FY2027 EPS Estimates for HudBay Minerals Cut by Scotiabank

HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) – Stock analysts at Scotiabank decreased their FY2027 earnings estimates for shares of HudBay Minerals in a research report issued to clients and investors on Thursday, February 26th. Scotiabank analyst O. Wowkodaw now expects that the mining company will post earnings per share of $1.71 for the year, down from their prior estimate of $1.72. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for HudBay Minerals’ current full-year earnings is $0.79 per share.

Several other equities research analysts have also recently weighed in on HBM. Weiss Ratings upgraded shares of HudBay Minerals from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 10th. National Bank Financial cut HudBay Minerals from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 28th. Jefferies Financial Group reissued a “buy” rating on shares of HudBay Minerals in a report on Sunday, December 7th. Citigroup upped their target price on HudBay Minerals from $23.00 to $32.50 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Finally, UBS Group initiated coverage on HudBay Minerals in a research report on Thursday, January 8th. They issued a “buy” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $26.00.

HudBay Minerals Trading Up 1.0%

Shares of NYSE:HBM opened at $28.32 on Monday. The firm has a fifty day moving average of $23.71 and a two-hundred day moving average of $18.17. The company has a quick ratio of 0.78, a current ratio of 0.95 and a debt-to-equity ratio of 0.18. HudBay Minerals has a 12-month low of $5.95 and a 12-month high of $28.74. The firm has a market capitalization of $11.24 billion, a P/E ratio of 19.81, a price-to-earnings-growth ratio of 0.39 and a beta of 1.27.

HudBay Minerals (NYSE:HBM) (TSE:HBM) last posted its quarterly earnings results on Friday, February 20th. The mining company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.18). HudBay Minerals had a net margin of 25.71% and a return on equity of 8.91%. The company had revenue of $732.90 million during the quarter, compared to the consensus estimate of $730.13 million. During the same period in the prior year, the company posted $0.18 EPS. HudBay Minerals’s quarterly revenue was up 25.3% on a year-over-year basis.

HudBay Minerals Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, March 27th. Investors of record on Tuesday, March 10th will be given a $0.01 dividend. This represents a yield of 8.0%. The ex-dividend date is Tuesday, March 10th. HudBay Minerals’s dividend payout ratio (DPR) is presently 0.70%.

Institutional Investors Weigh In On HudBay Minerals

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HBM. GMT Capital Corp bought a new position in HudBay Minerals in the second quarter valued at approximately $337,809,000. FIL Ltd grew its stake in shares of HudBay Minerals by 202.0% in the fourth quarter. FIL Ltd now owns 33,143,172 shares of the mining company’s stock valued at $658,010,000 after buying an additional 22,169,339 shares in the last quarter. Hancock Prospecting Pty Ltd acquired a new position in HudBay Minerals during the second quarter worth $154,359,000. Arrowstreet Capital Limited Partnership bought a new stake in HudBay Minerals during the third quarter worth $123,736,000. Finally, Picton Mahoney Asset Management bought a new stake in HudBay Minerals during the second quarter worth $61,432,000. Institutional investors own 57.82% of the company’s stock.

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.