Raymond James Lowers Earnings Estimates for Hudbay Minerals

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) – Equities researchers at Raymond James lowered their FY2025 EPS estimates for Hudbay Minerals in a research note issued to investors on Tuesday, March 4th. Raymond James analyst F. Hamed now forecasts that the mining company will post earnings per share of $0.64 for the year, down from their previous 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 issued its quarterly earnings results on Wednesday, February 19th. The mining company reported $0.18 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 the consensus estimate of $588.28 million. Hudbay Minerals had a return on equity of 7.29% and a net margin of 3.80%. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.20 EPS.

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

Hudbay Minerals Trading Down 3.7 %

Shares of Hudbay Minerals stock opened at $6.97 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.86 and a debt-to-equity ratio of 0.44. Hudbay Minerals has a 12-month low of $6.20 and a 12-month high of $10.49. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 38.70 and a beta of 1.72. The firm’s 50-day moving average price is $8.28 and its two-hundred day moving average price is $8.51.

Hudbay Minerals Increases Dividend

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

Institutional Investors Weigh In On Hudbay Minerals

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Hudbay Minerals by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 15,267,805 shares of the mining company’s stock worth $123,852,000 after buying an additional 255,191 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Hudbay Minerals by 14.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,662,499 shares of the mining company’s stock worth $118,874,000 after buying an additional 1,822,601 shares during the period. Invesco Ltd. grew its holdings in Hudbay Minerals by 2.7% during the 4th quarter. Invesco Ltd. now owns 11,815,849 shares of the mining company’s stock worth $95,708,000 after acquiring an additional 314,619 shares during the period. Mountaineer Partners Management LLC increased its holdings in Hudbay Minerals by 792.5% in the third quarter. Mountaineer Partners Management LLC now owns 10,323,605 shares of the mining company’s stock worth $94,874,000 after purchasing an additional 9,166,952 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Hudbay Minerals by 86.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,149,134 shares of the mining company’s stock valued at $74,105,000 after acquiring an additional 4,253,400 shares in the last quarter. 57.82% of the stock is owned by institutional investors.

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.