HudBay Minerals FY2025 EPS Forecast Lifted by Stifel Canada

Key Points

• HudBay Minerals' FY2025 EPS forecast was raised by Stifel Canada to $0.86, surpassing the previous estimate of $0.82 and the consensus estimate of $0.79.
• The company's quarterly earnings for August included a reported $0.19 EPS, exceeding analyst expectations of $0.11, with revenue of $536.40 million.
• Multiple brokerages have upgraded HudBay Minerals' stock ratings, with Bank of America increasing the price target from $16.50 to $19.50 and designating it a "buy."

HudBay Minerals Inc (NYSE:HBM - Free Report) TSE: HBM - Stock analysts at Stifel Canada lifted their FY2025 EPS estimates for HudBay Minerals in a report released on Tuesday, October 21st. Stifel Canada analyst R. Profiti now forecasts that the mining company will post earnings per share of $0.86 for the year, up from their previous estimate of $0.82. 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 announced its quarterly earnings data on Wednesday, August 13th. The mining company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.08. The firm had revenue of $536.40 million during the quarter, compared to analysts' expectations of $558.21 million. HudBay Minerals had a net margin of 13.13% and a return on equity of 10.73%. HudBay Minerals's revenue for the quarter was up 26.1% on a year-over-year basis.

A number of other brokerages have also recently issued reports on HBM. Veritas raised shares of HudBay Minerals to a "strong-buy" rating in a research note on Monday, July 7th. Bank of America increased their price objective on shares of HudBay Minerals from $16.50 to $19.50 and gave the stock a "buy" rating in a research note on Thursday, October 16th. Weiss Ratings reissued a "buy (b-)" rating on shares of HudBay Minerals in a research note on Wednesday, October 8th. Zacks Research raised shares of HudBay Minerals from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 13th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating on shares of HudBay Minerals in a research note on Thursday, August 14th. Three investment analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the stock. Based on data from MarketBeat, HudBay Minerals has an average rating of "Buy" and a consensus price target of $19.50.

HudBay Minerals Stock Performance

Shares of NYSE HBM opened at $15.09 on Thursday. The firm has a fifty day moving average price of $13.90 and a 200-day moving average price of $10.64. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 0.86. The stock has a market cap of $5.98 billion, a PE ratio of 20.66 and a beta of 1.55. HudBay Minerals has a 1 year low of $5.95 and a 1 year high of $17.73.

Hedge Funds Weigh In On HudBay Minerals

Several institutional investors have recently bought and sold shares of the business. Creative Planning lifted its position in HudBay Minerals by 5.4% during the second quarter. Creative Planning now owns 25,067 shares of the mining company's stock valued at $266,000 after purchasing an additional 1,289 shares during the last quarter. SBI Securities Co. Ltd. lifted its position in HudBay Minerals by 64.6% during the first quarter. SBI Securities Co. Ltd. now owns 3,773 shares of the mining company's stock valued at $29,000 after purchasing an additional 1,481 shares during the last quarter. Pacifica Partners Inc. lifted its position in HudBay Minerals by 6.7% during the second quarter. Pacifica Partners Inc. now owns 25,921 shares of the mining company's stock valued at $272,000 after purchasing an additional 1,625 shares during the last quarter. Federated Hermes Inc. lifted its position in HudBay Minerals by 1.4% during the first quarter. Federated Hermes Inc. now owns 126,836 shares of the mining company's stock valued at $963,000 after purchasing an additional 1,794 shares during the last quarter. Finally, Strong Tower Advisory Services lifted its position in HudBay Minerals by 2.4% during the third quarter. Strong Tower Advisory Services now owns 94,175 shares of the mining company's stock valued at $1,428,000 after purchasing an additional 2,182 shares during the last quarter. Institutional investors own 57.82% of the company's stock.

HudBay Minerals Increases Dividend

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

HudBay Minerals Company Profile

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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