FY2025 EPS Estimates for Hudbay Minerals Inc. Boosted by Analyst (NYSE:HBM)

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) – Research analysts at Cormark upped their FY2025 earnings per share estimates for Hudbay Minerals in a research note issued on Monday, April 29th. Cormark analyst S. Ioannou now anticipates that the mining company will earn $0.60 per share for the year, up from their prior estimate of $0.39. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.40 per share. Cormark also issued estimates for Hudbay Minerals’ FY2026 earnings at $0.17 EPS.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last announced its quarterly earnings data on Friday, February 23rd. The mining company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.14 by $0.06. The company had revenue of $602.20 million for the quarter, compared to the consensus estimate of $552.74 million. Hudbay Minerals had a net margin of 3.95% and a return on equity of 3.86%. Hudbay Minerals’s revenue for the quarter was up 87.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.01 EPS.

A number of other analysts have also commented on the company. Bank of America raised Hudbay Minerals from a “neutral” rating to a “buy” rating and set a $9.00 target price for the company in a report on Tuesday, April 9th. Stifel Nicolaus started coverage on shares of Hudbay Minerals in a research note on Tuesday, March 26th. They set a “buy” rating on the stock. Raymond James lifted their price target on shares of Hudbay Minerals from $9.00 to $10.50 and gave the stock an “outperform” rating in a research note on Wednesday, March 20th. StockNews.com upgraded shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a research report on Friday, March 29th. Finally, Jefferies Financial Group initiated coverage on shares of Hudbay Minerals in a research report on Friday. They issued a “hold” rating and a $13.00 target price for the company. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $10.21.

Hudbay Minerals Price Performance

Shares of HBM opened at $8.36 on Thursday. Hudbay Minerals has a twelve month low of $3.94 and a twelve month high of $8.85. The company has a market capitalization of $2.93 billion, a P/E ratio of 41.65, a price-to-earnings-growth ratio of 0.90 and a beta of 1.88. The firm has a 50 day moving average of $7.10 and a 200 day moving average of $5.73. The company has a quick ratio of 0.87, a current ratio of 1.25 and a debt-to-equity ratio of 0.61.

Hudbay Minerals Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 5th were paid a dividend of $0.0074 per share. This represents a dividend yield of 0.3%. The ex-dividend date was Monday, March 4th. Hudbay Minerals’s dividend payout ratio is presently 5.00%.

Institutional Investors Weigh In On Hudbay Minerals

Hedge funds have recently modified their holdings of the business. Jennison Associates LLC lifted its holdings in Hudbay Minerals by 92.7% in the 1st quarter. Jennison Associates LLC now owns 2,821,920 shares of the mining company’s stock worth $19,757,000 after purchasing an additional 1,357,241 shares in the last quarter. Hartree Partners LP grew its stake in Hudbay Minerals by 34.6% during the first quarter. Hartree Partners LP now owns 161,626 shares of the mining company’s stock valued at $1,131,000 after acquiring an additional 41,537 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Hudbay Minerals by 46.3% in the 1st quarter. BNP Paribas Financial Markets now owns 185,166 shares of the mining company’s stock valued at $1,296,000 after acquiring an additional 58,585 shares during the last quarter. Galibier Capital Management Ltd. bought a new stake in Hudbay Minerals in the 1st quarter valued at $12,604,000. Finally, Register Financial Advisors LLC purchased a new stake in Hudbay Minerals in the 1st quarter worth $35,000. Institutional investors 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.