Stifel Canada Forecasts Reduced Earnings for Hudbay Minerals

Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM - Investment analysts at Stifel Canada reduced their FY2025 earnings per share (EPS) estimates for shares of Hudbay Minerals in a note issued to investors on Thursday, January 23rd. Stifel Canada analyst C. Mcgill now expects that the mining company will post earnings of $1.03 per share for the year, down from their previous forecast of $1.05. The consensus estimate for Hudbay Minerals' current full-year earnings is $0.54 per share.

Separately, StockNews.com cut Hudbay Minerals from a "buy" rating to a "hold" rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $11.17.

Hudbay Minerals Price Performance

Shares of NYSE HBM traded up $0.04 during trading on Friday, hitting $8.51. 4,886,315 shares of the company were exchanged, compared to its average volume of 4,909,578. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 36.94 and a beta of 1.76. Hudbay Minerals has a 1 year low of $4.94 and a 1 year high of $10.49. The firm's fifty day moving average price is $8.67 and its 200 day moving average price is $8.50. 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 - Get Free Report) TSE: HBM last issued its quarterly earnings results on Wednesday, November 13th. The mining company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.09. The firm had revenue of $485.80 million during the quarter, compared to analysts' expectations of $454.47 million. Hudbay Minerals had a net margin of 4.23% and a return on equity of 7.44%. Hudbay Minerals's quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.07 EPS.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in HBM. Cibc World Market Inc. increased its holdings in Hudbay Minerals by 4.3% during the 4th quarter. Cibc World Market Inc. now owns 1,879,561 shares of the mining company's stock worth $15,240,000 after purchasing an additional 78,267 shares during the last quarter. First Affirmative Financial Network increased its holdings in Hudbay Minerals by 39.2% in the fourth quarter. First Affirmative Financial Network now owns 15,563 shares of the mining company's stock valued at $126,000 after buying an additional 4,386 shares during the last quarter. Blue Trust Inc. raised its stake in Hudbay Minerals by 83.8% during the fourth quarter. Blue Trust Inc. now owns 46,749 shares of the mining company's stock valued at $379,000 after buying an additional 21,310 shares in the last quarter. Ballentine Partners LLC lifted its holdings in Hudbay Minerals by 32.1% during the 4th quarter. Ballentine Partners LLC now owns 20,820 shares of the mining company's stock worth $169,000 after buying an additional 5,064 shares during the last quarter. Finally, Strong Tower Advisory Services increased its holdings in shares of Hudbay Minerals by 5.5% in the 4th quarter. Strong Tower Advisory Services now owns 65,230 shares of the mining company's stock valued at $528,000 after acquiring an additional 3,388 shares during the last quarter. 57.82% of the stock is currently owned by hedge funds and other institutional investors.

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.