FY2026 EPS Estimates for Hudbay Minerals Raised by Cormark

Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM - Investment analysts at Cormark raised their FY2026 earnings per share (EPS) estimates for shares of Hudbay Minerals in a research note issued on Thursday, November 14th. Cormark analyst S. Ioannou now forecasts that the mining company will earn $0.48 per share for the year, up from their prior forecast of $0.32. The consensus estimate for Hudbay Minerals' current full-year earnings is $0.49 per share.

Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last posted its 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 business had revenue of $485.80 million for the quarter, compared to analyst estimates of $454.47 million. Hudbay Minerals had a net margin of 4.23% and a return on equity of 7.68%. Hudbay Minerals's revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.07 EPS.

A number of other equities analysts have also recently commented on HBM. Jefferies Financial Group upgraded shares of Hudbay Minerals from a "hold" rating to a "buy" rating in a research report on Wednesday, August 14th. StockNews.com upgraded Hudbay Minerals from a "hold" rating to a "buy" rating in a report on Friday. Finally, Stifel Canada upgraded Hudbay Minerals to a "strong-buy" rating in a report on Monday, July 22nd. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $11.17.

Hudbay Minerals Price Performance

HBM traded up $0.37 during midday trading on Monday, hitting $8.89. The stock had a trading volume of 2,728,739 shares, compared to its average volume of 3,112,934. The company has a market cap of $3.50 billion, a P/E ratio of 38.63 and a beta of 1.78. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.49 and a current ratio of 1.86. Hudbay Minerals has a 1 year low of $4.30 and a 1 year high of $10.49. The business has a fifty day moving average of $8.84 and a 200 day moving average of $8.68.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of HBM. Mountaineer Partners Management LLC grew its holdings in Hudbay Minerals by 792.5% during the 3rd quarter. Mountaineer Partners Management LLC now owns 10,323,605 shares of the mining company's stock valued at $94,874,000 after buying an additional 9,166,952 shares in the last quarter. Regal Partners Ltd bought a new position in Hudbay Minerals in the 2nd quarter worth about $22,956,000. Artemis Investment Management LLP purchased a new position in Hudbay Minerals during the 3rd quarter worth $20,907,000. TD Asset Management Inc raised its holdings in shares of Hudbay Minerals by 199.4% in the second quarter. TD Asset Management Inc now owns 2,906,301 shares of the mining company's stock valued at $26,294,000 after acquiring an additional 1,935,709 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of Hudbay Minerals by 2,521.9% during the second quarter. Cubist Systematic Strategies LLC now owns 1,752,685 shares of the mining company's stock valued at $15,861,000 after purchasing an additional 1,685,836 shares in the last quarter. Institutional investors own 57.82% of the company's stock.

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.