FY2025 EPS Estimates for HudBay Minerals Cut by Scotiabank

HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) – Equities researchers at Scotiabank dropped their FY2025 earnings per share (EPS) estimates for shares of HudBay Minerals in a research report issued to clients and investors on Friday, January 23rd. Scotiabank analyst O. Wowkodaw now expects that the mining company will earn $0.66 per share for the year, down from their prior forecast of $0.77. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for HudBay Minerals’ current full-year earnings is $0.79 per share. Scotiabank also issued estimates for HudBay Minerals’ FY2027 earnings at $1.02 EPS.

HudBay Minerals (NYSE:HBM) (TSE:HBM) last issued its quarterly earnings data on Wednesday, November 12th. The mining company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). The business had revenue of $346.80 million during the quarter, compared to the consensus estimate of $538.16 million. HudBay Minerals had a return on equity of 8.89% and a net margin of 22.38%.HudBay Minerals’s quarterly revenue was down 28.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.13 earnings per share.

Other research analysts have also issued reports about the stock. Bank of America upped their price objective on shares of HudBay Minerals from $16.50 to $19.50 and gave the stock a “buy” rating in a report on Thursday, October 16th. Citigroup set a $34.50 price target on shares of HudBay Minerals and gave the company a “buy” rating in a research report on Thursday, January 8th. Royal Bank Of Canada restated an “outperform” rating on shares of HudBay Minerals in a report on Monday, November 17th. Raymond James Financial reaffirmed an “outperform” rating on shares of HudBay Minerals in a research report on Wednesday, January 14th. Finally, Zacks Research upgraded HudBay Minerals from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. Three research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, HudBay Minerals has an average rating of “Buy” and a consensus target price of $27.00.

HudBay Minerals Stock Performance

Shares of HBM stock opened at $25.44 on Monday. The firm has a market capitalization of $10.10 billion, a price-to-earnings ratio of 21.93 and a beta of 1.36. The stock has a fifty day moving average of $19.53 and a 200 day moving average of $15.45. HudBay Minerals has a 52 week low of $5.95 and a 52 week high of $26.48. The company has a quick ratio of 0.76, a current ratio of 0.97 and a debt-to-equity ratio of 0.18.

Institutional Trading of HudBay Minerals

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Allworth Financial LP raised its stake in HudBay Minerals by 107.9% during the third quarter. Allworth Financial LP now owns 1,990 shares of the mining company’s stock valued at $30,000 after buying an additional 1,033 shares during the last quarter. Quarry LP bought a new position in shares of HudBay Minerals during the third quarter valued at $38,000. Global Retirement Partners LLC bought a new position in shares of HudBay Minerals during the third quarter valued at $45,000. IFP Advisors Inc purchased a new position in shares of HudBay Minerals in the 3rd quarter worth about $45,000. Finally, Banque Cantonale Vaudoise boosted its stake in HudBay Minerals by 513.5% in the 3rd quarter. Banque Cantonale Vaudoise now owns 3,172 shares of the mining company’s stock worth $48,000 after purchasing an additional 2,655 shares in the last quarter. Hedge funds and other institutional investors own 57.82% of the company’s stock.

About HudBay Minerals

HudBay Minerals Inc is a Canada-based mining company engaged in the exploration, development and production of base and precious metals. Its primary products include copper, zinc, gold and silver concentrates, which are sold to smelters and refiners worldwide. The company’s operations span multiple stages of the mining cycle, from resource definition and feasibility studies to mine construction, extraction and reclamation.

The company traces its roots back to 1927, when it was established as Hudson Bay Mining & Smelting Co Limited.