Brokers Set Expectations for HudBay Minerals FY2027 Earnings

Key Points

• Scotiabank cut its FY2027 EPS forecast for HudBay Minerals to $1.78 from $1.97, while maintaining an “Outperform” rating. The article cites a current full-year consensus estimate of $1.39 per share.
• Analyst sentiment is broadly positive: 10 analysts rate the stock Buy and two rate it Hold, giving it a “Moderate Buy” consensus and an average price target of $31.33.
• HudBay shares opened at $20.54, below their 50-day moving average of $25.54 and 200-day average of $24.82; institutional investors own 57.82% of the stock.

HudBay Minerals Inc (NYSE:HBM - Free Report) TSE: HBM - Equities researchers at Scotiabank lowered their FY2027 earnings per share estimates for HudBay Minerals in a research report issued on Monday, November 2nd. Scotiabank analyst O. Wowkodaw now anticipates that the mining company will earn $1.78 per share for the year, down from their previous forecast of $1.97. Scotiabank has an "Outperform" rating on the stock. The consensus estimate for HudBay Minerals' current full-year earnings is $1.39 per share.

A number of other research analysts have also commented on the company. Wall Street Zen lowered HudBay Minerals from a "buy" rating to a "hold" rating in a research report on Sunday, October 25th. Bank of America lowered their target price on HudBay Minerals from $33.50 to $29.50 and set a "buy" rating for the company in a research note on Thursday, July 9th. Citigroup restated a "positive" rating on shares of HudBay Minerals in a research report on Wednesday, July 15th. Weiss Ratings raised HudBay Minerals from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, October 8th. Finally, Barclays reaffirmed an "overweight" rating on shares of HudBay Minerals in a research note on Tuesday, October 6th. 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 MarketBeat.com, HudBay Minerals has a consensus rating of "Moderate Buy" and an average price target of $31.33.

HudBay Minerals Stock Performance

Shares of NYSE:HBM opened at $20.54 on Friday. The business has a fifty day moving average of $25.54 and a 200-day moving average of $24.82. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.93 and a current ratio of 2.24. HudBay Minerals has a twelve month low of $14.34 and a twelve month high of $32.15. The firm has a market cap of $9.12 billion, a PE ratio of 12.08, a price-to-earnings-growth ratio of 0.40 and a beta of 1.62.

Hedge Funds Weigh In On HudBay Minerals

A number of hedge funds and other institutional investors have recently made changes to their positions in HBM. Quantinno Capital Management LP boosted its position in shares of HudBay Minerals by 6.0% during the 1st quarter. Quantinno Capital Management LP now owns 11,597 shares of the mining company's stock valued at $242,000 after purchasing an additional 657 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in HudBay Minerals by 25.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,933 shares of the mining company's stock valued at $98,000 after buying an additional 986 shares during the period. Wealthcare Advisory Partners LLC lifted its stake in HudBay Minerals by 2.7% in the second quarter. Wealthcare Advisory Partners LLC now owns 37,766 shares of the mining company's stock valued at $892,000 after buying an additional 992 shares during the period. Rakuten Securities Inc. acquired a new position in HudBay Minerals in the second quarter valued at approximately $28,000. Finally, Bullseye Investment Management LLC bought a new position in shares of HudBay Minerals during the 2nd quarter worth approximately $30,000. 57.82% of the stock is owned by institutional investors.

HudBay Minerals Company Profile

Hudbay Minerals Inc is a Canadian mining company focused primarily on the exploration, development, and operation of copper, gold, zinc, and silver deposits. Copper is its principal product, with associated precious and base metals produced from several of its operations.

The company operates in Canada, Peru, and the United States. Its assets include the Constancia copper-molybdenum mine in southern Peru; the Snow Lake operations in Manitoba, which produce copper, gold, zinc, and silver; and the Copper Mountain mine in British Columbia.

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