Stifel Canada Boosts Earnings Estimates for Hudbay Minerals

Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM - Investment analysts at Stifel Canada lifted their FY2025 earnings per share estimates for Hudbay Minerals in a research report issued to clients and investors on Tuesday, October 15th. Stifel Canada analyst C. Mcgill now forecasts that the mining company will post earnings of $1.26 per share for the year, up from their previous forecast of $1.12. Stifel Canada currently has a "Strong-Buy" rating on the stock. The consensus estimate for Hudbay Minerals' current full-year earnings is $0.49 per share.

Several other equities analysts also recently weighed in on the stock. StockNews.com downgraded shares of Hudbay Minerals from a "buy" rating to a "hold" rating in a research note on Tuesday, August 13th. Jefferies Financial Group raised shares of Hudbay Minerals from a "hold" rating to a "buy" rating in a report on Wednesday, August 14th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Hudbay Minerals currently has an average rating of "Buy" and a consensus price target of $11.17.

Hudbay Minerals Stock Performance

HBM traded up $0.26 during trading hours on Friday, hitting $9.47. The stock had a trading volume of 2,427,800 shares, compared to its average volume of 3,121,345. Hudbay Minerals has a 1 year low of $3.94 and a 1 year high of $10.49. The company's fifty day simple moving average is $8.23 and its 200 day simple moving average is $8.48. The stock has a market cap of $3.73 billion, a PE ratio of 41.17 and a beta of 1.77. The company has a quick ratio of 1.49, a current ratio of 1.86 and a debt-to-equity ratio of 0.47.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HBM. Galibier Capital Management Ltd. purchased a new stake in shares of Hudbay Minerals in the first quarter worth $12,604,000. Vanguard Group Inc. raised its holdings in shares of Hudbay Minerals by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 8,694,436 shares of the mining company's stock valued at $60,861,000 after acquiring an additional 272,635 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Hudbay Minerals by 46.3% during the 1st quarter. BNP Paribas Financial Markets now owns 185,166 shares of the mining company's stock valued at $1,296,000 after acquiring an additional 58,585 shares during the last quarter. Boston Partners grew its holdings in shares of Hudbay Minerals by 29.1% during the first quarter. Boston Partners now owns 552,226 shares of the mining company's stock worth $3,866,000 after purchasing an additional 124,376 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Hudbay Minerals by 88.8% in the first quarter. Russell Investments Group Ltd. now owns 281,015 shares of the mining company's stock worth $1,969,000 after purchasing an additional 132,142 shares during the last quarter. 57.82% of the stock is owned by institutional investors.

Hudbay Minerals Cuts Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Friday, September 20th. Shareholders of record on Tuesday, September 3rd were paid a $0.007 dividend. This represents a yield of 0.2%. The ex-dividend date was Tuesday, September 3rd. Hudbay Minerals's dividend payout ratio is presently 4.35%.

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.