FY2027 EPS Estimates for HudBay Minerals Lowered by Analyst

HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) – Equities researchers at Scotiabank decreased their FY2027 earnings estimates for HudBay Minerals in a report released on Thursday, February 26th. Scotiabank analyst O. Wowkodaw now expects that the mining company will post earnings per share of $1.71 for the year, down from their previous forecast of $1.72. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for HudBay Minerals’ current full-year earnings is $0.79 per share.

HudBay Minerals (NYSE:HBM) (TSE:HBM) last announced its earnings results on Friday, February 20th. The mining company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.18). The firm had revenue of $732.90 million during the quarter, compared to analysts’ expectations of $730.13 million. HudBay Minerals had a net margin of 25.71% and a return on equity of 8.91%. HudBay Minerals’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.18 earnings per share.

A number of other brokerages have also issued reports on HBM. Raymond James Financial reaffirmed an “outperform” rating on shares of HudBay Minerals in a research report on Wednesday, January 14th. Wall Street Zen downgraded HudBay Minerals from a “buy” rating to a “hold” rating in a report on Sunday. National Bank Financial downgraded HudBay Minerals from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 28th. Weiss Ratings raised HudBay Minerals from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 10th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of HudBay Minerals in a research note on Sunday, December 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $26.00.

HudBay Minerals Stock Performance

Shares of HBM stock opened at $24.93 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.95 and a quick ratio of 0.78. The company’s fifty day moving average price is $23.95 and its two-hundred day moving average price is $18.37. The firm has a market capitalization of $9.89 billion, a P/E ratio of 17.43, a P/E/G ratio of 0.36 and a beta of 1.27. HudBay Minerals has a 12 month low of $5.95 and a 12 month high of $28.74.

Institutional Investors Weigh In On HudBay Minerals

Several institutional investors and hedge funds have recently made changes to their positions in HBM. Caitong International Asset Management Co. Ltd acquired a new position in HudBay Minerals in the fourth quarter worth $143,000. DGS Capital Management LLC acquired a new stake in shares of HudBay Minerals during the fourth quarter worth $212,000. Mackenzie Financial Corp lifted its position in shares of HudBay Minerals by 116.1% in the 4th quarter. Mackenzie Financial Corp now owns 10,178,626 shares of the mining company’s stock worth $202,327,000 after buying an additional 5,468,109 shares during the last quarter. Empowered Funds LLC lifted its position in shares of HudBay Minerals by 104.7% in the 4th quarter. Empowered Funds LLC now owns 23,903 shares of the mining company’s stock worth $474,000 after buying an additional 12,228 shares during the last quarter. Finally, Yaupon Capital Management LP boosted its holdings in shares of HudBay Minerals by 33.0% in the 4th quarter. Yaupon Capital Management LP now owns 1,051,553 shares of the mining company’s stock valued at $20,873,000 after buying an additional 261,148 shares during the period. 57.82% of the stock is owned by institutional investors and hedge funds.

HudBay Minerals Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, March 27th. Stockholders of record on Tuesday, March 10th will be given a $0.01 dividend. The ex-dividend date is Tuesday, March 10th. This represents a dividend yield of 8.0%. HudBay Minerals’s dividend payout ratio (DPR) is presently 0.70%.

About HudBay Minerals

HudBay Minerals Inc is a Canada-based mining company engaged in the exploration, development and production of base and precious metals. Its primary products include copper, zinc, gold and silver concentrates, which are sold to smelters and refiners worldwide. The company’s operations span multiple stages of the mining cycle, from resource definition and feasibility studies to mine construction, extraction and reclamation.

The company traces its roots back to 1927, when it was established as Hudson Bay Mining & Smelting Co Limited.