Analysts Issue Forecasts for HudBay Minerals FY2027 Earnings

HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) – Research analysts at Scotiabank lowered their FY2027 earnings per share estimates for shares of HudBay Minerals in a research report issued to clients and investors on Thursday, October 1st. Scotiabank analyst O. Wowkodaw now expects that the mining company will post earnings per share of $1.97 for the year, down from their prior estimate of $2.01. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for HudBay Minerals’ current full-year earnings is $1.42 per share.

Other equities analysts have also recently issued reports about the stock. Bank of America dropped their price objective on shares of HudBay Minerals from $33.50 to $29.50 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Weiss Ratings cut shares of HudBay Minerals from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. Barclays lifted their target price on shares of HudBay Minerals from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Jefferies Financial Group reiterated a “buy” rating on shares of HudBay Minerals in a research note on Monday, July 6th. Finally, Wall Street Zen cut shares of HudBay Minerals from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, HudBay Minerals has an average rating of “Moderate Buy” and a consensus price target of $31.33.

HudBay Minerals Price Performance

Shares of NYSE HBM opened at $27.33 on Monday. The stock has a fifty day moving average price of $26.90 and a 200 day moving average price of $25.01. HudBay Minerals has a 1-year low of $14.34 and a 1-year high of $32.15. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.24 and a quick ratio of 1.93. The company has a market cap of $12.14 billion, a PE ratio of 16.07, a P/E/G ratio of 0.46 and a beta of 1.58.

HudBay Minerals (NYSE:HBM) (TSE:HBM) last released its earnings results on Wednesday, July 29th. The mining company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. HudBay Minerals had a return on equity of 9.47% and a net margin of 27.48%.The business had revenue of $631.30 million for the quarter, compared to analyst estimates of $632.43 million. During the same quarter in the previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year.

Institutional Investors Weigh In On HudBay Minerals

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Quantinno Capital Management LP increased its holdings in shares of HudBay Minerals by 6.0% during the 1st quarter. Quantinno Capital Management LP now owns 11,597 shares of the mining company’s stock worth $242,000 after buying an additional 657 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in shares of HudBay Minerals by 25.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,933 shares of the mining company’s stock worth $98,000 after buying an additional 986 shares during the period. Wealthcare Advisory Partners LLC boosted its holdings in HudBay Minerals by 2.7% in the second quarter. Wealthcare Advisory Partners LLC now owns 37,766 shares of the mining company’s stock valued at $892,000 after acquiring an additional 992 shares during the last quarter. Rakuten Securities Inc. acquired a new position in HudBay Minerals in the second quarter valued at $28,000. Finally, Bullseye Investment Management LLC purchased a new stake in HudBay Minerals during the second quarter valued at about $30,000. 57.82% of the stock is currently owned by institutional investors and hedge funds.

HudBay Minerals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Tuesday, September 8th were issued a C$0.01 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $0.04 dividend on an annualized basis and a yield of 0.1%. HudBay Minerals’s dividend payout ratio (DPR) is 1.76%.

About HudBay Minerals

Hudbay Minerals Inc is a Canadian mining company focused primarily on the exploration, development, and operation of copper, zinc, gold, silver, and molybdenum deposits. The company’s products are used in infrastructure, manufacturing, technology, and energy-related applications. Hudbay is listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol HBM.

Hudbay operates mining and processing assets in Canada and Peru. Its Manitoba operations include the Lalor polymetallic mine and processing facilities in the Snow Lake region, which produce zinc, copper, gold, and silver.