Hudbay Minerals Inc. (NYSE:HBMGet Rating) (TSE:HBM) – National Bank Financial reduced their FY2022 earnings per share estimates for Hudbay Minerals in a research note issued on Tuesday, May 10th. National Bank Financial analyst S. Nagle now expects that the mining company will post earnings of $0.59 per share for the year, down from their prior estimate of $0.60. National Bank Financial also issued estimates for Hudbay Minerals’ Q4 2022 earnings at $0.21 EPS.

Hudbay Minerals (NYSE:HBMGet Rating) (TSE:HBM) last announced its earnings results on Wednesday, February 23rd. The mining company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The firm had revenue of $425.17 million for the quarter, compared to analyst estimates of $440.81 million. Hudbay Minerals had a negative net margin of 16.27% and a positive return on equity of 3.83%. The company’s revenue for the quarter was up 31.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.06) EPS.

Other research analysts have also recently issued reports about the stock. Stifel Nicolaus lifted their price target on shares of Hudbay Minerals from C$15.00 to C$16.50 in a research report on Thursday, March 17th. Scotiabank lowered their price target on shares of Hudbay Minerals from C$12.50 to C$12.00 in a research report on Wednesday. Raymond James lifted their price target on shares of Hudbay Minerals from C$13.00 to C$14.00 in a research report on Wednesday, April 20th. Canaccord Genuity Group lowered their price target on shares of Hudbay Minerals from C$12.50 to C$11.50 in a research report on Wednesday. Finally, Zacks Investment Research cut shares of Hudbay Minerals from a “buy” rating to a “hold” rating in a research report on Friday, January 28th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $13.16.

Shares of HBM opened at $5.42 on Thursday. The firm’s 50-day moving average price is $7.31 and its 200-day moving average price is $7.31. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of -5.83, a PEG ratio of 0.31 and a beta of 2.07. The company has a current ratio of 1.29, a quick ratio of 0.98 and a debt-to-equity ratio of 0.83. Hudbay Minerals has a 1-year low of $5.22 and a 1-year high of $9.02.

The business also recently disclosed a Semi-Annual dividend, which was paid on Friday, March 25th. Stockholders of record on Tuesday, March 8th were issued a dividend of $0.008 per share. This represents a dividend yield of 0.2%. This is a boost from Hudbay Minerals’s previous Semi-Annual dividend of $0.01. The ex-dividend date was Monday, March 7th. Hudbay Minerals’s payout ratio is presently -2.15%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Sector Pension Investment Board boosted its position in shares of Hudbay Minerals by 3.1% during the third quarter. Public Sector Pension Investment Board now owns 575,388 shares of the mining company’s stock worth $3,588,000 after acquiring an additional 17,120 shares during the last quarter. Neuberger Berman Group LLC boosted its position in shares of Hudbay Minerals by 105.0% during the third quarter. Neuberger Berman Group LLC now owns 44,948 shares of the mining company’s stock worth $280,000 after acquiring an additional 23,019 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Hudbay Minerals by 76.3% during the fourth quarter. Russell Investments Group Ltd. now owns 51,488 shares of the mining company’s stock worth $373,000 after acquiring an additional 22,291 shares during the last quarter. Credit Suisse AG boosted its position in shares of Hudbay Minerals by 5.3% during the third quarter. Credit Suisse AG now owns 184,525 shares of the mining company’s stock worth $1,149,000 after acquiring an additional 9,265 shares during the last quarter. Finally, Cumberland Partners Ltd bought a new position in shares of Hudbay Minerals during the third quarter worth $1,363,000. Institutional investors own 67.11% of the company’s stock.

Hudbay Minerals Company Profile (Get Rating)

Hudbay Minerals Inc, a diversified mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; silver/gold doré; molybdenum concentrates; and zinc metals.

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



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