Q4 EPS Forecast for Hudbay Minerals Decreased by Analyst

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) – Investment analysts at Haywood Securities dropped their Q4 2024 earnings per share estimates for Hudbay Minerals in a research report issued to clients and investors on Monday, October 21st. Haywood Securities analyst P. Vaillancourt now forecasts that the mining company will earn $0.23 per share for the quarter, down from their prior forecast of $0.26. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.49 per share.

HBM has been the subject of several other reports. Jefferies Financial Group raised shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a research note on Wednesday, August 14th. Stifel Canada raised shares of Hudbay Minerals to a “strong-buy” rating in a research note on Monday, July 22nd. Finally, StockNews.com lowered shares of Hudbay Minerals from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $11.17.

Hudbay Minerals Price Performance

Shares of Hudbay Minerals stock opened at $9.53 on Thursday. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of 41.43 and a beta of 1.77. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.49 and a current ratio of 1.86. The stock has a 50 day moving average price of $8.38 and a 200-day moving average price of $8.54. Hudbay Minerals has a one year low of $3.94 and a one year high of $10.49.

Institutional Trading of Hudbay Minerals

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Hudbay Minerals by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 8,694,436 shares of the mining company’s stock valued at $60,861,000 after buying an additional 272,635 shares in the last quarter. Condire Management LP increased its position in shares of Hudbay Minerals by 4.2% during the first quarter. Condire Management LP now owns 4,226,553 shares of the mining company’s stock worth $29,586,000 after acquiring an additional 169,310 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Hudbay Minerals by 24.7% during the second quarter. Dimensional Fund Advisors LP now owns 3,545,340 shares of the mining company’s stock valued at $32,084,000 after acquiring an additional 702,170 shares in the last quarter. TD Asset Management Inc boosted its holdings in shares of Hudbay Minerals by 199.4% in the second 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. Finally, Jennison Associates LLC grew its stake in Hudbay Minerals by 92.7% in the first quarter. Jennison Associates LLC now owns 2,821,920 shares of the mining company’s stock worth $19,757,000 after purchasing an additional 1,357,241 shares in the last quarter. 57.82% of the stock is owned by hedge funds and other institutional investors.

Hudbay Minerals Cuts Dividend

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

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.