Hudbay Minerals Q1 EPS Forecast Decreased by Stifel Canada

Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM - Analysts at Stifel Canada cut their Q1 2025 earnings per share estimates for Hudbay Minerals in a research note issued on Tuesday, April 15th. Stifel Canada analyst R. Profiti now forecasts that the mining company will post earnings of $0.08 per share for the quarter, down from their prior estimate of $0.18. Stifel Canada has a "Strong-Buy" rating on the stock. The consensus estimate for Hudbay Minerals' current full-year earnings is $0.79 per share. Stifel Canada also issued estimates for Hudbay Minerals' FY2025 earnings at $0.37 EPS and FY2026 earnings at $0.41 EPS.

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

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

Hudbay Minerals Stock Up 3.1 %

Hudbay Minerals stock traded up $0.22 during trading on Friday, reaching $7.32. 4,017,897 shares of the company's stock were exchanged, compared to its average volume of 4,738,679. Hudbay Minerals has a 52-week low of $5.95 and a 52-week high of $10.49. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 40.67 and a beta of 1.62. 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's 50-day moving average is $7.40 and its two-hundred day moving average is $8.34.

Hudbay Minerals Increases Dividend

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

Institutional Trading of Hudbay Minerals

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC increased its position in shares of Hudbay Minerals by 2,414.5% in the 3rd quarter. Barclays PLC now owns 86,475 shares of the mining company's stock worth $795,000 after purchasing an additional 83,036 shares during the last quarter. Artemis Investment Management LLP increased its holdings in shares of Hudbay Minerals by 13.3% in the 4th quarter. Artemis Investment Management LLP now owns 2,574,709 shares of the mining company's stock valued at $20,858,000 after acquiring an additional 301,455 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Hudbay Minerals during the fourth quarter valued at $183,000. HighTower Advisors LLC acquired a new position in shares of Hudbay Minerals in the 3rd quarter valued at about $413,000. Finally, Galibier Capital Management Ltd. raised its stake in Hudbay Minerals by 3.7% during the fourth quarter. Galibier Capital Management Ltd. now owns 2,613,432 shares of the mining company's stock worth $21,188,000 after acquiring an additional 92,324 shares during the period. Institutional investors own 57.82% of the company's stock.

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.