HudBay Minerals Inc (NYSE:HBM – Free Report) (TSE:HBM) – Equities researchers at Scotiabank lowered their FY2027 earnings per share (EPS) estimates for shares of HudBay Minerals in a report issued on Thursday, October 1st. Scotiabank analyst O. Wowkodaw now expects that the mining company will post earnings per share of $1.97 for the year, down from their previous forecast of $2.01. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for HudBay Minerals’ current full-year earnings is $1.43 per share.
HBM has been the topic of a number of other research reports. Jefferies Financial Group reiterated a “buy” rating on shares of HudBay Minerals in a research note on Monday, July 6th. Wall Street Zen downgraded shares of HudBay Minerals from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings cut HudBay Minerals from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. Citigroup reaffirmed a “positive” rating on shares of HudBay Minerals in a research report on Wednesday, July 15th. Finally, Bank of America lowered their target price on HudBay Minerals from $33.50 to $29.50 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.33.
HudBay Minerals Stock Performance
NYSE HBM opened at $27.00 on Monday. The firm has a 50-day moving average of $27.01 and a 200-day moving average of $25.06. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.93 and a current ratio of 2.24. The stock has a market cap of $11.99 billion, a PE ratio of 15.88, a P/E/G ratio of 0.46 and a beta of 1.58. HudBay Minerals has a 52-week low of $14.34 and a 52-week high of $32.15.
HudBay Minerals (NYSE:HBM – Get Free Report) (TSE:HBM) last released its quarterly earnings data on Wednesday, July 29th. The mining company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. HudBay Minerals had a net margin of 27.48% and a return on equity of 9.47%. The firm had revenue of $631.30 million during the quarter, compared to analysts’ expectations of $632.43 million. During the same period in the previous year, the business posted $0.19 earnings per share. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year.
Institutional Trading of HudBay Minerals
Several hedge funds and other institutional investors have recently bought and sold shares of the business. First Trust Advisors LP increased its position in shares of HudBay Minerals by 35.3% in the first quarter. First Trust Advisors LP now owns 229,948 shares of the mining company’s stock worth $4,814,000 after purchasing an additional 60,025 shares during the period. Bank of America Corp DE lifted its position in HudBay Minerals by 53.3% during the first quarter. Bank of America Corp DE now owns 1,883,698 shares of the mining company’s stock worth $39,369,000 after purchasing an additional 655,308 shares during the period. HighTower Advisors LLC lifted its position in HudBay Minerals by 532.0% during the second quarter. HighTower Advisors LLC now owns 137,766 shares of the mining company’s stock worth $3,253,000 after purchasing an additional 115,968 shares during the period. Goehring & Rozencwajg Associates LLC lifted its position in HudBay Minerals by 6.6% during the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 824,951 shares of the mining company’s stock worth $16,380,000 after purchasing an additional 51,387 shares during the period. Finally, Amundi grew its stake in HudBay Minerals by 14.8% during the second quarter. Amundi now owns 1,237,690 shares of the mining company’s stock worth $29,222,000 after buying an additional 159,219 shares in the last quarter. Institutional investors and hedge funds own 57.82% of the company’s stock.
HudBay Minerals Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Tuesday, September 8th were given a dividend of C$0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Tuesday, September 8th. HudBay Minerals’s dividend payout ratio (DPR) is currently 1.18%.
HudBay Minerals Company Profile
Hudbay Minerals Inc is a Canadian mining company focused primarily on the exploration, development, and operation of copper, zinc, gold, silver, and molybdenum deposits. The company’s products are used in infrastructure, manufacturing, technology, and energy-related applications. Hudbay is listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol HBM.
Hudbay operates mining and processing assets in Canada and Peru. Its Manitoba operations include the Lalor polymetallic mine and processing facilities in the Snow Lake region, which produce zinc, copper, gold, and silver.
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