Q4 EPS Estimate for Hudbay Minerals Boosted by Analyst

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) – Equities researchers at Paradigm Capital lifted their Q4 2024 EPS estimates for Hudbay Minerals in a research report issued to clients and investors on Tuesday, October 22nd. Paradigm Capital analyst J. Woolley now expects that the mining company will earn $0.18 per share for the quarter, up from their previous estimate of $0.16. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.49 per share. Paradigm Capital also issued estimates for Hudbay Minerals’ FY2028 earnings at $0.94 EPS.

A number of other analysts also recently issued reports on HBM. StockNews.com downgraded Hudbay Minerals from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Jefferies Financial Group raised Hudbay Minerals from a “hold” rating to a “buy” rating in a research report on Wednesday, August 14th. Finally, Stifel Canada upgraded Hudbay Minerals to a “strong-buy” rating in a research note on Monday, July 22nd. One analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Hudbay Minerals currently has an average rating of “Buy” and an average target price of $11.17.

Hudbay Minerals Stock Up 0.9 %

Shares of HBM stock opened at $9.62 on Friday. The firm’s fifty day moving average price is $8.42 and its two-hundred day moving average price is $8.56. The company has a current ratio of 1.86, a quick ratio of 1.49 and a debt-to-equity ratio of 0.47. Hudbay Minerals has a 1 year low of $3.94 and a 1 year high of $10.49. The firm has a market capitalization of $3.79 billion, a P/E ratio of 41.83 and a beta of 1.77.

Hedge Funds Weigh In On Hudbay Minerals

Institutional investors have recently bought and sold shares of the business. Galibier Capital Management Ltd. acquired a new stake in shares of Hudbay Minerals in the first quarter valued at approximately $12,604,000. Vanguard Group Inc. increased its holdings in shares of Hudbay Minerals by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 8,694,436 shares of the mining company’s stock worth $60,861,000 after acquiring an additional 272,635 shares during the last quarter. BNP Paribas Financial Markets raised its stake 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 period. Boston Partners lifted its holdings in Hudbay Minerals by 29.1% during the 1st quarter. Boston Partners now owns 552,226 shares of the mining company’s stock valued at $3,866,000 after purchasing an additional 124,376 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in Hudbay Minerals by 88.8% during the first quarter. Russell Investments Group Ltd. now owns 281,015 shares of the mining company’s stock worth $1,969,000 after purchasing an additional 132,142 shares during the period. Institutional investors and hedge funds own 57.82% of the company’s stock.

Hudbay Minerals Cuts Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Friday, September 20th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.007 per share. This represents a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, September 3rd. Hudbay Minerals’s payout ratio is currently 4.35%.

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.