Hudbay Minerals Q4 EPS Increased by National Bank Financial

Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM - National Bank Financial upped their Q4 2024 EPS estimates for Hudbay Minerals in a report released on Wednesday, November 13th. National Bank Financial analyst S. Nagle now forecasts that the mining company will earn $0.18 per share for the quarter, up from their prior forecast of $0.05. The consensus estimate for Hudbay Minerals' current full-year earnings is $0.49 per share. National Bank Financial also issued estimates for Hudbay Minerals' Q1 2025 earnings at $0.20 EPS and FY2026 earnings at $0.46 EPS.

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, beating the consensus estimate of $0.04 by $0.09. The company had revenue of $485.80 million during the quarter, compared to analysts' expectations of $454.47 million. Hudbay Minerals had a net margin of 4.23% and a return on equity of 7.68%. Hudbay Minerals's quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the company posted $0.07 earnings per share.

Several other equities analysts have also 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 shares of Hudbay Minerals from a "hold" rating to a "buy" rating in a research report on Friday. Finally, Stifel Canada upgraded shares of Hudbay Minerals to a "strong-buy" rating in a report on Monday, July 22nd. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $11.17.

Hudbay Minerals Price Performance

HBM stock traded up $0.29 during trading on Monday, hitting $8.81. 1,223,023 shares of the company's stock traded hands, compared to its average volume of 3,109,217. Hudbay Minerals has a 52 week low of $4.30 and a 52 week high of $10.49. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.49 and a current ratio of 1.86. The business has a fifty day simple moving average of $8.79 and a 200 day simple moving average of $8.68. The stock has a market capitalization of $3.47 billion, a price-to-earnings ratio of 37.05 and a beta of 1.78.

Hedge Funds Weigh In On Hudbay Minerals

Large investors have recently made changes to their positions in the company. Mountaineer Partners Management LLC increased its holdings in Hudbay Minerals by 792.5% in the 3rd quarter. Mountaineer Partners Management LLC now owns 10,323,605 shares of the mining company's stock worth $94,874,000 after acquiring an additional 9,166,952 shares in the last quarter. Regal Partners Ltd purchased a new stake in shares of Hudbay Minerals in the second quarter valued at about $22,956,000. Artemis Investment Management LLP purchased a new stake in shares of Hudbay Minerals in the third quarter valued at about $20,907,000. TD Asset Management Inc grew 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 purchasing an additional 1,935,709 shares during the period. Finally, Cubist Systematic Strategies LLC lifted its position in Hudbay Minerals by 2,521.9% in 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 buying an additional 1,685,836 shares during the last quarter. 57.82% of the stock is currently owned by institutional investors and hedge funds.

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.