Maxim Group Analysts Increase Earnings Estimates for Hut 8

Hut 8 Corp. (TSE:HUT) – Analysts at Maxim Group upped their FY2026 earnings per share (EPS) estimates for shares of Hut 8 in a note issued to investors on Thursday, November 5th. Maxim Group analyst A. Klee now anticipates that the company will earn ($1.18) per share for the year, up from their previous estimate of ($5.66). Maxim Group has a “Strong-Buy” rating on the stock. The consensus estimate for Hut 8’s current full-year earnings is $0.56 per share. Maxim Group also issued estimates for Hut 8’s Q4 2026 earnings at ($2.00) EPS, Q1 2027 earnings at ($2.10) EPS, Q2 2027 earnings at ($3.91) EPS, Q3 2027 earnings at ($7.43) EPS, Q4 2027 earnings at ($6.50) EPS, FY2027 earnings at ($19.94) EPS, Q1 2028 earnings at ($6.13) EPS, Q2 2028 earnings at ($10.80) EPS, Q3 2028 earnings at ($10.11) EPS and FY2028 earnings at ($36.66) EPS.

A number of other equities research analysts have also recently commented on HUT. Rothschild & Co Redburn upgraded shares of Hut 8 to a “hold” rating in a research report on Monday, September 21st. Wells Fargo & Company upgraded shares of Hut 8 to a “strong-buy” rating in a research report on Thursday, September 17th. Freedom Capital raised shares of Hut 8 to a “strong-buy” rating in a research note on Tuesday, August 18th. Freedom Broker upgraded shares of Hut 8 to a “strong-buy” rating in a report on Tuesday, August 18th. Finally, UBS Group upgraded shares of Hut 8 to a “strong-buy” rating in a report on Wednesday, September 23rd. Eight equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Strong Buy”.

Hut 8 Trading Up 8.1%

Shares of HUT opened at C$80.42 on Monday. Hut 8 has a 52-week low of C$44.82 and a 52-week high of C$194.28. The stock has a market cap of C$9.65 billion, a PE ratio of -17.15 and a beta of 4.58. The firm’s fifty day moving average is C$113.05 and its two-hundred day moving average is C$114.45. The company has a quick ratio of 1.25, a current ratio of 9.48 and a debt-to-equity ratio of 16.38.

Institutional Investors Weigh In On Hut 8

A hedge fund recently bought a new stake in Hut 8 stock. Dockside LLC acquired a new position in shares of Hut 8 Corp. (TSE:HUT) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,252 shares of the company’s stock, valued at approximately $722,000. 43.10% of the stock is currently owned by institutional investors and hedge funds.

Hut 8 Company Profile

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.