Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM - Research analysts at National Bank Financial lowered their Q1 2025 EPS estimates for Hudbay Minerals in a report released on Tuesday, April 15th. National Bank Financial analyst S. Nagle now expects that the mining company will post earnings of $0.05 per share for the quarter, down from their previous estimate of $0.10. The consensus estimate for Hudbay Minerals' current full-year earnings is $0.79 per share.
Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last issued its earnings results on Wednesday, February 19th. The mining company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). The firm had revenue of $584.90 million during the quarter, compared to the consensus estimate of $588.28 million. Hudbay Minerals had a net margin of 3.80% and a return on equity of 7.29%. The business's quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.20 earnings per share.
Other equities research analysts have also recently issued research reports about the stock. Desjardins assumed coverage on shares of Hudbay Minerals in a report on Friday, April 4th. They set a "buy" rating on the stock. StockNews.com upgraded Hudbay Minerals from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. BMO Capital Markets initiated coverage on Hudbay Minerals in a report on Wednesday, April 16th. They set an "outperform" rating for the company. Finally, Stifel Canada raised shares of Hudbay Minerals to a "strong-buy" rating in a report on Wednesday, March 19th. Four investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Hudbay Minerals presently has an average rating of "Buy" and an average target price of $14.00.
View Our Latest Report on HBM
Hudbay Minerals Stock Performance
Shares of HBM traded up $0.21 during trading hours on Thursday, hitting $7.14. The company's stock had a trading volume of 1,728,562 shares, compared to its average volume of 7,346,186. The business has a 50 day simple moving average of $7.44 and a two-hundred day simple moving average of $8.35. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 39.64 and a beta of 1.62. Hudbay Minerals has a 52-week low of $5.95 and a 52-week high of $10.49. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.86 and a quick ratio of 1.47.
Hedge Funds Weigh In On Hudbay Minerals
Institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its position in shares of Hudbay Minerals by 9,877.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the mining company's stock valued at $25,000 after acquiring an additional 3,062 shares during the last quarter. Algert Global LLC purchased a new position in Hudbay Minerals in the 4th quarter worth approximately $86,000. Plato Investment Management Ltd bought a new position in shares of Hudbay Minerals in the 4th quarter worth $95,000. Hsbc Holdings PLC purchased a new stake in shares of Hudbay Minerals during the 4th quarter valued at $97,000. Finally, Advisory Services Network LLC purchased a new position in Hudbay Minerals in the fourth quarter worth $101,000. 57.82% of the stock is currently owned by institutional investors.
Hudbay Minerals Increases Dividend
The firm also recently announced a semi-annual dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, March 4th were given a dividend of $0.007 per share. This represents a yield of 0.2%. This is a boost from Hudbay Minerals's previous semi-annual dividend of $0.01. The ex-dividend date of this dividend was Tuesday, March 4th. Hudbay Minerals's payout ratio is presently 5.56%.
About Hudbay Minerals
(
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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.
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