Stifel Canada Forecasts Lower Earnings for HudBay Minerals

HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) – Investment analysts at Stifel Canada reduced their FY2025 earnings per share (EPS) estimates for HudBay Minerals in a report released on Monday, November 17th. Stifel Canada analyst R. Profiti now anticipates that the mining company will earn $0.77 per share for the year, down from their previous forecast of $0.86. The consensus estimate for HudBay Minerals’ current full-year earnings is $0.79 per share. Stifel Canada also issued estimates for HudBay Minerals’ Q4 2025 earnings at $0.31 EPS, Q1 2026 earnings at $0.26 EPS, Q2 2026 earnings at $0.25 EPS, Q3 2026 earnings at $0.26 EPS, Q4 2026 earnings at $0.25 EPS, FY2026 earnings at $1.01 EPS, Q1 2027 earnings at $0.31 EPS, Q2 2027 earnings at $0.32 EPS, Q3 2027 earnings at $0.31 EPS, FY2027 earnings at $1.25 EPS, FY2028 earnings at $1.38 EPS and FY2029 earnings at $1.61 EPS.

A number of other analysts also recently issued reports on the company. Raymond James Financial reaffirmed an “outperform” rating on shares of HudBay Minerals in a research report on Friday, October 10th. National Bankshares reissued an “outperform” rating on shares of HudBay Minerals in a report on Thursday, August 14th. Wall Street Zen cut HudBay Minerals from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Weiss Ratings restated a “buy (b-)” rating on shares of HudBay Minerals in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group began coverage on HudBay Minerals in a research note on Monday, September 8th. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, HudBay Minerals presently has a consensus rating of “Buy” and an average price target of $19.50.

HudBay Minerals Stock Performance

Shares of HBM opened at $15.45 on Thursday. The stock has a market capitalization of $6.12 billion, a price-to-earnings ratio of 21.17 and a beta of 1.58. HudBay Minerals has a 12 month low of $5.95 and a 12 month high of $17.73. The firm has a fifty day simple moving average of $15.49 and a 200 day simple moving average of $11.93. 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 (NYSE:HBM) (TSE:HBM) last released its earnings results on Wednesday, November 12th. The mining company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). HudBay Minerals had a net margin of 13.13% and a return on equity of 10.73%. The firm had revenue of $346.80 million during the quarter, compared to the consensus estimate of $538.16 million. During the same quarter in the previous year, the firm posted $0.13 EPS. The company’s revenue was down 28.6% on a year-over-year basis.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of HudBay Minerals by 12.1% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,650,409 shares of the mining company’s stock worth $28,142,000 after purchasing an additional 285,500 shares during the period. Texas Bank & Trust Co bought a new position in shares of HudBay Minerals in the second quarter valued at $273,000. Ausbil Investment Management Ltd lifted its stake in shares of HudBay Minerals by 71.4% in the second quarter. Ausbil Investment Management Ltd now owns 60,000 shares of the mining company’s stock valued at $635,000 after buying an additional 25,000 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of HudBay Minerals during the second quarter valued at about $15,152,000. Finally, Millennium Management LLC increased its position in shares of HudBay Minerals by 298.5% during the first quarter. Millennium Management LLC now owns 6,115,053 shares of the mining company’s stock worth $46,411,000 after acquiring an additional 4,580,718 shares in the last quarter. 57.82% of the stock is owned by institutional investors and hedge funds.

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.