Stifel Canada Comments on Hudbay Minerals FY2028 Earnings

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) – Equities research analysts at Stifel Canada lowered their FY2028 EPS estimates for shares of Hudbay Minerals in a report released on Monday, December 16th. Stifel Canada analyst C. Mcgill now expects that the mining company will post earnings per share of $1.08 for the year, down from their prior forecast of $1.21. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.55 per share.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last announced its quarterly earnings results on Wednesday, November 13th. The mining company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.09. The company had revenue of $485.80 million during 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 quarter in the previous year, the business earned $0.07 EPS.

Separately, StockNews.com upgraded shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $11.17.

Hudbay Minerals Stock Up 0.5 %

Shares of NYSE HBM traded up $0.04 during mid-day trading on Thursday, reaching $7.88. 828,048 shares of the company’s stock were exchanged, compared to its average volume of 3,139,587. The company has a current ratio of 1.86, a quick ratio of 1.47 and a debt-to-equity ratio of 0.44. The business has a fifty day simple moving average of $9.05 and a 200 day simple moving average of $8.61. Hudbay Minerals has a twelve month low of $4.94 and a twelve month high of $10.49. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 34.26 and a beta of 1.77.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in HBM. Prospera Private Wealth LLC bought a new stake in Hudbay Minerals during the third quarter worth about $28,000. Exchange Traded Concepts LLC bought a new stake in shares of Hudbay Minerals during the 3rd quarter worth approximately $53,000. Clear Harbor Asset Management LLC acquired a new stake in shares of Hudbay Minerals in the 3rd quarter valued at approximately $92,000. Ritholtz Wealth Management acquired a new stake in shares of Hudbay Minerals in the 2nd quarter valued at approximately $96,000. Finally, Armistice Capital LLC bought a new position in shares of Hudbay Minerals in the second quarter valued at $97,000. 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.