Hudbay Minerals FY2028 EPS Forecast Cut by Stifel Canada

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) – Equities researchers at Stifel Canada decreased their FY2028 EPS estimates for shares of Hudbay Minerals in a research report issued to clients and investors on Monday, December 16th. Stifel Canada analyst C. Mcgill now anticipates that the mining company will earn $1.08 per share for the year, down from their prior estimate of $1.21. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.55 per share.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last announced its quarterly earnings data on Wednesday, November 13th. The mining company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.09. Hudbay Minerals had a return on equity of 7.44% and a net margin of 4.23%. The firm had revenue of $485.80 million for the quarter, compared to analyst estimates of $454.47 million. Hudbay Minerals’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.07 earnings per share.

Separately, StockNews.com raised shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Hudbay Minerals currently has an average rating of “Buy” and an average target price of $11.17.

Hudbay Minerals Stock Performance

Shares of HBM opened at $8.24 on Thursday. The company has a quick ratio of 1.47, a current ratio of 1.86 and a debt-to-equity ratio of 0.44. Hudbay Minerals has a 52-week low of $4.94 and a 52-week high of $10.49. The company has a 50-day simple moving average of $9.03 and a 200-day simple moving average of $8.60. The company has a market capitalization of $3.25 billion, a PE ratio of 35.83 and a beta of 1.77.

Institutional Investors Weigh In On Hudbay Minerals

A number of large investors have recently added to or reduced their stakes in the business. Prospera Private Wealth LLC purchased a new position in Hudbay Minerals during the third quarter worth $28,000. Exchange Traded Concepts LLC acquired a new stake in shares of Hudbay Minerals during the third quarter valued at $53,000. Clear Harbor Asset Management LLC purchased a new stake in Hudbay Minerals during the 3rd quarter worth about $92,000. Ritholtz Wealth Management acquired a new position in Hudbay Minerals in the 2nd quarter valued at about $96,000. Finally, Armistice Capital LLC acquired a new position in Hudbay Minerals in the 2nd quarter valued at about $97,000. 57.82% of the stock is owned by institutional investors and hedge funds.

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.