FY2025 EPS Estimate for HudBay Minerals Reduced by Analyst

HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) – Stock analysts at Scotiabank dropped their FY2025 EPS estimates for HudBay Minerals in a research note issued on Friday, January 23rd. Scotiabank analyst O. Wowkodaw now forecasts that the mining company will post earnings of $0.66 per share for the year, down from their prior estimate of $0.77. Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for HudBay Minerals’ current full-year earnings is $0.79 per share. Scotiabank also issued estimates for HudBay Minerals’ FY2027 earnings at $1.02 EPS.

Several other research firms have also recently weighed in on HBM. Raymond James Financial restated an “outperform” rating on shares of HudBay Minerals in a report on Wednesday, January 14th. Weiss Ratings reissued a “hold (c+)” rating on shares of HudBay Minerals in a report on Monday, December 29th. Jefferies Financial Group restated a “buy” rating on shares of HudBay Minerals in a research report on Sunday, December 7th. Citigroup set a $34.50 price target on shares of HudBay Minerals and gave the stock a “buy” rating in a report on Thursday, January 8th. Finally, CIBC reissued an “outperform” rating on shares of HudBay Minerals in a research note on Thursday, January 15th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, HudBay Minerals presently has a consensus rating of “Buy” and an average price target of $27.00.

HudBay Minerals Price Performance

Shares of HBM opened at $25.00 on Monday. The company has a quick ratio of 0.76, a current ratio of 0.97 and a debt-to-equity ratio of 0.18. The stock has a market cap of $9.92 billion, a PE ratio of 21.55 and a beta of 1.36. HudBay Minerals has a 12-month low of $5.95 and a 12-month high of $25.46. The business has a 50-day simple moving average of $19.33 and a two-hundred day simple moving average of $15.35.

HudBay Minerals (NYSE:HBM) (TSE:HBM) last announced its quarterly earnings results on Wednesday, November 12th. The mining company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). The firm had revenue of $346.80 million during the quarter, compared to the consensus estimate of $538.16 million. HudBay Minerals had a net margin of 22.38% and a return on equity of 8.89%. The firm’s revenue was down 28.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.13 earnings per share.

Institutional Trading of HudBay Minerals

Large investors have recently bought and sold shares of the business. Allworth Financial LP lifted its stake in shares of HudBay Minerals by 107.9% in the 3rd quarter. Allworth Financial LP now owns 1,990 shares of the mining company’s stock valued at $30,000 after purchasing an additional 1,033 shares during the period. Quarry LP acquired a new position in HudBay Minerals in the third quarter valued at approximately $38,000. Global Retirement Partners LLC bought a new position in shares of HudBay Minerals during the 3rd quarter worth approximately $45,000. IFP Advisors Inc bought a new position in shares of HudBay Minerals during the 3rd quarter worth approximately $45,000. Finally, Banque Cantonale Vaudoise grew its position in shares of HudBay Minerals by 513.5% during the 3rd quarter. Banque Cantonale Vaudoise now owns 3,172 shares of the mining company’s stock worth $48,000 after buying an additional 2,655 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 is a Canada-based mining company engaged in the exploration, development and production of base and precious metals. Its primary products include copper, zinc, gold and silver concentrates, which are sold to smelters and refiners worldwide. The company’s operations span multiple stages of the mining cycle, from resource definition and feasibility studies to mine construction, extraction and reclamation.

The company traces its roots back to 1927, when it was established as Hudson Bay Mining & Smelting Co Limited.