FY2028 EPS Estimate for Hudbay Minerals Reduced by Analyst

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) – Stock analysts at Stifel Canada decreased their FY2028 earnings estimates for shares of Hudbay Minerals in a research report issued to clients and investors on Monday, December 16th. Stifel Canada analyst C. Mcgill now forecasts that the mining company will earn $1.08 per share for the year, down from their previous estimate of $1.21. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.55 per share.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last posted its quarterly earnings results on Wednesday, November 13th. The mining company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.04 by $0.09. The firm had revenue of $485.80 million during the quarter, compared to analysts’ expectations of $454.47 million. Hudbay Minerals had a return on equity of 7.44% and a net margin of 4.23%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.07 earnings per share.

Separately, StockNews.com raised shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $11.17.

Hudbay Minerals Stock Up 0.9 %

NYSE HBM opened at $7.91 on Thursday. The business’s fifty day simple moving average is $9.03 and its 200-day simple moving average is $8.60. 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 firm has a market cap of $3.12 billion, a PE ratio of 34.39 and a beta of 1.77. Hudbay Minerals has a 52 week low of $4.94 and a 52 week high of $10.49.

Institutional Investors Weigh In On Hudbay Minerals

A number of institutional investors have recently made changes to their positions in HBM. Liontrust Investment Partners LLP purchased a new position in Hudbay Minerals during the 2nd quarter valued at about $100,000. K.J. Harrison & Partners Inc acquired a new position in shares of Hudbay Minerals in the second quarter valued at approximately $773,000. Galibier Capital Management Ltd. increased its stake in Hudbay Minerals by 13.7% during the 2nd quarter. Galibier Capital Management Ltd. now owns 2,046,150 shares of the mining company’s stock worth $18,512,000 after buying an additional 247,002 shares during the period. Bfsg LLC acquired a new stake in Hudbay Minerals during the 2nd quarter worth approximately $801,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Hudbay Minerals by 4.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 74,546 shares of the mining company’s stock valued at $674,000 after buying an additional 2,905 shares during the period. 57.82% of the stock is currently owned by institutional investors and hedge funds.

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.