Stifel Canada Forecasts Weaker Earnings for Hudbay Minerals

Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM - Equities research analysts at Stifel Canada dropped their FY2028 earnings per share (EPS) estimates for shares of Hudbay Minerals in a research report issued on Monday, December 16th. Stifel Canada analyst C. Mcgill now expects that the mining company will earn $1.08 per share for the year, down from their prior estimate of $1.21. The consensus estimate for Hudbay Minerals' current full-year earnings is $0.55 per share.

Separately, StockNews.com upgraded Hudbay Minerals from a "hold" rating to a "buy" rating in a report on Friday, November 15th. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $11.17.

Hudbay Minerals Stock Up 0.9 %

Shares of HBM traded up $0.07 during mid-day trading on Thursday, hitting $7.91. The company's stock had a trading volume of 3,320,415 shares, compared to its average volume of 3,151,282. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 34.39 and a beta of 1.77. The company's 50-day moving average is $9.03 and its 200-day moving average is $8.60. The company has a current ratio of 1.86, a quick ratio of 1.47 and a debt-to-equity ratio of 0.44. Hudbay Minerals has a 52-week low of $4.94 and a 52-week high of $10.49.

Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last issued its earnings results on Wednesday, November 13th. The mining company reported $0.13 earnings per share (EPS) 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 company had revenue of $485.80 million for the quarter, compared to analysts' expectations of $454.47 million. During the same period in the prior year, the business earned $0.07 EPS. The firm's quarterly revenue was up 1.1% on a year-over-year basis.

Hedge Funds Weigh In On Hudbay Minerals

Institutional investors and hedge funds have recently bought and sold shares of the company. Prospera Private Wealth LLC acquired a new stake in shares of Hudbay Minerals in the 3rd quarter worth $28,000. Exchange Traded Concepts LLC purchased a new stake in Hudbay Minerals in the third quarter valued at about $53,000. Clear Harbor Asset Management LLC acquired a new stake in Hudbay Minerals in the third quarter worth about $92,000. Ritholtz Wealth Management purchased a new stake in shares of Hudbay Minerals during the second quarter worth about $96,000. Finally, Armistice Capital LLC acquired a new position in shares of Hudbay Minerals during the second quarter valued at about $97,000. 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.