Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM - Research analysts at Cormark upped their Q4 2024 EPS estimates for shares of Hudbay Minerals in a note issued to investors on Thursday, November 14th. Cormark analyst S. Ioannou now anticipates that the mining company will post earnings of $0.36 per share for the quarter, up from their prior forecast of $0.32. The consensus estimate for Hudbay Minerals' current full-year earnings is $0.48 per share. Cormark also issued estimates for Hudbay Minerals' Q1 2025 earnings at $0.25 EPS, Q2 2025 earnings at $0.25 EPS, Q3 2025 earnings at $0.25 EPS, Q4 2025 earnings at $0.18 EPS and FY2025 earnings at $0.93 EPS.
Other equities research analysts have also issued reports about the stock. Jefferies Financial Group raised shares of Hudbay Minerals from a "hold" rating to a "buy" rating in a report on Wednesday, August 14th. Stifel Canada upgraded Hudbay Minerals to a "strong-buy" rating in a research report on Monday, July 22nd. Finally, StockNews.com raised Hudbay Minerals from a "hold" rating to a "buy" rating in a research note on Friday. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Hudbay Minerals presently has an average rating of "Buy" and a consensus price target of $11.17.
View Our Latest Report on HBM
Hudbay Minerals Price Performance
Shares of HBM stock traded down $0.01 during trading hours on Friday, reaching $8.52. The company's stock had a trading volume of 2,600,431 shares, compared to its average volume of 3,117,713. The firm's 50 day simple moving average is $8.79 and its 200-day simple moving average is $8.68. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 37.05 and a beta of 1.78. Hudbay Minerals has a fifty-two week low of $4.27 and a fifty-two week high of $10.49. The company has a quick ratio of 1.49, a current ratio of 1.86 and a debt-to-equity ratio of 0.47.
Institutional Investors Weigh In On Hudbay Minerals
A number of hedge funds have recently added to or reduced their stakes in the business. Prospera Private Wealth LLC bought a new stake in shares of Hudbay Minerals in the 3rd quarter valued at $28,000. Exchange Traded Concepts LLC acquired a new stake in Hudbay Minerals in the third quarter worth $53,000. Clear Harbor Asset Management LLC bought a new stake in Hudbay Minerals in the third quarter valued at $92,000. Ritholtz Wealth Management acquired a new position in shares of Hudbay Minerals during the second quarter valued at about $96,000. Finally, Armistice Capital LLC bought a new position in shares of Hudbay Minerals during the 2nd quarter worth about $97,000. 57.82% of the stock is currently owned by institutional investors.
About Hudbay Minerals
(
Get Free Report)
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.
Featured Articles
Before you consider Hudbay Minerals, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hudbay Minerals wasn't on the list.
While Hudbay Minerals currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
