Cormark Brokers Raise Earnings Estimates for Hudbay Minerals

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) – Equities researchers at Cormark boosted their FY2026 earnings per share (EPS) estimates for shares of Hudbay Minerals in a report released on Thursday, November 14th. Cormark analyst S. Ioannou now anticipates that the mining company will post earnings of $0.48 per share for the year, up from their previous forecast of $0.32. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.49 per share.

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

Hudbay Minerals Trading Up 4.3 %

Hudbay Minerals stock opened at $8.89 on Monday. The stock has a market cap of $3.50 billion, a PE ratio of 38.63 and a beta of 1.78. The company has a current ratio of 1.86, a quick ratio of 1.49 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average price of $8.84 and a 200 day moving average price of $8.68. Hudbay Minerals has a 52 week low of $4.30 and a 52 week high of $10.49.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last released its quarterly earnings results on Wednesday, November 13th. The mining company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.09. Hudbay Minerals had a return on equity of 7.68% and a net margin of 4.23%. The company had revenue of $485.80 million during the quarter, compared to the consensus estimate of $454.47 million. During the same quarter last year, the business posted $0.07 earnings per share. Hudbay Minerals’s revenue was up 1.1% compared to the same quarter last year.

Hedge Funds Weigh In On Hudbay Minerals

Several institutional investors and hedge funds have recently bought and sold shares of HBM. Prospera Private Wealth LLC purchased a new stake in shares of Hudbay Minerals during the 3rd quarter valued at $28,000. Exchange Traded Concepts LLC purchased a new stake in Hudbay Minerals during the third quarter valued at about $53,000. Clear Harbor Asset Management LLC purchased a new stake in Hudbay Minerals during the third quarter valued at about $92,000. Ritholtz Wealth Management acquired a new stake in Hudbay Minerals during the second quarter worth about $96,000. Finally, Armistice Capital LLC purchased a new position in shares of Hudbay Minerals in the 2nd quarter worth about $97,000. 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.