Hut 8 Corp. (TSE:HUT - Free Report) - Equities research analysts at Northland Capmk lifted their Q2 2026 earnings estimates for shares of Hut 8 in a report released on Friday, July 11th. Northland Capmk analyst M. Grondahl now anticipates that the company will post earnings per share of $0.05 for the quarter, up from their prior estimate of $0.04. Northland Capmk currently has a "Strong-Buy" rating on the stock. The consensus estimate for Hut 8's current full-year earnings is $0.56 per share. Northland Capmk also issued estimates for Hut 8's Q3 2026 earnings at $0.10 EPS and FY2026 earnings at $0.26 EPS.
A number of other research firms also recently issued reports on HUT. Maxim Group upgraded Hut 8 to a "strong-buy" rating in a research note on Thursday, May 1st. BTIG Research upgraded Hut 8 to a "strong-buy" rating in a report on Monday, April 14th. Roth Capital upgraded Hut 8 to a "strong-buy" rating in a research note on Thursday, June 5th. Citizens Jmp upgraded shares of Hut 8 to a "strong-buy" rating in a research note on Thursday, May 22nd. Finally, B. Riley raised shares of Hut 8 to a "strong-buy" rating in a research report on Tuesday, May 13th. Nine equities research analysts have rated the stock with a strong buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Strong Buy".
Check Out Our Latest Research Report on Hut 8
Hut 8 Price Performance
HUT stock opened at C$29.84 on Monday. The company has a quick ratio of 1.26, a current ratio of 1.68 and a debt-to-equity ratio of 55.87. The firm has a market cap of C$1.99 billion, a price-to-earnings ratio of 7.30 and a beta of 3.45. The company's fifty day simple moving average is C$23.84 and its 200 day simple moving average is C$24.12. Hut 8 has a 12-month low of C$11.86 and a 12-month high of C$45.20.
Hut 8 Company Profile
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Hut 8 Mining Corp is North America's innovation-focused digital asset miner. Located in energy-rich Alberta, Canada. Hut 8 has one of the highest installed capacity rates in the industry and holds more self-mined bitcoin than any crypto miner or publicly-traded company globally. It is executing on its commitment to mining and holding bitcoin and has a diversified business and revenue strategy to grow and protect shareholder value regardless of bitcoin's market direction.
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