Raymond James Reduces Earnings Estimates for Hudbay Minerals

Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM - Investment analysts at Raymond James decreased their Q1 2025 earnings per share (EPS) estimates for Hudbay Minerals in a report issued on Tuesday, March 4th. Raymond James analyst F. Hamed now anticipates that the mining company will earn $0.20 per share for the quarter, down from their prior forecast of $0.24. The consensus estimate for Hudbay Minerals' current full-year earnings is $0.79 per share. Raymond James also issued estimates for Hudbay Minerals' Q2 2025 earnings at $0.18 EPS, Q3 2025 earnings at $0.15 EPS and Q4 2025 earnings at $0.10 EPS.

Separately, StockNews.com upgraded Hudbay Minerals from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Hudbay Minerals has a consensus rating of "Buy" and a consensus price target of $11.17.

Hudbay Minerals Stock Performance

NYSE HBM traded down $0.27 during trading hours on Thursday, reaching $6.97. The stock had a trading volume of 9,004,517 shares, compared to its average volume of 6,767,962. The stock has a fifty day moving average of $8.28 and a 200 day moving average of $8.51. The stock has a market cap of $2.75 billion, a P/E ratio of 38.70 and a beta of 1.72. Hudbay Minerals has a 52-week low of $6.20 and a 52-week high of $10.49. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.47 and a current ratio of 1.86.

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

Hudbay Minerals Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Friday, March 21st. Investors of record on Tuesday, March 4th will be issued a dividend of $0.007 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This is an increase from Hudbay Minerals's previous semi-annual dividend of $0.01. This represents a yield of 0.2%. Hudbay Minerals's dividend payout ratio is 5.56%.

Institutional Trading of Hudbay Minerals

A number of hedge funds have recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA boosted its holdings in Hudbay Minerals by 2.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 66,380 shares of the mining company's stock worth $538,000 after buying an additional 1,278 shares in the last quarter. Northwest & Ethical Investments L.P. raised its position in Hudbay Minerals by 0.8% during the third quarter. Northwest & Ethical Investments L.P. now owns 197,289 shares of the mining company's stock worth $1,815,000 after acquiring an additional 1,487 shares during the period. Van ECK Associates Corp raised its position in Hudbay Minerals by 0.4% during the third quarter. Van ECK Associates Corp now owns 451,628 shares of the mining company's stock worth $4,213,000 after acquiring an additional 1,960 shares during the period. Sprott Inc. raised its position in Hudbay Minerals by 3.5% during the fourth quarter. Sprott Inc. now owns 63,662 shares of the mining company's stock worth $516,000 after acquiring an additional 2,162 shares during the period. Finally, MQS Management LLC raised its position in Hudbay Minerals by 8.2% during the third quarter. MQS Management LLC now owns 34,231 shares of the mining company's stock worth $315,000 after acquiring an additional 2,592 shares during the period. 57.82% of the stock is owned by hedge funds and other institutional investors.

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.