th will be issued a dividend of $0.007 per share. The ex-dividend date is Tuesday, March 4th. This is a boost from Hudbay Minerals’s previous semi-annual dividend of $0.01. This represents a yield of 0.2%. Hudbay Minerals’s payout ratio is currently 5.56%.

Hedge Funds Weigh In On Hudbay Minerals

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Pictet Asset Management Holding SA raised its holdings in Hudbay Minerals by 2.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 66,380 shares of the mining company’s stock worth $538,000 after purchasing an additional 1,278 shares during the last quarter. Northwest & Ethical Investments L.P. increased its position in Hudbay Minerals by 0.8% during the third quarter. Northwest & Ethical Investments L.P. now owns 197,289 shares of the mining company’s stock worth $1,815,000 after buying an additional 1,487 shares in the last quarter. Van ECK Associates Corp increased its position in Hudbay Minerals by 0.4% during the third quarter. Van ECK Associates Corp now owns 451,628 shares of the mining company’s stock worth $4,213,000 after buying an additional 1,960 shares in the last quarter. Sprott Inc. increased its position in Hudbay Minerals by 3.5% during the fourth quarter. Sprott Inc. now owns 63,662 shares of the mining company’s stock worth $516,000 after buying an additional 2,162 shares in the last quarter. Finally, MQS Management LLC increased its position in Hudbay Minerals by 8.2% during the third quarter. MQS Management LLC now owns 34,231 shares of the mining company’s stock worth $315,000 after buying an additional 2,592 shares in the last quarter. 57.82% of the stock is owned by institutional investors and hedge funds.

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.