Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM - Equities research analysts at Stifel Canada reduced their FY2024 EPS estimates for shares of Hudbay Minerals in a research note issued to investors on Thursday, January 23rd. Stifel Canada analyst C. Mcgill now expects that the mining company will post earnings of $0.41 per share for the year, down from their previous estimate of $0.68. The consensus estimate for Hudbay Minerals' current full-year earnings is $0.54 per share. Stifel Canada also issued estimates for Hudbay Minerals' Q4 2024 earnings at $0.12 EPS, FY2026 earnings at $1.01 EPS and FY2027 earnings at $0.98 EPS.
Separately, StockNews.com downgraded shares of Hudbay Minerals from a "buy" rating to a "hold" rating in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $11.17.
View Our Latest Stock Report on Hudbay Minerals
Shares of HBM stock opened at $8.60 on Monday. Hudbay Minerals has a one year low of $4.94 and a one year high of $10.49. The firm has a market cap of $3.39 billion, a price-to-earnings ratio of 37.37 and a beta of 1.76. The stock's fifty day simple moving average is $8.67 and its 200 day simple moving average is $8.48. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.86 and a quick ratio of 1.47.
Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last issued 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. The business had revenue of $485.80 million for the quarter, compared to analyst estimates of $454.47 million. Hudbay Minerals had a net margin of 4.23% and a return on equity of 7.44%. The firm's revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.07 EPS.
A number of institutional investors have recently made changes to their positions in the business. Prospera Private Wealth LLC bought a new stake in shares of Hudbay Minerals during the 3rd quarter worth approximately $28,000. Exchange Traded Concepts LLC bought a new stake in shares of Hudbay Minerals in the 3rd quarter valued at about $53,000. Clear Harbor Asset Management LLC acquired a new stake in Hudbay Minerals in the 3rd quarter valued at about $92,000. First Affirmative Financial Network bought a new position in Hudbay Minerals during the third quarter worth about $103,000. Finally, Algert Global LLC acquired a new position in Hudbay Minerals during the second quarter worth approximately $111,000. Institutional investors own 57.82% of the company's stock.
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.
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