Raymond James Lowers Earnings Estimates for Hudbay Minerals

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) – Equities researchers at Raymond James lowered their Q1 2025 earnings per share estimates for Hudbay Minerals in a research report issued on Tuesday, April 15th. Raymond James analyst F. Hamed now anticipates that the mining company will post earnings of $0.06 per share for the quarter, down from their prior estimate of $0.09. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.79 per share.

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

Hudbay Minerals Price Performance

Shares of NYSE:HBM opened at $7.04 on Thursday. Hudbay Minerals has a twelve month low of $5.95 and a twelve month high of $10.49. The stock’s 50 day moving average is $7.52 and its 200-day moving average is $8.39. 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 capitalization of $2.78 billion, a price-to-earnings ratio of 39.12 and a beta of 1.62.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last posted its quarterly earnings results on Wednesday, February 19th. The mining company reported $0.18 earnings per share 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 for the quarter, compared to analyst estimates of $588.28 million. During the same period last year, the company posted $0.20 earnings per share. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year.

Hedge Funds Weigh In On Hudbay Minerals

Several hedge funds have recently modified their holdings of HBM. Strong Tower Advisory Services increased its position in shares of Hudbay Minerals by 40.3% during the first quarter. Strong Tower Advisory Services now owns 91,524 shares of the mining company’s stock valued at $695,000 after acquiring an additional 26,294 shares during the last quarter. Pacifica Partners Inc. grew its stake in Hudbay Minerals by 1,126.5% in the 1st quarter. Pacifica Partners Inc. now owns 24,296 shares of the mining company’s stock valued at $172,000 after purchasing an additional 22,315 shares during the period. Polar Asset Management Partners Inc. increased its position in shares of Hudbay Minerals by 121.7% during the 4th quarter. Polar Asset Management Partners Inc. now owns 1,694,700 shares of the mining company’s stock valued at $13,550,000 after purchasing an additional 930,300 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Hudbay Minerals by 83.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 224,070 shares of the mining company’s stock worth $1,817,000 after purchasing an additional 102,179 shares during the period. Finally, Vise Technologies Inc. purchased a new position in shares of Hudbay Minerals in the 4th quarter worth about $193,000. Institutional investors own 57.82% of the company’s stock.

Hudbay Minerals Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, March 4th were given a $0.007 dividend. This represents a yield of 0.2%. This is an increase 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 presently 5.56%.

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.