Hudbay Minerals Q4 EPS Estimate Decreased by Raymond James

Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM - Stock analysts at Raymond James decreased their Q4 2024 earnings per share estimates for shares of Hudbay Minerals in a note issued to investors on Thursday, February 6th. Raymond James analyst F. Hamed now expects that the mining company will post earnings per share of $0.19 for the quarter, down from their prior estimate of $0.27. The consensus estimate for Hudbay Minerals' current full-year earnings is $0.48 per share.

Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last posted its quarterly earnings results on Wednesday, November 13th. The mining company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.09. Hudbay Minerals had a net margin of 4.23% and a return on equity of 7.44%. The business had revenue of $485.80 million during the quarter, compared to the consensus estimate of $454.47 million. During the same period in the previous year, the firm posted $0.07 earnings per share. The firm's revenue for the quarter was up 1.1% on a year-over-year basis.

Separately, StockNews.com raised shares of Hudbay Minerals from a "hold" rating to a "buy" rating in a research report on Friday. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Hudbay Minerals currently has a consensus rating of "Buy" and an average price target of $11.17.

Hudbay Minerals Trading Down 5.2 %

HBM traded down $0.50 on Monday, hitting $9.09. 2,710,656 shares of the company were exchanged, compared to its average volume of 5,719,255. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.47 and a current ratio of 1.86. Hudbay Minerals has a 12 month low of $4.94 and a 12 month high of $10.49. The firm has a fifty day simple moving average of $8.60 and a two-hundred day simple moving average of $8.49. The stock has a market capitalization of $3.59 billion, a PE ratio of 39.55 and a beta of 1.74.

Institutional Investors Weigh In On Hudbay Minerals

A number of large investors have recently modified their holdings of HBM. Prospera Private Wealth LLC purchased a new stake in Hudbay Minerals in the third quarter worth about $28,000. Exchange Traded Concepts LLC bought a new position in shares of Hudbay Minerals in the 3rd quarter worth approximately $53,000. Clear Harbor Asset Management LLC purchased a new position in shares of Hudbay Minerals in the 3rd quarter valued at approximately $92,000. Plato Investment Management Ltd bought a new stake in shares of Hudbay Minerals during the fourth quarter valued at approximately $95,000. Finally, First Affirmative Financial Network purchased a new stake in Hudbay Minerals in the third quarter worth $103,000. 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.