Q4 EPS Forecast for Hudbay Minerals Increased by Analyst

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) – Equities research analysts at National Bank Financial lifted their Q4 2024 earnings estimates for Hudbay Minerals in a research note issued on Wednesday, November 13th. National Bank Financial analyst S. Nagle now forecasts that the mining company will earn $0.18 per share for the quarter, up from their previous forecast of $0.05. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.49 per share. National Bank Financial also issued estimates for Hudbay Minerals’ Q1 2025 earnings at $0.20 EPS and FY2026 earnings at $0.46 EPS.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last issued its quarterly earnings data on Wednesday, November 13th. The mining company reported $0.13 earnings per share for the quarter, beating 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 net margin of 4.23% and a return on equity of 7.44%. The company’s revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.07 earnings per share.

A number of other equities analysts have also commented on the stock. Jefferies Financial Group raised shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a research report on Wednesday, August 14th. StockNews.com raised shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Hudbay Minerals presently has a consensus rating of “Buy” and a consensus target price of $11.17.

Hudbay Minerals Price Performance

NYSE:HBM opened at $9.11 on Monday. Hudbay Minerals has a 52 week low of $4.30 and a 52 week high of $10.49. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 39.61 and a beta of 1.78. The firm’s 50-day simple moving average is $8.88 and its 200 day simple moving average is $8.69. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.47 and a current ratio of 1.86.

Institutional Investors Weigh In On Hudbay Minerals

Large investors have recently bought and sold shares of the company. Prospera Private Wealth LLC acquired a new stake in Hudbay Minerals during the third quarter worth about $28,000. Exchange Traded Concepts LLC acquired a new stake in shares of Hudbay Minerals in the 3rd quarter valued at approximately $53,000. Clear Harbor Asset Management LLC acquired a new stake in shares of Hudbay Minerals in the 3rd quarter valued at approximately $92,000. Ritholtz Wealth Management bought a new position in Hudbay Minerals in the 2nd quarter valued at approximately $96,000. Finally, Armistice Capital LLC bought a new position in Hudbay Minerals in the 2nd quarter valued at approximately $97,000. 57.82% of the stock is currently 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.