Hudbay Minerals FY2028 EPS Estimate Cut by Stifel Canada

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) – Equities researchers at Stifel Canada reduced their FY2028 earnings per share estimates for Hudbay Minerals in a note issued to investors 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 previous forecast of $1.21. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.55 per share.

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

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. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $11.17.

Hudbay Minerals Stock Performance

HBM stock traded up $0.04 during midday trading on Thursday, reaching $7.88. 828,048 shares of the company were exchanged, compared to its average volume of 3,139,587. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 34.26 and a beta of 1.77. The business has a 50-day moving average price of $9.05 and a two-hundred day moving average price of $8.61. Hudbay Minerals has a one year low of $4.94 and a one year 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.

Institutional Investors Weigh In On Hudbay Minerals

A number of institutional investors have recently modified their holdings of the business. Mountaineer Partners Management LLC boosted its stake in shares of Hudbay Minerals by 792.5% in the third quarter. Mountaineer Partners Management LLC now owns 10,323,605 shares of the mining company’s stock valued at $94,874,000 after buying an additional 9,166,952 shares during the period. Bank of Montreal Can increased its position in shares of Hudbay Minerals by 23.1% in the third quarter. Bank of Montreal Can now owns 7,691,519 shares of the mining company’s stock worth $71,308,000 after purchasing an additional 1,441,991 shares during the period. Donald Smith & CO. Inc. raised its stake in Hudbay Minerals by 31.9% in the third quarter. Donald Smith & CO. Inc. now owns 3,748,780 shares of the mining company’s stock valued at $34,451,000 after purchasing an additional 906,417 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Hudbay Minerals by 24.7% during the second quarter. Dimensional Fund Advisors LP now owns 3,545,340 shares of the mining company’s stock worth $32,084,000 after purchasing an additional 702,170 shares during the period. Finally, Jennison Associates LLC lifted its position in Hudbay Minerals by 12.2% during the third quarter. Jennison Associates LLC now owns 3,298,814 shares of the mining company’s stock worth $30,340,000 after purchasing an additional 359,126 shares during the period. 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.