Hudbay Minerals Q1 EPS Forecast Decreased by Raymond James

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) – Analysts at Raymond James lowered their Q1 2025 EPS estimates for Hudbay Minerals in a note issued to investors on Tuesday, April 15th. Raymond James analyst F. Hamed now anticipates that the mining company will earn $0.06 per share for the quarter, down from their prior estimate of $0.09. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.79 per share.

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

Several other brokerages have also commented on HBM. BMO Capital Markets assumed coverage on Hudbay Minerals in a research note on Wednesday. They issued an “outperform” rating on the stock. Stifel Canada raised shares of Hudbay Minerals to a “strong-buy” rating in a research report on Wednesday, March 19th. StockNews.com upgraded shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Finally, Desjardins assumed coverage on shares of Hudbay Minerals in a report on Friday, April 4th. They issued a “buy” rating on the stock. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $14.00.

Hudbay Minerals Trading Down 0.3 %

HBM opened at $7.04 on Thursday. The business’s 50 day moving average price is $7.48 and its 200 day moving average price is $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 PE 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 Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, March 4th were issued a dividend of $0.007 per share. This represents a yield of 0.2%. This is a boost from Hudbay Minerals’s previous semi-annual dividend of $0.01. The ex-dividend date was Tuesday, March 4th. Hudbay Minerals’s dividend payout ratio (DPR) is 5.56%.

Hedge Funds Weigh In On Hudbay Minerals

Institutional investors have recently bought and sold shares of the company. Strong Tower Advisory Services boosted its stake in shares of Hudbay Minerals by 40.3% in the first quarter. Strong Tower Advisory Services now owns 91,524 shares of the mining company’s stock valued at $695,000 after purchasing an additional 26,294 shares during the period. Pacifica Partners Inc. boosted its position in Hudbay Minerals by 1,126.5% in the 1st quarter. Pacifica Partners Inc. now owns 24,296 shares of the mining company’s stock valued at $172,000 after buying an additional 22,315 shares during the period. Polar Asset Management Partners Inc. grew its stake in shares of Hudbay Minerals by 121.7% in the fourth quarter. Polar Asset Management Partners Inc. now owns 1,694,700 shares of the mining company’s stock worth $13,550,000 after acquiring an additional 930,300 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Hudbay Minerals by 83.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 224,070 shares of the mining company’s stock worth $1,817,000 after acquiring an additional 102,179 shares during the period. Finally, Vise Technologies Inc. acquired a new stake in shares of Hudbay Minerals in the fourth quarter valued at $193,000. 57.82% of the stock is owned by institutional investors and hedge funds.

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.