Hudbay Minerals Q1 EPS Decreased by National Bank Financial

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) – Equities research analysts at National Bank Financial cut their Q1 2025 EPS estimates for shares of Hudbay Minerals in a research report issued to clients and investors on Tuesday, April 15th. National Bank Financial analyst S. Nagle now expects that the mining company will post earnings of $0.05 per share for the quarter, down from their previous estimate of $0.10. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.79 per share.

HBM has been the topic of several other research reports. Desjardins started coverage on Hudbay Minerals in a report on Friday, April 4th. They set a “buy” rating on the stock. StockNews.com raised Hudbay Minerals from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Stifel Canada raised shares of Hudbay Minerals to a “strong-buy” rating in a research note on Wednesday, March 19th. Finally, BMO Capital Markets assumed coverage on shares of Hudbay Minerals in a research report on Wednesday. They issued an “outperform” rating on the stock. Four equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $14.00.

Hudbay Minerals Stock Down 0.3 %

HBM stock opened at $7.04 on Thursday. The company has a 50 day moving average price of $7.48 and a two-hundred day moving average price of $8.38. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.47 and a current ratio of 1.86. The stock has a market capitalization of $2.78 billion, a P/E ratio of 39.12 and a beta of 1.62. Hudbay Minerals has a one year low of $5.95 and a one year high of $10.49.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last issued its quarterly earnings results on Wednesday, February 19th. The mining company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The firm had revenue of $584.90 million for the quarter, compared to analysts’ expectations of $588.28 million. Hudbay Minerals had a return on equity of 7.29% and a net margin of 3.80%. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.20 earnings per share.

Hedge Funds Weigh In On Hudbay Minerals

A number of large investors have recently modified their holdings of HBM. Tower Research Capital LLC TRC increased its position in Hudbay Minerals by 9,877.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the mining company’s stock worth $25,000 after purchasing an additional 3,062 shares in the last quarter. Algert Global LLC purchased a new stake in Hudbay Minerals during the fourth quarter worth approximately $86,000. Plato Investment Management Ltd acquired a new stake in shares of Hudbay Minerals in the fourth quarter worth $95,000. Hsbc Holdings PLC purchased a new position in shares of Hudbay Minerals in the 4th quarter valued at $97,000. Finally, Advisory Services Network LLC acquired a new position in shares of Hudbay Minerals during the 4th quarter valued at $101,000. 57.82% of the stock is currently owned by hedge funds and other institutional investors.

Hudbay Minerals Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, March 4th were paid a dividend of $0.007 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This is a positive change from Hudbay Minerals’s previous semi-annual dividend of $0.01. This represents a yield of 0.2%. Hudbay Minerals’s dividend payout ratio is currently 5.56%.

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.