Hudbay Minerals Q4 EPS Increased by National Bank Financial

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) – Equities researchers at National Bank Financial raised their Q4 2024 EPS estimates for shares of Hudbay Minerals in a note issued to investors on Wednesday, November 13th. National Bank Financial analyst S. Nagle now forecasts that the mining company will earn $0.18 per share for the quarter, up from their prior forecast of $0.05. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.49 per share. National Bank Financial also issued estimates for Hudbay Minerals’ Q1 2025 earnings at $0.20 EPS and FY2026 earnings at $0.46 EPS.

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

Hudbay Minerals Stock Up 4.3 %

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

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last announced its earnings results on Wednesday, November 13th. The mining company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.09. Hudbay Minerals had a net margin of 4.23% and a return on equity of 7.68%. The business 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 firm earned $0.07 earnings per share. The business’s revenue for the quarter was up 1.1% on a year-over-year basis.

Institutional Investors Weigh In On Hudbay Minerals

Large investors have recently bought and sold shares of the business. Teachers Retirement System of The State of Kentucky purchased a new stake in Hudbay Minerals in the third quarter worth approximately $2,771,000. Toronto Dominion Bank grew 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 worth $2,085,000 after acquiring an additional 170,257 shares during the period. Geode Capital Management LLC increased its position in Hudbay Minerals by 4.9% during the third quarter. Geode Capital Management LLC now owns 183,967 shares of the mining company’s stock valued at $1,700,000 after acquiring an additional 8,664 shares during the last quarter. Barclays PLC lifted its holdings in Hudbay Minerals by 2,414.5% in the third quarter. Barclays PLC now owns 86,475 shares of the mining company’s stock valued at $795,000 after acquiring an additional 83,036 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Hudbay Minerals during the 3rd quarter valued at about $1,122,000. 57.82% of the stock is currently 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.