Cormark Has Weak Outlook for Hudbay Minerals FY2025 Earnings

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) – Cormark reduced their FY2025 earnings estimates for shares of Hudbay Minerals in a research report issued to clients and investors on Tuesday, January 7th. Cormark analyst S. Ioannou now forecasts that the mining company will post earnings per share of $0.92 for the year, down from their previous forecast of $0.93. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.55 per share. Cormark also issued estimates for Hudbay Minerals’ Q4 2025 earnings at $0.17 EPS.

Separately, StockNews.com upgraded shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Five 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 presently has an average rating of “Buy” and an average price target of $11.17.

Hudbay Minerals Stock Down 0.5 %

HBM stock opened at $8.77 on Friday. The business’s 50-day moving average price is $8.74 and its 200-day moving average price is $8.54. The stock has a market cap of $3.45 billion, a P/E ratio of 38.13 and a beta of 1.76. 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 twelve month low of $4.94 and a twelve month high of $10.49.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last released its earnings results on Wednesday, November 13th. The mining company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.09. Hudbay Minerals had a return on equity of 7.44% and a net margin of 4.23%. The company had revenue of $485.80 million for the quarter, compared to the consensus estimate of $454.47 million. During the same period in the previous year, the business earned $0.07 earnings per share. Hudbay Minerals’s quarterly revenue was up 1.1% compared to the same quarter last year.

Institutional Trading of Hudbay Minerals

Several institutional investors and hedge funds have recently added to or reduced their stakes in HBM. Cinctive Capital Management LP grew its position in shares of Hudbay Minerals by 39.7% during the third quarter. Cinctive Capital Management LP now owns 410,669 shares of the mining company’s stock valued at $3,777,000 after purchasing an additional 116,732 shares in the last quarter. Bank of Montreal Can grew its holdings in Hudbay Minerals by 23.1% during the 3rd quarter. Bank of Montreal Can now owns 7,691,519 shares of the mining company’s stock valued at $71,308,000 after buying an additional 1,441,991 shares in the last quarter. Toronto Dominion Bank increased its stake in Hudbay Minerals by 300.9% in the 3rd quarter. Toronto Dominion Bank now owns 226,841 shares of the mining company’s stock worth $2,085,000 after acquiring an additional 170,257 shares during the last quarter. Artemis Investment Management LLP purchased a new stake in shares of Hudbay Minerals during the 3rd quarter worth approximately $20,907,000. Finally, Driehaus Capital Management LLC purchased a new stake in shares of Hudbay Minerals during the 2nd quarter worth approximately $14,718,000. 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.