Stifel Canada Upgrades Hudbay Minerals (NYSE:HBM) to Strong-Buy

Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM was upgraded by research analysts at Stifel Canada to a "strong-buy" rating in a research report issued on Wednesday,Zacks.com reports. Stifel Canada also issued estimates for Hudbay Minerals' FY2025 earnings at $0.55 EPS, FY2026 earnings at $0.57 EPS, FY2027 earnings at $0.47 EPS, FY2028 earnings at $0.66 EPS and FY2029 earnings at $0.95 EPS.

Separately, StockNews.com upgraded Hudbay Minerals from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $11.50.

Hudbay Minerals Price Performance

Shares of Hudbay Minerals stock traded up $0.14 during mid-day trading on Wednesday, reaching $8.29. 5,902,429 shares of the stock were exchanged, compared to its average volume of 4,022,625. Hudbay Minerals has a fifty-two week low of $6.42 and a fifty-two week high of $10.49. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 46.03 and a beta of 1.72. The firm has a 50-day simple moving average of $8.12 and a 200 day simple moving average of $8.51. The company has a current ratio of 1.86, a quick ratio of 1.47 and a debt-to-equity ratio of 0.44.

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Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last posted its quarterly earnings data on Wednesday, February 19th. The mining company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). The firm had revenue of $584.90 million for the quarter, compared to analyst estimates of $588.28 million. Hudbay Minerals had a return on equity of 7.29% and a net margin of 3.80%. The business's quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.20 EPS. On average, sell-side analysts predict that Hudbay Minerals will post 0.79 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HBM. Polar Asset Management Partners Inc. increased its stake in shares of Hudbay Minerals by 121.7% in the 4th quarter. Polar Asset Management Partners Inc. now owns 1,694,700 shares of the mining company's stock valued at $13,550,000 after buying an additional 930,300 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in Hudbay Minerals by 83.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 224,070 shares of the mining company's stock valued at $1,817,000 after acquiring an additional 102,179 shares during the last quarter. Vise Technologies Inc. acquired a new stake in Hudbay Minerals in the fourth quarter worth about $193,000. Woodline Partners LP lifted its position in Hudbay Minerals by 216.5% during the 4th quarter. Woodline Partners LP now owns 2,124,494 shares of the mining company's stock valued at $17,208,000 after purchasing an additional 1,453,173 shares during the period. Finally, Two Sigma Advisers LP boosted its stake in shares of Hudbay Minerals by 12.6% in the 4th quarter. Two Sigma Advisers LP now owns 783,146 shares of the mining company's stock valued at $6,343,000 after purchasing an additional 87,500 shares during 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.