Q4 EPS Estimates for Hudbay Minerals Lifted by Stifel Canada

Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM - Stifel Canada lifted their Q4 2024 earnings estimates for Hudbay Minerals in a research report issued on Monday, December 16th. Stifel Canada analyst C. Mcgill now anticipates that the mining company will post earnings of $0.39 per share for the quarter, up from their previous forecast of $0.38. The consensus estimate for Hudbay Minerals' current full-year earnings is $0.55 per share. Stifel Canada also issued estimates for Hudbay Minerals' Q1 2025 earnings at $0.31 EPS, Q2 2025 earnings at $0.27 EPS, Q3 2025 earnings at $0.28 EPS, Q4 2025 earnings at $0.19 EPS, FY2025 earnings at $1.05 EPS, FY2026 earnings at $0.96 EPS and FY2027 earnings at $0.94 EPS.

Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last released its quarterly earnings data on Wednesday, November 13th. The mining company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.04 by $0.09. Hudbay Minerals had a return on equity of 7.44% and a net margin of 4.23%. The company had revenue of $485.80 million for the quarter, compared to analyst estimates of $454.47 million. During the same period last year, the company posted $0.07 earnings per share. The firm's revenue was up 1.1% compared to the same quarter last year.

Separately, StockNews.com raised shares of Hudbay Minerals from a "hold" rating to a "buy" rating in a report on Friday, November 15th. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $11.17.

Hudbay Minerals Stock Down 6.2 %

NYSE HBM traded down $0.52 on Wednesday, reaching $7.84. The company had a trading volume of 3,306,750 shares, compared to its average volume of 3,150,585. The firm has a market capitalization of $3.09 billion, a PE ratio of 34.09 and a beta of 1.77. The firm has a 50-day moving average of $9.08 and a 200-day moving average of $8.61. Hudbay Minerals has a 1 year low of $4.94 and a 1 year high of $10.49. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.86 and a quick ratio of 1.47.

Hedge Funds Weigh In On Hudbay Minerals

Several large investors have recently modified their holdings of the stock. Prospera Private Wealth LLC bought a new position in Hudbay Minerals during the 3rd quarter worth approximately $28,000. Exchange Traded Concepts LLC bought a new stake in Hudbay Minerals during the third quarter valued at $53,000. Clear Harbor Asset Management LLC acquired a new stake in shares of Hudbay Minerals during the third quarter worth $92,000. Ritholtz Wealth Management bought a new position in shares of Hudbay Minerals in the 2nd quarter worth about $96,000. Finally, Armistice Capital LLC acquired a new position in shares of Hudbay Minerals in the 2nd quarter valued at about $97,000. Institutional investors own 57.82% of the company's stock.

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.