Raymond James Financial upgraded shares of HudBay Minerals (NYSE:HBM - Free Report) TSE: HBM to a moderate buy rating in a report issued on Monday,Zacks.com reports. Raymond James Financial also issued estimates for HudBay Minerals' Q2 2025 earnings at $0.20 EPS, Q3 2025 earnings at $0.22 EPS, Q4 2025 earnings at $0.16 EPS and FY2025 earnings at $0.64 EPS.
A number of other analysts have also recently issued reports on the company. Scotiabank reissued an "outperform" rating on shares of HudBay Minerals in a report on Tuesday, May 13th. BMO Capital Markets started coverage on HudBay Minerals in a report on Wednesday, April 16th. They issued an "outperform" rating on the stock. Desjardins began coverage on HudBay Minerals in a report on Friday, April 4th. They set a "buy" rating for the company. Wall Street Zen upgraded shares of HudBay Minerals from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 21st. Finally, Stifel Canada raised shares of HudBay Minerals to a "strong-buy" rating in a report on Wednesday, March 19th. Four equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, HudBay Minerals has an average rating of "Buy" and an average target price of $14.00.
Check Out Our Latest Stock Report on HBM
HudBay Minerals Stock Performance
Shares of HBM stock traded up $0.34 on Monday, hitting $10.97. 10,180,905 shares of the stock were exchanged, compared to its average volume of 5,449,810. The firm's 50 day moving average is $8.84 and its two-hundred day moving average is $8.25. HudBay Minerals has a one year low of $5.95 and a one year high of $11.13. The firm has a market capitalization of $4.33 billion, a PE ratio of 28.87, a P/E/G ratio of 0.30 and a beta of 1.63. The company has a current ratio of 2.32, a quick ratio of 1.92 and a debt-to-equity ratio of 0.42.
HudBay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last posted its quarterly earnings results on Monday, May 12th. The mining company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.14. The company had revenue of $594.90 million for the quarter, compared to analyst estimates of $537.36 million. HudBay Minerals had a net margin of 7.40% and a return on equity of 8.17%. The company's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.22 earnings per share. Sell-side analysts expect that HudBay Minerals will post 0.79 earnings per share for the current fiscal year.
Hedge Funds Weigh In On HudBay Minerals
A number of large investors have recently modified their holdings of HBM. Tower Research Capital LLC TRC grew its position in HudBay Minerals by 9,877.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the mining company's stock valued at $25,000 after acquiring an additional 3,062 shares during the last quarter. SBI Securities Co. Ltd. increased its stake in HudBay Minerals by 64.6% in the 1st quarter. SBI Securities Co. Ltd. now owns 3,773 shares of the mining company's stock worth $29,000 after purchasing an additional 1,481 shares during the period. Banque Cantonale Vaudoise purchased a new stake in shares of HudBay Minerals during the first quarter valued at approximately $33,000. Jones Financial Companies Lllp grew its holdings in shares of HudBay Minerals by 131.6% in the first quarter. Jones Financial Companies Lllp now owns 6,570 shares of the mining company's stock worth $50,000 after purchasing an additional 3,733 shares during the last quarter. Finally, Algert Global LLC purchased a new position in shares of HudBay Minerals in the fourth quarter worth $86,000. 57.82% of the stock is owned by hedge funds and other institutional investors.
HudBay Minerals Company Profile
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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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