Stifel Canada Lifts Earnings Estimates for Hudbay Minerals

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) – Investment analysts at Stifel Canada increased their FY2025 EPS estimates for shares of Hudbay Minerals in a research note issued on Tuesday, October 15th. Stifel Canada analyst C. Mcgill now anticipates that the mining company will post earnings per share of $1.26 for the year, up from their previous forecast of $1.12. Stifel Canada has a “Strong-Buy” rating on the stock. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.49 per share.

Other analysts have also recently issued research reports about the company. Jefferies Financial Group upgraded Hudbay Minerals from a “hold” rating to a “buy” rating in a research note on Wednesday, August 14th. StockNews.com cut Hudbay Minerals from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $11.17.

Hudbay Minerals Stock Performance

Shares of HBM stock opened at $9.47 on Friday. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 41.17 and a beta of 1.77. Hudbay Minerals has a one year low of $3.94 and a one year high of $10.49. The company’s 50-day simple moving average is $8.23 and its 200-day simple moving average is $8.49. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.49 and a current ratio of 1.86.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Regal Partners Ltd acquired a new position in shares of Hudbay Minerals during the second quarter valued at $22,956,000. Artemis Investment Management LLP bought a new stake in Hudbay Minerals in the 3rd quarter valued at about $20,907,000. TD Asset Management Inc boosted its stake in Hudbay Minerals by 199.4% during the 2nd quarter. TD Asset Management Inc now owns 2,906,301 shares of the mining company’s stock valued at $26,294,000 after purchasing an additional 1,935,709 shares during the period. Galibier Capital Management Ltd. bought a new position in Hudbay Minerals in the 1st quarter worth about $12,604,000. Finally, Cubist Systematic Strategies LLC grew its position in Hudbay Minerals by 2,521.9% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,752,685 shares of the mining company’s stock worth $15,861,000 after purchasing an additional 1,685,836 shares during the last quarter. 57.82% of the stock is currently owned by institutional investors.

Hudbay Minerals Cuts Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Friday, September 20th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.007 per share. This represents a dividend yield of 0.2%. The ex-dividend date was Tuesday, September 3rd. Hudbay Minerals’s dividend payout ratio (DPR) is presently 4.35%.

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.