Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM - Analysts at Stifel Canada reduced their FY2024 earnings estimates for shares of Hudbay Minerals in a research report issued to clients and investors on Monday, July 22nd. Stifel Canada analyst M. Tapscott now expects that the mining company will post earnings per share of $0.72 for the year, down from their prior estimate of $1.11. The consensus estimate for Hudbay Minerals' current full-year earnings is $0.64 per share. Stifel Canada also issued estimates for Hudbay Minerals' FY2026 earnings at $0.83 EPS.
Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last issued its earnings results on Tuesday, May 14th. The mining company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.13. Hudbay Minerals had a net margin of 4.36% and a return on equity of 6.22%. The company had revenue of $524.99 million during the quarter, compared to the consensus estimate of $463.69 million.
HBM has been the subject of several other reports. Jefferies Financial Group upped their price target on Hudbay Minerals from $13.00 to $14.00 and gave the stock a "hold" rating in a research note on Friday, July 12th. Bank of America upgraded shares of Hudbay Minerals from a "neutral" rating to a "buy" rating and set a $9.00 price target on the stock in a report on Tuesday, April 9th. National Bank Financial upgraded shares of Hudbay Minerals from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 14th. Finally, StockNews.com upgraded Hudbay Minerals from a "hold" rating to a "buy" rating in a research report on Tuesday, May 21st. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $10.36.
Check Out Our Latest Report on HBM
Hudbay Minerals Price Performance
Shares of NYSE HBM traded down $0.02 during mid-day trading on Thursday, reaching $7.98. The company's stock had a trading volume of 3,210,924 shares, compared to its average volume of 2,880,023. The stock has a fifty day moving average of $9.14 and a two-hundred day moving average of $7.54. The firm has a market capitalization of $3.14 billion, a PE ratio of 34.67 and a beta of 1.82. Hudbay Minerals has a 52 week low of $3.94 and a 52 week high of $10.49. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.40 and a quick ratio of 1.00.
Institutional Trading of Hudbay Minerals
A number of large investors have recently made changes to their positions in HBM. Letko Brosseau & Associates Inc. raised its holdings in Hudbay Minerals by 0.7% during the 4th quarter. Letko Brosseau & Associates Inc. now owns 16,569,958 shares of the mining company's stock valued at $91,609,000 after buying an additional 114,266 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Hudbay Minerals by 28.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,375,985 shares of the mining company's stock valued at $51,836,000 after acquiring an additional 2,085,641 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Hudbay Minerals by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 8,694,436 shares of the mining company's stock worth $60,861,000 after acquiring an additional 272,635 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of Hudbay Minerals by 33.8% during the 4th quarter. Mackenzie Financial Corp now owns 5,014,948 shares of the mining company's stock worth $27,604,000 after purchasing an additional 1,266,717 shares during the period. Finally, Donald Smith & CO. Inc. grew its holdings in Hudbay Minerals by 475.3% during the 4th quarter. Donald Smith & CO. Inc. now owns 4,602,687 shares of the mining company's stock valued at $25,407,000 after purchasing an additional 3,802,687 shares during the last quarter. 57.82% of the stock is currently owned by institutional investors.
About Hudbay Minerals
(Get Free Report)
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.
Featured Stories
- Five stocks we like better than Hudbay Minerals
- 2 Fintech Stocks to Buy Now and 1 to Avoid
- Viking Therapeutics: Pharma Stock Soars on Positive Earnings
- 5 discounted opportunities for dividend growth investors
- Top 3 Small Cap Stocks Emerging as Rotation Winners
- What is a Secondary Public Offering? What Investors Need to Know
- Bargain Alert: 3 Stocks Worth Watching While The Market Cools
→ Elon to Transform U.S. Economy? (From Porter & Company) (Ad)
Should you invest $1,000 in Hudbay Minerals right now?
Before you consider Hudbay Minerals, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hudbay Minerals wasn't on the list.
While Hudbay Minerals currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
5G Stocks: The Path Forward is Profitable
Click the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
