FY2025 EPS Forecast for HudBay Minerals Lowered by Analyst

HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) – Stock analysts at Scotiabank cut their FY2025 EPS estimates for HudBay Minerals in a report released on Friday, January 23rd. Scotiabank analyst O. Wowkodaw now anticipates that the mining company will earn $0.66 per share for the year, down from their previous estimate of $0.77. Scotiabank currently 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.

HBM has been the subject of several other research reports. CIBC restated an “outperform” rating on shares of HudBay Minerals in a report on Thursday, January 15th. Zacks Research raised shares of HudBay Minerals from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 19th. Citigroup set a $34.50 price target on shares of HudBay Minerals and gave the company a “buy” rating in a research note on Thursday, January 8th. Raymond James Financial reaffirmed an “outperform” rating on shares of HudBay Minerals in a research note on Wednesday, January 14th. Finally, UBS Group initiated coverage on shares of HudBay Minerals in a report on Thursday, January 8th. They set a “buy” rating for the company. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $27.00.

HudBay Minerals Stock Up 3.7%

HBM stock opened at $25.00 on Monday. The stock’s 50 day simple moving average is $19.33 and its 200 day simple moving average is $15.35. The company has a market cap of $9.92 billion, a P/E ratio of 21.55 and a beta of 1.36. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.76 and a current ratio of 0.97. HudBay Minerals has a fifty-two week low of $5.95 and a fifty-two week high of $25.46.

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

Institutional Investors Weigh In On HudBay Minerals

Institutional investors and hedge funds have recently bought and sold shares of the stock. Strong Tower Advisory Services lifted its stake in HudBay Minerals by 0.6% during the 4th quarter. Strong Tower Advisory Services now owns 94,762 shares of the mining company’s stock valued at $1,881,000 after acquiring an additional 587 shares in the last quarter. Addenda Capital Inc. purchased a new stake in shares of HudBay Minerals in the fourth quarter valued at about $278,000. Whalen Wealth Management Inc. bought a new position in shares of HudBay Minerals during the fourth quarter valued at about $300,000. Louisbourg Investments Inc. bought a new position in shares of HudBay Minerals during the fourth quarter valued at about $5,247,000. Finally, Shrier Wealth Management LLC purchased a new position in HudBay Minerals during the fourth quarter worth about $410,000. 57.82% of the stock is owned by hedge funds and other institutional investors.

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.