FY2023 EPS Estimates for Hudbay Minerals Inc. (NYSE:HBM) Increased by Analyst

Hudbay Minerals Inc. (NYSE:HBMFree Report) (TSE:HBM) – Eight Capital upped their FY2023 earnings per share estimates for shares of Hudbay Minerals in a report issued on Wednesday, February 7th. Eight Capital analyst R. Profiti now anticipates that the mining company will earn $0.19 per share for the year, up from their prior forecast of $0.11. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.15 per share. Eight Capital also issued estimates for Hudbay Minerals’ Q4 2023 earnings at $0.15 EPS, FY2025 earnings at $0.58 EPS, FY2026 earnings at $0.54 EPS, FY2027 earnings at $0.45 EPS and FY2028 earnings at $0.71 EPS.

Hudbay Minerals Trading Up 1.6 %

NYSE HBM opened at $5.22 on Monday. Hudbay Minerals has a fifty-two week low of $3.94 and a fifty-two week high of $6.01. The stock has a market cap of $1.83 billion, a P/E ratio of 174.06, a price-to-earnings-growth ratio of 0.28 and a beta of 1.95. The stock has a 50 day simple moving average of $5.36 and a two-hundred day simple moving average of $4.96. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.78 and a current ratio of 1.26.

Hedge Funds Weigh In On Hudbay Minerals

Institutional investors and hedge funds have recently modified their holdings of the company. Raymond James & Associates bought a new position in Hudbay Minerals in the first quarter worth approximately $131,000. Bank of New York Mellon Corp grew its stake in Hudbay Minerals by 24.0% in the first quarter. Bank of New York Mellon Corp now owns 75,817 shares of the mining company’s stock worth $595,000 after purchasing an additional 14,683 shares in the last quarter. US Bancorp DE grew its stake in Hudbay Minerals by 122.4% in the first quarter. US Bancorp DE now owns 7,899 shares of the mining company’s stock worth $62,000 after purchasing an additional 4,347 shares in the last quarter. HighTower Advisors LLC bought a new position in Hudbay Minerals in the first quarter worth approximately $442,000. Finally, BlackRock Inc. grew its stake in Hudbay Minerals by 81.5% in the first quarter. BlackRock Inc. now owns 95,254 shares of the mining company’s stock worth $748,000 after purchasing an additional 42,769 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

About Hudbay Minerals

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Hudbay Minerals Inc, a diversified mining company, together with its subsidiaries, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing copper, gold, and silver; zinc concentrates; zinc metal; and gold and silver doré and molybdenum concentrates.

Further Reading

Earnings History and Estimates for Hudbay Minerals (NYSE:HBM)

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