FY2025 EPS Estimates for HudBay Minerals Reduced by Analyst

HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) – Analysts at Desjardins lowered their FY2025 EPS estimates for HudBay Minerals in a report released on Wednesday, November 12th. Desjardins analyst B. Adams now expects that the mining company will post earnings of $0.77 per share for the year, down from their previous estimate of $0.83. The consensus estimate for HudBay Minerals’ current full-year earnings is $0.79 per share. Desjardins also issued estimates for HudBay Minerals’ FY2027 earnings at $1.12 EPS.

A number of other research firms also recently commented on HBM. The Goldman Sachs Group began coverage on HudBay Minerals in a report on Monday, September 8th. They issued a “buy” rating on the stock. Raymond James Financial reaffirmed an “outperform” rating on shares of HudBay Minerals in a research note on Friday, October 10th. Royal Bank Of Canada reissued an “outperform” rating on shares of HudBay Minerals in a research report on Thursday, August 14th. Scotiabank reissued an “outperform” rating on shares of HudBay Minerals in a report on Tuesday, October 28th. Finally, Zacks Research lowered HudBay Minerals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 11th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $19.50.

HudBay Minerals Stock Down 0.5%

HBM stock opened at $15.78 on Monday. The company has a 50 day moving average of $15.36 and a two-hundred day moving average of $11.80. The company has a market cap of $6.25 billion, a price-to-earnings ratio of 21.61 and a beta of 1.58. HudBay Minerals has a 12-month low of $5.95 and a 12-month high of $17.73. The company has a quick ratio of 0.86, a current ratio of 1.03 and a debt-to-equity ratio of 0.20.

HudBay Minerals (NYSE:HBM) (TSE:HBM) last released its earnings results on Wednesday, November 12th. The mining company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03). The firm had revenue of $346.80 million during the quarter, compared to analysts’ expectations of $538.16 million. HudBay Minerals had a return on equity of 10.73% and a net margin of 13.13%.The business’s revenue was down 28.6% on a year-over-year basis. During the same period last year, the business earned $0.13 earnings per share.

Institutional Trading of HudBay Minerals

A number of large investors have recently added to or reduced their stakes in HBM. Waterfront Wealth Inc. increased its holdings in HudBay Minerals by 2.0% in the third quarter. Waterfront Wealth Inc. now owns 39,052 shares of the mining company’s stock valued at $588,000 after purchasing an additional 756 shares during the period. Savant Capital LLC lifted its holdings in HudBay Minerals by 2.4% during the 3rd quarter. Savant Capital LLC now owns 32,010 shares of the mining company’s stock worth $485,000 after buying an additional 760 shares during the period. Creative Planning grew its position in shares of HudBay Minerals by 5.4% in the 2nd quarter. Creative Planning now owns 25,067 shares of the mining company’s stock valued at $266,000 after buying an additional 1,289 shares during the last quarter. SBI Securities Co. Ltd. increased its stake in shares of HudBay Minerals by 64.6% in the first quarter. SBI Securities Co. Ltd. now owns 3,773 shares of the mining company’s stock valued at $29,000 after buying an additional 1,481 shares during the period. Finally, Pacifica Partners Inc. increased its stake in shares of HudBay Minerals by 6.7% in the second quarter. Pacifica Partners Inc. now owns 25,921 shares of the mining company’s stock valued at $272,000 after buying an additional 1,625 shares during the period. Institutional investors and hedge funds own 57.82% of the company’s stock.

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.