Q4 2024 Earnings Estimate for Hudbay Minerals Inc. Issued By Cormark (NYSE:HBM)

Hudbay Minerals Inc. (NYSE:HBMFree Report) (TSE:HBM) – Analysts at Cormark dropped their Q4 2024 EPS estimates for Hudbay Minerals in a research report issued to clients and investors on Monday, May 27th. Cormark analyst S. Ioannou now forecasts that the mining company will post earnings per share of $0.15 for the quarter, down from their prior estimate of $0.24. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.50 per share. Cormark also issued estimates for Hudbay Minerals’ FY2025 earnings at $0.78 EPS and FY2026 earnings at $0.35 EPS.

Hudbay Minerals (NYSE:HBMGet Free Report) (TSE:HBM) last announced its quarterly earnings results on Tuesday, May 14th. The mining company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.13. The company had revenue of $524.99 million for the quarter, compared to analysts’ expectations of $463.69 million. Hudbay Minerals had a net margin of 4.36% and a return on equity of 6.22%.

A number of other equities research analysts have also commented on HBM. Jefferies Financial Group initiated coverage on shares of Hudbay Minerals in a report on Friday, May 3rd. They set a “hold” rating and a $13.00 price objective on the stock. Raymond James raised their price objective on shares of Hudbay Minerals from $9.00 to $10.50 and gave the stock an “outperform” rating in a report on Wednesday, March 20th. Bank of America upgraded shares of Hudbay Minerals from a “neutral” rating to a “buy” rating and set a $9.00 price target on the stock in a research note on Tuesday, April 9th. Stifel Nicolaus initiated coverage on shares of Hudbay Minerals in a research note on Tuesday, March 26th. They issued a “buy” rating on the stock. Finally, StockNews.com upgraded shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a research note on Tuesday, May 21st. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Hudbay Minerals has a consensus rating of “Buy” and a consensus target price of $10.21.

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Hudbay Minerals Trading Down 0.4 %

Shares of NYSE HBM opened at $9.78 on Thursday. The company’s fifty day moving average is $8.33 and its 200-day moving average is $6.43. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 42.50 and a beta of 1.88. Hudbay Minerals has a twelve month low of $3.94 and a twelve month high of $10.49. The company has a quick ratio of 1.00, a current ratio of 1.40 and a debt-to-equity ratio of 0.61.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Jennison Associates LLC boosted its holdings in shares of Hudbay Minerals by 10.6% during the 4th quarter. Jennison Associates LLC now owns 1,464,679 shares of the mining company’s stock worth $8,059,000 after buying an additional 140,312 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Hudbay Minerals by 28.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,375,985 shares of the mining company’s stock valued at $51,836,000 after buying an additional 2,085,641 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Hudbay Minerals in the 3rd quarter valued at approximately $610,000. Cumberland Partners Ltd raised its position in shares of Hudbay Minerals by 31.3% in the 3rd quarter. Cumberland Partners Ltd now owns 685,100 shares of the mining company’s stock valued at $3,348,000 after buying an additional 163,500 shares in the last quarter. Finally, Intact Investment Management Inc. raised its position in shares of Hudbay Minerals by 23.1% in the 4th quarter. Intact Investment Management Inc. now owns 1,074,300 shares of the mining company’s stock valued at $5,911,000 after buying an additional 201,800 shares in the last quarter. Institutional investors own 57.82% of the company’s stock.

Hudbay Minerals Company Profile

(Get Free Report)

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.

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

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