HudBay Minerals FY2025 EPS Forecast Lifted by Stifel Canada

HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) – Stifel Canada boosted their FY2025 EPS estimates for shares of HudBay Minerals in a research report issued on Tuesday, October 21st. Stifel Canada analyst R. Profiti now forecasts that the mining company will post earnings per share of $0.86 for the year, up from their previous estimate of $0.82. The consensus estimate for HudBay Minerals’ current full-year earnings is $0.79 per share.

Several other equities research analysts have also issued reports on HBM. The Goldman Sachs Group initiated coverage on shares of HudBay Minerals in a report on Monday, September 8th. They issued a “buy” rating for the company. Raymond James Financial reiterated an “outperform” rating on shares of HudBay Minerals in a report on Friday, October 10th. Wall Street Zen upgraded shares of HudBay Minerals from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 10th. Bank of America lifted their price objective on shares of HudBay Minerals from $16.50 to $19.50 and gave the company a “buy” rating in a report on Thursday, October 16th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of HudBay Minerals in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company’s stock. According to data from MarketBeat, HudBay Minerals has an average rating of “Buy” and a consensus price target of $19.50.

HudBay Minerals Price Performance

HudBay Minerals stock opened at $15.09 on Thursday. The firm has a 50-day moving average price of $13.90 and a 200-day moving average price of $10.64. The firm has a market capitalization of $5.98 billion, a PE ratio of 20.66 and a beta of 1.55. The company has a current ratio of 1.03, a quick ratio of 0.86 and a debt-to-equity ratio of 0.20. HudBay Minerals has a 12-month low of $5.95 and a 12-month high of $17.73.

HudBay Minerals (NYSE:HBM) (TSE:HBM) last released its earnings results on Wednesday, August 13th. The mining company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.08. The firm had revenue of $536.40 million during the quarter, compared to analyst estimates of $558.21 million. HudBay Minerals had a net margin of 13.13% and a return on equity of 10.73%. The company’s revenue for the quarter was up 26.1% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in HBM. Artemis Investment Management LLP increased its position in HudBay Minerals by 4.9% during the 1st quarter. Artemis Investment Management LLP now owns 2,701,243 shares of the mining company’s stock valued at $20,483,000 after purchasing an additional 126,534 shares during the period. U S Global Investors Inc. increased its position in HudBay Minerals by 26.7% during the 1st quarter. U S Global Investors Inc. now owns 95,000 shares of the mining company’s stock valued at $721,000 after purchasing an additional 20,000 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its position in HudBay Minerals by 142.8% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 100,303 shares of the mining company’s stock valued at $761,000 after purchasing an additional 58,999 shares during the period. Waterfront Wealth Inc. purchased a new position in HudBay Minerals during the 1st quarter valued at about $321,000. Finally, Goehring & Rozencwajg Associates LLC increased its position in HudBay Minerals by 2.2% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 797,648 shares of the mining company’s stock valued at $6,628,000 after purchasing an additional 17,361 shares during the period. Hedge funds and other institutional investors own 57.82% of the company’s stock.

HudBay Minerals Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, September 19th. Shareholders of record on Tuesday, September 2nd were given a dividend of $0.0073 per share. This is a positive change from HudBay Minerals’s previous semi-annual dividend of $0.01. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a yield of 17.0%. HudBay Minerals’s payout ratio is 1.37%.

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.