Hudbay Minerals Inc. (NYSE:HBM) Forecasted to Post Q1 2024 Earnings of $0.13 Per Share

Hudbay Minerals Inc. (NYSE:HBMFree Report) (TSE:HBM) – Equities research analysts at Eight Capital increased their Q1 2024 EPS estimates for shares of Hudbay Minerals in a report issued on Wednesday, February 7th. Eight Capital analyst R. Profiti now forecasts that the mining company will post earnings of $0.13 per share for the quarter, up from their prior forecast of $0.12. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.15 per share. Eight Capital also issued estimates for Hudbay Minerals’ Q2 2024 earnings at $0.14 EPS, Q3 2024 earnings at $0.16 EPS, Q4 2024 earnings at $0.17 EPS, FY2024 earnings at $0.61 EPS, Q1 2025 earnings at $0.13 EPS, Q2 2025 earnings at $0.13 EPS, Q3 2025 earnings at $0.13 EPS and Q4 2025 earnings at $0.13 EPS.

Hudbay Minerals Price Performance

Shares of Hudbay Minerals stock opened at $5.14 on Friday. Hudbay Minerals has a 52-week low of $3.94 and a 52-week high of $6.01. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 171.39, a price-to-earnings-growth ratio of 0.28 and a beta of 1.95. The company has a fifty day moving average of $5.35 and a 200-day moving average of $4.97. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.78 and a current ratio of 1.26.

Hudbay Minerals (NYSE:HBMGet Free Report) (TSE:HBM) last announced its quarterly earnings data on Wednesday, November 8th. The mining company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). Hudbay Minerals had a net margin of 1.32% and a return on equity of 0.52%. The business had revenue of $480.46 million during the quarter, compared to analysts’ expectations of $488.65 million.

Institutional Investors Weigh In On Hudbay Minerals

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE raised its holdings in Hudbay Minerals by 297.8% in the 4th quarter. US Bancorp DE now owns 21,340 shares of the mining company’s stock worth $118,000 after purchasing an additional 15,975 shares in the last quarter. Aigen Investment Management LP raised its holdings in Hudbay Minerals by 140.1% in the 4th quarter. Aigen Investment Management LP now owns 96,019 shares of the mining company’s stock worth $530,000 after purchasing an additional 56,034 shares in the last quarter. Trexquant Investment LP bought a new position in Hudbay Minerals in the 4th quarter worth $1,502,000. UBS Group AG raised its holdings in Hudbay Minerals by 31.8% in the 4th quarter. UBS Group AG now owns 96,086 shares of the mining company’s stock worth $530,000 after purchasing an additional 23,198 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Hudbay Minerals in the 4th quarter worth $186,000. 60.26% of the stock is currently owned by institutional investors.

About Hudbay Minerals

(Get Free Report)

Hudbay Minerals Inc, a diversified mining company, together with its subsidiaries, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing copper, gold, and silver; zinc concentrates; zinc metal; and gold and silver doré and molybdenum concentrates.

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Earnings History and Estimates for Hudbay Minerals (NYSE:HBM)

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