Q4 Earnings Forecast for Hudbay Minerals Issued By Cormark

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) – Equities researchers at Cormark lifted their Q4 2024 earnings per share (EPS) estimates for shares of Hudbay Minerals in a research note issued on Thursday, November 14th. Cormark analyst S. Ioannou now anticipates that the mining company will post earnings per share of $0.36 for the quarter, up from their previous forecast of $0.32. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.48 per share. Cormark also issued estimates for Hudbay Minerals’ Q1 2025 earnings at $0.25 EPS, Q2 2025 earnings at $0.25 EPS, Q3 2025 earnings at $0.25 EPS, Q4 2025 earnings at $0.18 EPS and FY2025 earnings at $0.93 EPS.

Several other research analysts have also weighed in on HBM. StockNews.com upgraded shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a research report on Friday. Jefferies Financial Group raised Hudbay Minerals from a “hold” rating to a “buy” rating in a research note on Wednesday, August 14th. Finally, Stifel Canada raised Hudbay Minerals to a “strong-buy” rating in a report on Monday, July 22nd. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $11.17.

Hudbay Minerals Price Performance

Shares of NYSE HBM opened at $8.52 on Friday. The company’s fifty day moving average is $8.79 and its two-hundred day moving average is $8.68. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.49 and a current ratio of 1.86. The firm has a market capitalization of $3.35 billion, a P/E ratio of 37.05 and a beta of 1.78. Hudbay Minerals has a one year low of $4.27 and a one year high of $10.49.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Mountaineer Partners Management LLC raised its position 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 last quarter. Vanguard Group Inc. boosted its holdings in shares of Hudbay Minerals by 3.2% during the first quarter. Vanguard Group Inc. now owns 8,694,436 shares of the mining company’s stock worth $60,861,000 after purchasing an additional 272,635 shares during the last quarter. Bank of Montreal Can grew 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 valued at $71,308,000 after purchasing an additional 1,441,991 shares during the period. Condire Management LP increased its stake in Hudbay Minerals by 4.2% in the first quarter. Condire Management LP now owns 4,226,553 shares of the mining company’s stock valued at $29,586,000 after purchasing an additional 169,310 shares during the last quarter. Finally, Donald Smith & CO. Inc. boosted its stake in Hudbay Minerals by 31.9% in the 3rd quarter. Donald Smith & CO. Inc. now owns 3,748,780 shares of the mining company’s stock worth $34,451,000 after buying an additional 906,417 shares during the last quarter. Institutional investors and hedge funds own 57.82% of the company’s stock.

About Hudbay Minerals

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.