Q4 Earnings Estimate for Hudbay Minerals Issued By Cormark

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) – Cormark increased their Q4 2024 earnings per share estimates for Hudbay Minerals in a report released on Thursday, November 14th. Cormark analyst S. Ioannou now anticipates that the mining company will post earnings per share of $0.36 for the quarter, up from their prior estimate of $0.32. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.48 per share. Cormark also issued estimates for Hudbay Minerals’ Q1 2025 earnings at $0.25 EPS, Q2 2025 earnings at $0.25 EPS, Q3 2025 earnings at $0.25 EPS, Q4 2025 earnings at $0.18 EPS and FY2025 earnings at $0.93 EPS.

HBM has been the subject of a number of other research reports. StockNews.com upgraded Hudbay Minerals from a “hold” rating to a “buy” rating in a research note on Friday. Stifel Canada upgraded shares of Hudbay Minerals to a “strong-buy” rating in a research note on Monday, July 22nd. Finally, Jefferies Financial Group upgraded shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a research note on Wednesday, August 14th. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $11.17.

Hudbay Minerals Stock Performance

NYSE:HBM opened at $8.52 on Friday. The firm has a 50-day moving average of $8.79 and a two-hundred day moving average of $8.68. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.86 and a quick ratio of 1.49. The stock has a market cap of $3.35 billion, a P/E ratio of 37.05 and a beta of 1.78. Hudbay Minerals has a 1-year low of $4.27 and a 1-year high of $10.49.

Institutional Trading of Hudbay Minerals

Several hedge funds have recently bought and sold shares of HBM. Mountaineer Partners Management LLC grew its holdings in Hudbay Minerals by 792.5% in the 3rd quarter. Mountaineer Partners Management LLC now owns 10,323,605 shares of the mining company’s stock worth $94,874,000 after buying an additional 9,166,952 shares in the last quarter. 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 acquired a new stake in Hudbay Minerals in the third quarter worth about $20,907,000. TD Asset Management Inc grew its position in Hudbay Minerals by 199.4% in 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 buying an additional 1,935,709 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its stake in Hudbay Minerals by 2,521.9% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,752,685 shares of the mining company’s stock valued at $15,861,000 after buying an additional 1,685,836 shares during the period. 57.82% of the stock is currently owned by institutional investors.

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.