Hudbay Minerals Q4 EPS Estimate Boosted by Paradigm Capital

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) – Equities research analysts at Paradigm Capital increased their Q4 2024 earnings estimates for Hudbay Minerals in a research report issued on Tuesday, October 22nd. Paradigm Capital analyst J. Woolley now anticipates that the mining company will post earnings of $0.18 per share for the quarter, up from their prior forecast of $0.16. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.49 per share. Paradigm Capital also issued estimates for Hudbay Minerals’ FY2028 earnings at $0.94 EPS.

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

Hudbay Minerals Stock Up 2.1 %

Shares of Hudbay Minerals stock opened at $9.53 on Friday. The company has a current ratio of 1.86, a quick ratio of 1.49 and a debt-to-equity ratio of 0.47. Hudbay Minerals has a 1 year low of $3.94 and a 1 year high of $10.49. The stock has a 50-day moving average price of $8.38 and a 200 day moving average price of $8.54. The company has a market cap of $3.75 billion, a P/E ratio of 41.43 and a beta of 1.77.

Hudbay Minerals Cuts Dividend

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

Institutional Trading of Hudbay Minerals

Several hedge funds have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Hudbay Minerals by 4.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 74,546 shares of the mining company’s stock valued at $674,000 after purchasing an additional 2,905 shares during the period. Signaturefd LLC lifted its position in shares of Hudbay Minerals by 8.1% in the 3rd quarter. Signaturefd LLC now owns 46,555 shares of the mining company’s stock worth $428,000 after acquiring an additional 3,474 shares during the period. Ballentine Partners LLC grew its holdings in shares of Hudbay Minerals by 32.7% during the 2nd quarter. Ballentine Partners LLC now owns 16,171 shares of the mining company’s stock worth $146,000 after purchasing an additional 3,983 shares in the last quarter. Strong Tower Advisory Services increased its position in shares of Hudbay Minerals by 8.0% during the third quarter. Strong Tower Advisory Services now owns 61,842 shares of the mining company’s stock valued at $568,000 after purchasing an additional 4,599 shares during the period. Finally, Register Financial Advisors LLC acquired a new position in shares of Hudbay Minerals in the first quarter valued at $35,000. Institutional investors own 57.82% of the company’s stock.

About Hudbay Minerals

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.