FY2025 EPS Estimates for Hudbay Minerals Cut by Analyst

Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM - Analysts at National Bank Financial decreased their FY2025 earnings per share estimates for Hudbay Minerals in a research report issued on Tuesday, February 4th. National Bank Financial analyst S. Nagle now forecasts that the mining company will post earnings per share of $0.55 for the year, down from their prior forecast of $0.68. The consensus estimate for Hudbay Minerals' current full-year earnings is $0.48 per share.

Separately, StockNews.com upgraded Hudbay Minerals from a "hold" rating to a "buy" rating in a report on Friday. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $11.17.

Hudbay Minerals Stock Performance

Shares of Hudbay Minerals stock traded up $0.25 during mid-day trading on Thursday, hitting $9.59. 6,851,478 shares of the stock were exchanged, compared to its average volume of 5,773,507. The company has a market capitalization of $3.79 billion, a P/E ratio of 41.68 and a beta of 1.74. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.47 and a current ratio of 1.86. The company has a 50-day simple moving average of $8.58 and a 200 day simple moving average of $8.48. Hudbay Minerals has a 12 month low of $4.94 and a 12 month high of $10.49.

Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last released its quarterly earnings results on Wednesday, November 13th. The mining company reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.09. Hudbay Minerals had a net margin of 4.23% and a return on equity of 7.44%. 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 firm earned $0.07 earnings per share. The firm's revenue was up 1.1% on a year-over-year basis.

Institutional Investors Weigh In On Hudbay Minerals

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Algert Global LLC purchased a new position in shares of Hudbay Minerals in the second quarter worth about $111,000. Artemis Investment Management LLP purchased a new position in Hudbay Minerals in the 3rd quarter valued at approximately $20,907,000. Strong Tower Advisory Services raised its holdings in Hudbay Minerals by 8.0% during the 3rd quarter. Strong Tower Advisory Services now owns 61,842 shares of the mining company's stock valued at $568,000 after acquiring an additional 4,599 shares during the period. First Affirmative Financial Network purchased a new stake in shares of Hudbay Minerals during the third quarter worth $103,000. Finally, Exchange Traded Concepts LLC bought a new position in shares of Hudbay Minerals in the third quarter worth $53,000. 57.82% of the stock is currently owned by 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.