Hudbay Minerals (NYSE:HBM) Upgraded by Stifel Canada to “Strong-Buy” Rating

Stifel Canada upgraded shares of Hudbay Minerals (NYSE:HBM) (TSE:HBM) to a strong-buy rating in a research note issued to investors on Wednesday,Zacks.com reports. Stifel Canada also issued estimates for Hudbay Minerals’ FY2025 earnings at $0.55 EPS, FY2026 earnings at $0.57 EPS, FY2027 earnings at $0.47 EPS, FY2028 earnings at $0.66 EPS and FY2029 earnings at $0.95 EPS.

Separately, StockNews.com upgraded shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Four 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 MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $11.50.

Hudbay Minerals Stock Down 2.1 %

Shares of HBM stock opened at $8.15 on Wednesday. The stock has a market cap of $3.22 billion, a P/E ratio of 45.25 and a beta of 1.72. Hudbay Minerals has a 52 week low of $6.42 and a 52 week high of $10.49. The company has a quick ratio of 1.47, a current ratio of 1.86 and a debt-to-equity ratio of 0.44. The company’s fifty day simple moving average is $8.13 and its two-hundred day simple moving average is $8.49.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last announced its quarterly earnings results on Wednesday, February 19th. The mining company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). The company had revenue of $584.90 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.20 EPS. Analysts predict that Hudbay Minerals will post 0.79 EPS for the current fiscal year.

Hudbay Minerals Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, March 4th were given a dividend of $0.007 per share. This represents a dividend yield of 0.2%. This is a boost from Hudbay Minerals’s previous semi-annual dividend of $0.01. The ex-dividend date of this dividend was Tuesday, March 4th. Hudbay Minerals’s dividend payout ratio is currently 5.56%.

Institutional Trading of Hudbay Minerals

Several hedge funds have recently made changes to their positions in HBM. Tower Research Capital LLC TRC raised its position in shares of Hudbay Minerals by 9,877.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the mining company’s stock valued at $25,000 after buying an additional 3,062 shares in the last quarter. Prospera Private Wealth LLC purchased a new stake in Hudbay Minerals in the 3rd quarter worth about $28,000. Algert Global LLC purchased a new stake in Hudbay Minerals in the 4th quarter worth about $86,000. Plato Investment Management Ltd purchased a new stake in Hudbay Minerals in the 4th quarter worth about $95,000. Finally, Hsbc Holdings PLC purchased a new stake in Hudbay Minerals in the 4th quarter worth about $97,000. 57.82% of the stock is currently owned by hedge funds and other 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.