Haywood Securities Estimates Hudbay Minerals Q4 Earnings

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) – Investment analysts at Haywood Securities cut their Q4 2024 earnings per share (EPS) estimates for shares of Hudbay Minerals in a report issued on Monday, October 21st. Haywood Securities analyst P. Vaillancourt now expects that the mining company will post earnings of $0.23 per share for the quarter, down from their prior estimate of $0.26. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.49 per share.

A number of other brokerages also recently commented on HBM. StockNews.com downgraded Hudbay Minerals from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Stifel Canada upgraded Hudbay Minerals to a “strong-buy” rating in a report on Monday, July 22nd. Finally, Jefferies Financial Group upgraded Hudbay Minerals from a “hold” rating to a “buy” rating in a report on Wednesday, August 14th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Hudbay Minerals currently has a consensus rating of “Buy” and a consensus price target of $11.17.

Hudbay Minerals Price Performance

Shares of NYSE HBM opened at $9.33 on Thursday. Hudbay Minerals has a twelve month low of $3.94 and a twelve month high of $10.49. The company has a current ratio of 1.86, a quick ratio of 1.49 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $3.67 billion, a price-to-earnings ratio of 40.57 and a beta of 1.77. The business has a 50 day simple moving average of $8.35 and a 200-day simple moving average of $8.53.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Register Financial Advisors LLC acquired a new position in shares of Hudbay Minerals during the 1st quarter valued at about $35,000. Banque Cantonale Vaudoise lifted its position in shares of Hudbay Minerals by 38.7% in the 1st quarter. Banque Cantonale Vaudoise now owns 6,471 shares of the mining company’s stock worth $45,000 after acquiring an additional 1,806 shares during the period. Exchange Traded Concepts LLC bought a new stake in shares of Hudbay Minerals in the 3rd quarter worth approximately $53,000. Ballentine Partners LLC bought a new stake in shares of Hudbay Minerals in the 1st quarter worth approximately $85,000. Finally, Ritholtz Wealth Management bought a new stake in shares of Hudbay Minerals in the 2nd quarter worth approximately $96,000. 57.82% of the stock is owned by institutional investors and hedge funds.

Hudbay Minerals Cuts Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Friday, September 20th. Shareholders of record on Tuesday, September 3rd were given a $0.007 dividend. This represents a yield of 0.2%. The ex-dividend date was Tuesday, September 3rd. Hudbay Minerals’s payout ratio is currently 4.35%.

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.