Brokers Set Expectations for Hudbay Minerals Q4 Earnings

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) – Investment analysts at Stifel Canada raised their Q4 2024 EPS estimates for Hudbay Minerals in a research note issued on Monday, December 16th. Stifel Canada analyst C. Mcgill now forecasts that the mining company will earn $0.39 per share for the quarter, up from their previous forecast of $0.38. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.55 per share. Stifel Canada also issued estimates for Hudbay Minerals’ Q1 2025 earnings at $0.31 EPS, Q2 2025 earnings at $0.27 EPS, Q3 2025 earnings at $0.28 EPS, Q4 2025 earnings at $0.19 EPS, FY2025 earnings at $1.05 EPS, FY2026 earnings at $0.96 EPS and FY2027 earnings at $0.94 EPS.

Separately, StockNews.com raised shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Hudbay Minerals presently has a consensus rating of “Buy” and a consensus price target of $11.17.

Hudbay Minerals Stock Performance

Hudbay Minerals stock opened at $8.36 on Wednesday. The firm has a market capitalization of $3.29 billion, a P/E ratio of 36.35 and a beta of 1.77. The stock has a fifty day moving average price of $9.08 and a two-hundred day moving average price of $8.61. Hudbay Minerals has a 52-week low of $4.94 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.

Hudbay Minerals (NYSE:HBM) (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 analysts’ consensus estimates of $0.04 by $0.09. The business had revenue of $485.80 million during the quarter, compared to analysts’ expectations of $454.47 million. Hudbay Minerals had a return on equity of 7.44% and a net margin of 4.23%. Hudbay Minerals’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.07 EPS.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HBM. Cinctive Capital Management LP increased its position in Hudbay Minerals by 39.7% in the 3rd quarter. Cinctive Capital Management LP now owns 410,669 shares of the mining company’s stock valued at $3,777,000 after acquiring an additional 116,732 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Hudbay Minerals by 23.1% during the third quarter. Bank of Montreal Can now owns 7,691,519 shares of the mining company’s stock valued at $71,308,000 after purchasing an additional 1,441,991 shares during the last quarter. Artemis Investment Management LLP bought a new stake in shares of Hudbay Minerals during the third quarter valued at approximately $20,907,000. Toronto Dominion Bank increased its holdings in shares of Hudbay Minerals by 300.9% in the third quarter. Toronto Dominion Bank now owns 226,841 shares of the mining company’s stock valued at $2,085,000 after purchasing an additional 170,257 shares in the last quarter. Finally, Driehaus Capital Management LLC bought a new position in Hudbay Minerals in the 2nd quarter worth approximately $14,718,000. 57.82% of the stock is owned by 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.