Cormark Analysts Lift Earnings Estimates for Hudbay Minerals

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) – Stock analysts at Cormark increased their Q4 2024 earnings per share (EPS) estimates for shares of Hudbay Minerals in a report issued on Thursday, November 14th. Cormark analyst S. Ioannou now forecasts that the mining company will post earnings per share of $0.36 for the quarter, up from their prior forecast of $0.32. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.48 per share. Cormark also issued estimates for Hudbay Minerals’ Q1 2025 earnings at $0.25 EPS, Q2 2025 earnings at $0.25 EPS, Q3 2025 earnings at $0.25 EPS, Q4 2025 earnings at $0.18 EPS and FY2025 earnings at $0.93 EPS.

Several other equities analysts also recently weighed in on the company. StockNews.com downgraded Hudbay Minerals from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Stifel Canada upgraded Hudbay Minerals to a “strong-buy” rating in a research report on Monday, July 22nd. Finally, Jefferies Financial Group upgraded Hudbay Minerals from a “hold” rating to a “buy” rating in a research report on Wednesday, August 14th. One analyst has rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Hudbay Minerals has a consensus rating of “Buy” and an average price target of $11.17.

Hudbay Minerals Stock Performance

Shares of HBM opened at $8.53 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.86 and a quick ratio of 1.49. Hudbay Minerals has a one year low of $4.27 and a one year high of $10.49. The firm has a market capitalization of $3.36 billion, a P/E ratio of 37.09 and a beta of 1.78. The business has a fifty day moving average of $8.76 and a 200 day moving average of $8.68.

Institutional Trading of Hudbay Minerals

Hedge funds have recently bought and sold shares of the stock. Prospera Private Wealth LLC purchased a new stake in shares of Hudbay Minerals during the 3rd quarter valued at $28,000. Exchange Traded Concepts LLC acquired a new position in shares of Hudbay Minerals in the 3rd quarter valued at $53,000. Clear Harbor Asset Management LLC acquired a new stake in Hudbay Minerals during the 3rd quarter worth about $92,000. Ritholtz Wealth Management acquired a new stake in Hudbay Minerals during the 2nd quarter worth about $96,000. Finally, Armistice Capital LLC acquired a new stake in Hudbay Minerals during the 2nd quarter worth about $97,000. Hedge funds and other institutional investors own 57.82% of the company’s stock.

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.