FY2025 EPS Estimates for HudBay Minerals Boosted by Analyst

Key Points

• Desjardins analysts have revised HudBay Minerals' FY2025 EPS estimate to $0.85 per share, up from an earlier estimate of $0.77, while the consensus estimate is $0.79.
• HudBay Minerals recently reported a quarterly EPS of $0.19, surpassing analysts' expectations of $0.11, with a year-over-year revenue increase of 26.1%.
• The company has declared an increased semi-annual dividend of $0.0073 per share, up from the previous $0.01, indicating a strong dividend yield of 17.0%.

HudBay Minerals Inc (NYSE:HBM - Free Report) TSE: HBM - Equities research analysts at Desjardins increased their FY2025 EPS estimates for HudBay Minerals in a research report issued on Wednesday, October 1st. Desjardins analyst B. Adams now expects that the mining company will earn $0.85 per share for the year, up from their prior estimate of $0.77. The consensus estimate for HudBay Minerals' current full-year earnings is $0.79 per share.

HudBay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last issued its quarterly earnings results on Wednesday, August 13th. The mining company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.08. HudBay Minerals had a net margin of 13.13% and a return on equity of 10.73%. The business had revenue of $536.40 million during the quarter, compared to analyst estimates of $558.21 million. The company's quarterly revenue was up 26.1% on a year-over-year basis.

Several other equities analysts have also issued reports on the company. Veritas raised HudBay Minerals to a "strong-buy" rating in a research note on Monday, July 7th. The Goldman Sachs Group started coverage on shares of HudBay Minerals in a research report on Monday, September 8th. They set a "buy" rating on the stock. Wall Street Zen upgraded shares of HudBay Minerals from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, September 10th. CIBC restated an "outperform" rating on shares of HudBay Minerals in a research report on Tuesday, July 15th. Finally, National Bankshares reiterated an "outperform" rating on shares of HudBay Minerals in a report on Thursday, August 14th. Two research analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy".

HudBay Minerals Stock Up 0.6%

Shares of HBM opened at $15.46 on Friday. The business's fifty day moving average price is $11.98 and its two-hundred day moving average price is $9.81. The firm has a market capitalization of $6.12 billion, a price-to-earnings ratio of 21.17, a PEG ratio of 0.37 and a beta of 1.54. HudBay Minerals has a 52 week low of $5.95 and a 52 week high of $15.79. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.86 and a current ratio of 1.03.

HudBay Minerals Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, September 19th. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.0073 per share. This is an increase from HudBay Minerals's previous semi-annual dividend of $0.01. This represents a dividend yield of 17.0%. The ex-dividend date of this dividend was Tuesday, September 2nd. HudBay Minerals's payout ratio is 1.37%.

Hedge Funds Weigh In On HudBay Minerals

Several institutional investors and hedge funds have recently modified their holdings of the business. Sumitomo Mitsui Trust Group Inc. lifted its stake in HudBay Minerals by 142.8% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 100,303 shares of the mining company's stock valued at $761,000 after buying an additional 58,999 shares in the last quarter. Ausbil Investment Management Ltd raised its holdings in shares of HudBay Minerals by 71.4% during the second quarter. Ausbil Investment Management Ltd now owns 60,000 shares of the mining company's stock worth $635,000 after acquiring an additional 25,000 shares during the period. Yaupon Capital Management LP raised its holdings in shares of HudBay Minerals by 21.9% during the first quarter. Yaupon Capital Management LP now owns 1,777,347 shares of the mining company's stock worth $13,490,000 after acquiring an additional 318,991 shares during the period. Millennium Management LLC lifted its position in HudBay Minerals by 298.5% in the 1st quarter. Millennium Management LLC now owns 6,115,053 shares of the mining company's stock valued at $46,411,000 after acquiring an additional 4,580,718 shares in the last quarter. Finally, Anson Funds Management LP acquired a new position in HudBay Minerals in the 1st quarter worth $759,000. 57.82% of the stock is currently owned by institutional investors and hedge funds.

About HudBay Minerals

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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