Cormark Has Bullish Forecast for Hudbay Minerals Q1 Earnings

Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM - Equities researchers at Cormark upped their Q1 2025 earnings estimates for Hudbay Minerals in a report issued on Wednesday, April 16th. Cormark analyst S. Ioannou now forecasts that the mining company will post earnings per share of $0.17 for the quarter, up from their prior forecast of $0.12. The consensus estimate for Hudbay Minerals' current full-year earnings is $0.79 per share. Cormark also issued estimates for Hudbay Minerals' Q4 2025 earnings at $0.01 EPS.

Other research analysts also recently issued reports about the stock. Desjardins started coverage on shares of Hudbay Minerals in a research report on Friday, April 4th. They issued a "buy" rating on the stock. BMO Capital Markets started coverage on Hudbay Minerals in a report on Wednesday, April 16th. They issued an "outperform" rating for the company. Stifel Canada upgraded Hudbay Minerals to a "strong-buy" rating in a report on Wednesday, March 19th. Finally, StockNews.com upgraded Hudbay Minerals from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Four analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $14.00.

Hudbay Minerals Price Performance

Shares of NYSE HBM traded up $0.22 during mid-day trading on Friday, reaching $7.32. The company had a trading volume of 4,017,897 shares, compared to its average volume of 4,738,679. The company has a 50-day moving average price of $7.40 and a two-hundred day moving average price of $8.34. The stock has a market cap of $2.89 billion, a PE ratio of 40.67 and a beta of 1.62. Hudbay Minerals has a 1-year low of $5.95 and a 1-year high of $10.49. The company has a current ratio of 1.86, a quick ratio of 1.47 and a debt-to-equity ratio of 0.44.

Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last issued its quarterly earnings results on Wednesday, February 19th. The mining company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.02). The business had revenue of $584.90 million during the quarter, compared to analyst estimates of $588.28 million. Hudbay Minerals had a net margin of 3.80% and a return on equity of 7.29%. Hudbay Minerals's revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.20 earnings per share.

Institutional Investors Weigh In On Hudbay Minerals

A number of hedge funds and other institutional investors have recently made changes to their positions in HBM. Tower Research Capital LLC TRC raised its holdings in shares of Hudbay Minerals by 9,877.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the mining company's stock valued at $25,000 after purchasing an additional 3,062 shares in the last quarter. Algert Global LLC bought a new stake in Hudbay Minerals during the fourth quarter worth approximately $86,000. Plato Investment Management Ltd acquired a new position in Hudbay Minerals during the fourth quarter valued at approximately $95,000. Hsbc Holdings PLC bought a new position in shares of Hudbay Minerals in the fourth quarter valued at approximately $97,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Hudbay Minerals in the fourth quarter worth $101,000. 57.82% of the stock is owned by hedge funds and other institutional investors.

Hudbay Minerals Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, March 4th were paid a $0.007 dividend. The ex-dividend date was Tuesday, March 4th. This represents a yield of 0.2%. This is an increase from Hudbay Minerals's previous semi-annual dividend of $0.01. Hudbay Minerals's payout ratio is 5.56%.

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.