Analysts Set Expectations for Hudbay Minerals Q1 Earnings

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) – Analysts at National Bank Financial dropped their Q1 2025 earnings estimates for Hudbay Minerals in a report released on Tuesday, April 15th. National Bank Financial analyst S. Nagle now anticipates that the mining company will post earnings of $0.05 per share for the quarter, down from their previous forecast of $0.10. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.79 per share.

A number of other equities research analysts have also recently weighed in on the stock. StockNews.com upgraded shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Desjardins assumed coverage on Hudbay Minerals in a research note on Friday, April 4th. They issued a “buy” rating on the stock. BMO Capital Markets assumed coverage on Hudbay Minerals in a research report on Wednesday. They set an “outperform” rating for the company. Finally, Stifel Canada raised Hudbay Minerals to a “strong-buy” rating in a report on Wednesday, March 19th. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $14.00.

Hudbay Minerals Stock Down 0.3 %

Shares of Hudbay Minerals stock opened at $7.04 on Thursday. Hudbay Minerals has a 1 year low of $5.95 and a 1 year high of $10.49. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 39.12 and a beta of 1.62. The company has a 50-day moving average of $7.52 and a 200 day moving average of $8.39. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.86 and a quick ratio of 1.47.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last posted its quarterly earnings data on Wednesday, February 19th. The mining company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). Hudbay Minerals had a return on equity of 7.29% and a net margin of 3.80%. The firm had revenue of $584.90 million during the quarter, compared to the consensus estimate of $588.28 million. During the same quarter last year, the company posted $0.20 EPS. Hudbay Minerals’s revenue for the quarter was down 2.9% compared to the same quarter last year.

Hudbay Minerals Increases Dividend

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

Hedge Funds Weigh In On Hudbay Minerals

A number of hedge funds have recently added to or reduced their stakes in HBM. Tower Research Capital LLC TRC boosted its stake in 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 purchasing an additional 3,062 shares during the last quarter. Algert Global LLC bought a new position in shares of Hudbay Minerals during the fourth quarter valued at $86,000. Plato Investment Management Ltd purchased a new stake in shares of Hudbay Minerals during the fourth quarter valued at $95,000. Hsbc Holdings PLC bought a new stake in Hudbay Minerals in the 4th quarter worth about $97,000. Finally, Advisory Services Network LLC bought a new stake in Hudbay Minerals in the 4th quarter worth about $101,000. 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.